INSIDER TRADES (August 21, 1989)
Anglo Canadian — R. Kemeny holds 442,801. Atlantic Inv. sold 29,000 (July @ 18 cents to hold 128,000. Black Cliff — N. Kacira bought 87,500 (July, private) @ 41 cents to hold 968,849. Cabre — G. M…
News
Tunnelling symposium
An international symposium on tunneling and underground space development is set for Tokyo on April 9-12, 1990. The symposium will cover topics such as developing underground resources, technology, eq…
Forecasting trends for lead and copper markets
The Institution of Mining and Metallurgy organized a conference, Metals 2000, in London earlier this year dealing with trends in major metals over the next decade. The following looks at the discussio…
First gold poured at Bond’s Bullfrog
610-o gol ba i th firs t hav bee poure a Bon Internatio nal Gold’s (TSE) new Bullfrog mine near Beatty, Nev. Construction of the $112-million(US) Bullfrog mine and mill complex began last August and r…
Editorial Hemlo case sets a high standard
There seems to be a general feeling in the mining industry that business dealings will require even more legal experts in the wake of the LAC-Corona lawsuit, as if more lawyers somehow ensures that co…
Spot prices at a glance (August 21, 1989)
Week’s Price (US) Change Gold*$367.60+$ 2.45 Silver*$ 5.24+$ 0.08 Platinum*$488.00+$ 4.00 Nickel**$ 5.99+$ 0.24 Lead**$ 0.32+$ 0.00 Copper$ 1.26+$ 0.09 Zinc$ 0.83+$ 0.06 Courtesy of Scotiabank. …
Three drills probe McNickel prospect
Although no assay results are yet available, McNickel Inc. (COATS) has completed drilling more than 30 holes on its copper-nickel property situated north of Lac St. Jean, Que. President John McAdam sa…
Dynatec, Northfield sign private deal
An agreement in principle has been signed between Dynatec International and Northfield Minerals (ASE) which will see Dynatec purchase 5.3 million Northfield shares at 45 cents per share. Total procee…
Newmont does it again: new hole grades 350 ft of 0.77 oz gold
A $404-million(US) development program at Newmont Gold’s Carlin, Nev. operations is paying off for the 90%-owned subsidiary of Denver-based Newmont Mining. The development program, now almost complete…
Montreal Exchange Focus on legal ruling
Resolution of the lengthy court battle between Corona Corp. and LAC Minerals vied for investor attention this week with the ongoing Louvicourt Twp. copper-zinc exploration project of Aur Resources and…
Westmin discovers new massive sulphide zone at Myra Falls
Recent exploration drilling by Westmin Resources (TSE) intersected significant thicknesses of massive sulphide mineralization in a new zone at the company’s Myra Falls mine property near Campbell Rive…
News in Brief (August 21, 1989)
Liberian Iron Ore Ltd. (TSE) has announced that mining has stopped at its 37.5%-owned LAMCO joint venture mine in Yekepa, Liberia. Ore processing and shipping will continue until late 1989 from the or…