Newhawk back at Sulphurets
Underground development work has begun at Newhawk Gold Mines Sulphurets project north of Stewart, B.C. Freight and equipment have been transported to the site for a $5 million 2-phase program, the fir…
News
HSK and Joutel to buy Queenston Gold shares
Working on an agenda of quiet growth over the past year, Toronto- listed HSK Minerals and Joutel Resources have taken a major step which consolidates their position in the famed Kirkland Lake mining c…
MFC records a profit as a mining finance house
Fewer than two years from its inception, MFC Mining Finance Corp has emerged as a profitable mining finance house, with interests in two operating gold mines. For the year ended Dec 31, mfc generated …
Toodoggone project affected by Serem (now Cheni Gold Mines Ltd)
The decision by Serem Ltd. to proceed with its Lawyers project, north of Smithers, B.C., will effect a number of properties in the Toodoggone area, including the Mets project of Manson Creek Resource…
Editorial Stock hot-line
Three gold exploration companies had trading of their shares halted this week in Vancouver and Toronto for a rather unusual reason. It appears that over the weekend, a Toronto-based penny stock invest…
Alberta Stock Exchange Correction sets in
Most gold issues on the major exchanges entered a modest correction phase today, as gold bullion gave up $8 to $442(US). However, the correction for some companies amounted to nothing more than sidewa…
Editorial Oh for more “One-Share Sweeneys”
With annual meeting time once again rolling around, our editorial staff will be called upon to attend several hundred. All too many, we fear, will prove routine and boring, with little more than a han…
FUTURES PRICES N.Y. Commodity Exchange (April 20, 1987)
Week’s High Low Close Change COPPER (in US cents per lb.) April — — 62.55 + 0.35 May 62.85 62.55 62.60 + 0.30 July 62.80 62.50…
Vancouver Stock Exchange Profit-taking slows market climb
This is one heck of a bull market. Rising gold and silver prices have propelled many stocks into orbit but the gravitational pull of higher interest rates has started to drag stocks down. Profit takin…
Petroleum Society
Theme of the 38th annual technical meeting of the Petroleum Society of sim (Canadian Institute of Mining and Metallurgy), planned for June 7-10 at Calgary, Alta., is “Innovation and Optimization — Ev…
Brazil’s gold premium: just a drop in a $78-billion bucket
Brazil needs cash. And to get it, the government is paying gold miners in the country a 60% premium on the average London fix price to discourage them from selling it outside the country on the black …
New LME contract in U.S. dollars
A new aluminum contract denominated in American dollars will begin trading June 1 on the London Metal Exchange (lme). The new contract, which will have a delivery point in Singapore, the first outside…