Multinational options Carlin-area property
Multinational Resources has optioned the Emigrant Springs property in Nevada’s Carlin gold belt from a U.S. subsidiary of Teck Corp. The agreement with Teck Resources enables Multinational to earn a 5…
News
Cons. Boundary plans more work on B.C. bet
The second stage of an underground exploration program will be carried out this season on Consolidated Boundary and Grand Forks Mines’ Golden Crown property east of Greenwood in southern British Colum…
St Andrew’s mill work awaits debt financing
St Andrew Goldfields is ready to start driving piles to support mill buildings and a surface crusher at its Stock Twp., gold property east of here. All that remains now is a favorable end to current d…
Gibraltar reports profits for first time since 1980
1987 was a profitable year for Gibraltar Mines, its first since metal prices fell in 1980. Earnings rose to $4,251,000 or 35 cents per share on revenues of $73,929,000. This compares with a loss of $…
TVX adds Chilean mine to portfolio
Toronto-based Consolidated TVX Mining has just added to its Latin American precious metal portfolio by acquiring a stake in a Chilean gold/silver prospect from Consolidated Goldfields. Already Brazil’…
Equinox uses Buckhorn profits to pay back costs in first year
The past year has been an exciting one for Equinox Resources. Cash flow from the Buckhorn mine enabled an 11- month payback on the company’s $1.7 million(US) acquisition cost. A gold discovery at Buck…
Vancouver Stock Exchange Strong dollar stymies gold producers
Higher interest rates in Canada (in comparison to the United States) have strengthened our dollar and reduced fears of inflation which, similar to the U.S., is public enemy number one. But our stronge…
Metal Prices FREE MARKET (February 15, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Feb. 9 Feb. 8 Feb. 5 Feb. 4 Feb. 3 Copper 1319-1320 1299-1302 1360-1365 1322 -1325 1257-1258 Lead …
Continental on ME
Incorporated in 1956 (as Continental Utilities Ltd.) in Alberta and initially in pipeline engineering design and feasibility studies related to natural gas distribution franchises, Continental Researc…
Stockmen looks for gold at Quebec iron prospect
After entering an agreement to buy a large iron property in Delestre, Que., Calgary-based Stockmen Minerals says it has set out to examine the prospect for possible gold reserves. Located 35 km north …
Alberta Stock Exchange Pelham is higher
A planned resumption of gold production at the Louanna mine near Nakina Ont, made Pelham Gold a popular issue in an otherwise low key trading session. In a joint venture with Vancouver- based Cumo Res…
Investment Comment ERG issue a bargain, analyst says
While ERG Resources is preparing to test its brand-new Timmins, Ont., tailings project, the company’s annual meeting in Montreal was obviously not at the top of anyone’s social calendar. An uneventful…