Brazil freezes foreign companies’s remittances
A recent action by Brazil to retain all foreign companies’ remittances of profits and dividends is likely to discourage overseas investors from considering any new projects in that country. The move h…
News
Photo by The Northern Miner (September 04, 1989)
Murray Pezim kisses a core sample taken from the Eskay Creek project being drilled by Calpine Resources. Skip Lemarier with the Norseman aircraft.
Piedmont boosts gold production by 56%
Despite persistently wet weather that hampered operations at its Haile heap leach mine in South Carolina, Piedmont Mining (NASDAQ) managed a 56% increase in gold production for its second quarter whic…
Montreal Exchange Buoyant mining issues
Stock prices finished higher on the week, helped by a buoyant mining sector. The mining and minerals index climbed almost 22 pts and the market portfolio more than 45 pts. Daily trading volumes were l…
IOCC GOLD OPTIONS Options Open Series Volume Last Interest Aug 370
22.50 ** Nov 360 P 307 4.501,241 ** The New York closing gold price was $366.75 per oz. Last quotations for IOCC gold options traded in Amsterdam, Montreal, Vancouver and Sydney …
Vancouver Stock Exchange Tide has turned for the VSE
What a week] Phones ringing, paper flying, champagne corks popping and record-breaking trading volumes. That’s the kind of action VSE brokers basked in after Calpine Resources released spectacular res…
Chevron, Goldquest drilling at Red Lake
Officials at Toronto-based Goldquest Exploration (TSE) don’t know what was behind the recent movements in the company’s share price. Goldquest shares nearly doubled to 33 cents recently in active tra…
New Ontario mining law a priority
Hugh O’Neil, Ontario’s new Mines Minister, hasn’t wasted any time acquainting himself with the issues affecting mining in Canada’s leading mineral producing province. In fact, the new Mines Minister h…
FUTURES PRICES (September 04, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep132.50 127.50 128.00 + 2.65 Oct– — 126.60 Dec128.25 123.50 123.75 + 1.90 SILVE…
Cheni earnings (September 04, 1989)
First-half earnings for Cheni Gold Mines (TSE) were $901,000 or 8 cents per share after extraordinary items. Cash flow during the period was $2.36 million, due largely to Cheni’s Lawyers gold mine in …
Alberta Stock Exchange Pezim company moves
As indicated by the trading pattern this week of International Viking Resources, investors have already noted the connection between the Vancouver-based company and the big gold discovery in British C…
PRODUCER PRICES Metal Prices (September 04, 1989)
ALUMINUM: MW U.S. Market US82.00 cents – 84.00 cents per lb. (Aug 24, 1989). ANTIMONY: New York dealer US90 cents -95 cents per lb. (Aug 10, 1989). BISMUTH: New York dealer $4.70-$4.85(US) per lb. (A…