Alberta Stock Exchange Beardmore issues up
In a week when Alberta volumes were generally low, three companies with properties in the Beardmore and Schreiber areas of northwestern Ontario, proved to be significant performers. They included San …
News
Vancouver Stock Exchange Investors standing on sideline
Without much liquidity in Vancouver it’s understandable why most investors are staying on the sidelines until the New Year. Also, gold and oil prices are proving to be quite volatile which has made re…
Obituaries (December 21, 1987)
Gordon Cameron, who was instrumental in forming a number of junior mining companies including Camflo Mines, has died at his home in Gatineau, Que. Cameron, who was born in the Cobalt-New Liskeard area…
Equinox gets new US gold property
Plans for a new heap leach mine in southern California are high on Equinox Resources’ agenda following its acquisition of the Zenda gold property, located 40 miles east of Bakersfield in Kern Cty. Equ…
Atlantic Report Cornish Miners in N.S.
Seabright Resources of Halifax is taking steps to maximize gold production at the Forest Hill deposit by contracting 20 experienced narrow vein miners from Cornwall, England, for a year. The miners wi…
Metal Prices FREE MARKET London Metal Exchange (December 21, 1987)
Spot closing prices in Pound Sterling per tonne Date Dec. 15 Dec. 14 Dec. 11 Dec. 10 Dec. 9 Copper 1553-1558 1570-1580 1518-1522 1432-1433 1465-1470 Lead 352-353 350-351 352-3…
New gold zone discovery for Cathedral in Nevada
A new gold zone has been discovered at Cathedral Gold Corp.’s 52%-owned Sterling mine project near Beatty, Nev. Since the mine was spun off by Imperial Metals into Cathedral, the property has been exp…
Letters to the Editor Free trade
T I am quite fed up with the jingoist crusade of Messrs (Mel) Hurtig and (Edward) Broadbent et al, who are trying to block a free trade agreement between Canada and the United States. As a freedom-lov…
Gold tops $500, can’t hang on
The price of gold briefly crept over the $500(US)-per-oz mark in London last week, representing the first time since February, 1983, the precious metal has topped that price level. The morning fix in …
Strike plans exploration
A $228,000 exploration program has been recommended for Strike Minerals’ Thesaurus property located 12 miles northeast of Matachewan, Ont. The program will examine several surface showings associated …
Hope Brook has profit
Hope Brook Gold realized earnings of $149,000 or 1 cents per share for the 3-month period ended Oct 31. Although gold production from the company’s Hope Brook gold mine in Newfoundland began in August…
Toronto Stock Exchange Large swings in golds, underlie market
The triple whammy of crashing oil prices, a crumbling U.S. dollar and profit-taking by gold bullion investors, took their toll on the Toronto Stock Exchange this week. More than ever, the rapid collap…