Stocks in nickkel play show decline
With drill results still awaited from a new nickel-copper play near Lac St. Jean, Que., the share prices of several juniors holding property there have faded from earlier levels. Last fall, important…
News
Spot prices at a glance (May 29, 1989)
Price Week’s ($US) Change($) Gold* 362.50 –11.20 Silver* 5.17 –0.33 Platinum* 486.25 –36.65 Nickel** 5.60 — 0.64 Lead** 0.30 + 0.01 Co…
Friedland undaunted by Wellgreen’s past failure
To say the Wellgreen polymetallic sulphide project in the Yukon has its skeptics is something of an understatement. A subsidiary of Hudson Bay Mining & Smelting is said to have lost about $20 million …
Copper supply study
A comprehensive copper industry multi-client study was recently released by consulting firm Pincock, Allen & Holt, Inc. of Colorado. The primary supply study contains production cost estimates for mor…
Toronto Stock Exchange Gold sector hammered by strong U.S. dollar
The metals sector took a double- barrelled blast from plummeting gold and copper prices. The gold and silver index lost another 37.77 pts to close at 5254.69 pts whereas metals and minerals managed a …
Editorial A cheap shot aimed at Ottawa
One is well advised not to look a gift horse in the mouth. So it may not be wise to criticize the Ontario government’s latest budget for the $5 million allocated to various programs, already in place,…
Vancouver Stock Exchange Bettered VSE plunges to new low
Battered by bad press and low gold prices, the Vancouver Stock Exchange struggled through a particularly dismal trading week as share prices fell and volumes declined to bring the VSE Index to a new l…
Corona/Huntington active at Brett
Work is under way on the first phase of a 2-phase exploration program at the Brett gold property 25 km west of Vernon, B.C. Operator Corona Corp. (TSE) reports the first phase will involve the drilli…
Metal Prices PRODUCER PRICES (May 29, 1989)
ALUMINUM: MW U.S. Market US99.50 cents – $1.02 per lb. (May 18, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.40-$6.55(US) per lb (May 11, …
Sherritt getting concentrate
Sherritt Gordon Ltd. (TSE) is beginning to receive nickel concentrate from the Redstone nickel mine near Timmins, Ont. The mine is expected to produce 10 million lb of nickel in concentrate per year. …
Mother Lode business strategy involves sale of gold properties
Every company has its own approach to minerals exploration and mine development, including San Francisco-based Mother Lode Gold Mines. The company trades on the over-the-counter market in the United S…
Battle for Atlanta Gold heats up
The gloves are off in the battle for control of Atlanta Gold Corp. (TSE) and its key asset, the advanced and 100%-owned Atlanta gold property in Idaho. Vancouver-based Atlanta is attempting to fend of…