Investment Comment Lots of upside to Muscocho
A rapidly emerging Canadian mining finance house is how Michael Villeneau of the investment firm of Morgan Grenfell describes Toronto-listed Muscocho Explorations. An established gold and silver produ…
News
Canadians find gold on Aruba (See Box)
Gold mining in Canada was never, ever like this — on a beautiful island with nearby clean white sand beaches stretching for miles and washed by warm, crystal clear aqua-blue water. About 20 miles lon…
Nickel-price rally runs out of steam
The rally in nickel prices experienced since the start of this year appears to have run out of steam and prospects for further price hikes in the short term appear limited, Shearson Lehman Brothers re…
Stewart Lake busy with graphite bet
Stewart Lake Resources has completed a geophysical survey over the company’s Kirkham graphite property, located 25 miles north of Kingston, Ont. The surveys outlined three parallel zones varying in le…
Toronto Stock Exchange Golds look good as U.S. dollar fuels
With fears that high interest rates and inflation are lurking around the corner, investors sought solace the only way they knew how — by stocking their portfolios with bullion and gold shares. As the…
PRODUCER PRICES (April 20, 1987)
ALUMINUM: MW U.S. Market 64.50 cents -66.00 cents per lb. (Apr 2, 1987). ANTIMONY: New York dealer $1.08-$1.15 per lb. (Apr 2, 1987). BISMUTH: New York dealer $2.50-$2.70 per lb. (Feb 26, 1987). CADMI…
Amir outlines Idaho reserves
Drilling on about 100-ft centres has outlined eight million tons of potentially economic heap leach reserves at Amir Mines’ Buffalo Gulch and Friday properties, in Idaho. The reserves grade from 0.03 …
Balcor drilling Manitoba claims
Some encouraging drill results have been reported from Balcor Resources’ Lasthope property, 15 miles southeast of Lynn Lake, Man. The latest results included 8.5 ft of 0.307 oz gold per ton and 9.3 ft…
Editorial China co-operation could backfire?
There could be both good news and bad news in a new federal initiative to strengthen the links between this country and the People’s Republic of China, in the mining sector. Minister of State for Mi…
Gold fever continues
Everybody’s favorite metal, gold, continues to seek new levels, with the price soaring this past week to the $440-$450(US) per oz range. With a weakened American dollar and the announcement of a highe…
Eastmain and others have spent $3.3 m
More than $3.3 million has been spent by Westmin Resources and joint venture partners Eastmain Resources and MSV Resources on their East Main River properties since 1983. The area is located in northe…
Batle Mt. plans a Canadian office
Battle Mountain Gold has a problem. With a steady cash flow, healthy profits and no debt, the Houston-based gold producer is trying to decide where best to spend its growing cash reserves. It could be…