Low costs offset gold prices for FMC
By continuing to stress efficient operations and low cost production, FMC Gold Company (NYSE) expects to weather the recent downturn in gold prices and maintain its status as one of the most profitabl…
News
Despite remote location Sulphurets’ Kerr looks viable
A preliminary economic appraisal of the recently- discovered Kerr copper-gold deposit has Sulphurets Gold Corp. (VSE) confident the deposit could be mined profitably despite its remote northwestern Br…
Gold funds as of April 4
BGR Goldcorp Central MVP Capital Net value $12.00% 8.93 6.47% $0.73 Price$ 9.50% 5.000 5.62% $0.55 Discount $ 20.83% 44.0% 13.1% 24.7% Value $7…
Barrick’s future hinges on Goldstrike
In the next three years, American Barrick Resources (TSE) expects to triple its gold output to more than one million ounces per year, placing it among the largest gold producers in the Free World. The…
Claude begins feasibility
Cominco Engineering Services has been hired by Claude Resources (TSE) to complete the final feasibility study for the company’s Seabee gold project east of La Ronge, Sask. Cominco, which is beginning …
Champion gets option
Champion Gold Resources (COATS) has signed an option agreement with Dore Norbaska Resources (TSE) giving it the right to earn a 15% interest in a gold property near Coronation Gulf, N.W.T. The propert…
IOCC GOLD OPTIONS (April 10, 1989)
Options Open Series Volume Last Interest May 390 C . 1,643 8.20 1,717 May 400 C * 391 4.00 4,230 May 420 C * 529 1.20 2,673 May 440 C * 565 0.60 2,773 Aug 400 C * 323 13.50 1,676…
INSIDER TRADES (April 10, 1989)
Ansil — C. Harrop sold 7,800 (Feb.) @ $1.25 to hold 6,800. Eastmaque — H. Klingmann sold 5,000 (Feb.) @ $3.40-$3.45 to hold nil. Flint Rick — A. Donato bought 33,333 (Feb., private) @ 30 cents to h…
Metal Prices FREE MARKET (April 10, 1989)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 4 Apr 3 Mar 31 Mar 30 Mar 29 Copper 1777 – 1782 1804 – 1809 …
Greater Lenora, RJK busy in Saskatchewan
Joint venture partners Greater Lenora Resources (TSE) and RJK Mineral Corp. (ASE) say they are studying the possibility of selective mining of high grade gold zones at their Beaverlodge property in n…
20 companies involved in Lac St. Jean nickel play
At least 20 publicly traded companies have acquired properties in what is shaping up to be an exciting new exploration play for nickel and copper near Lac St. Jean, Que. Interest in the area stems fro…
Record Inco tax
Inco Ltd., which made more money in 1988 than ever before in its history — $735 million(US) — also paid a record amount of taxes in Manitoba. One of the company’s large nickel mining complexes is si…