COATS Trading Features (June 27, 1988)
South American Goldfields was active this week, moving to 95 cents on volume of 66,500 shares. The company is active exploring for gold in South America. Transgold continued to show strength, remainin…
News
Editorial Exporti9ng gold to cut the U.S. trade deficit
A better-than-expected further decline in the United States trade deficit has brought euphoria into North America’s leading financial districts. The April figure of $9.89 billion compared to March’s $…
Vedron awaits results
Mid-summer results to be gathered from exploration work on the Fuller zone of the Vedron property at Timmins, Ont., should be sufficient to justify the start of production by the end of the year, Vedr…
Grab Samples Column
Unconfirmed street talk is that the claims protecting Hemlo Gold’s Golden Giant mine at Hemlo, Ont., are being restaked by a junior mining company. At presstime, the Thunder Bay, Ont., mining recorder…
Tandem sees another busy year
With a number of ongoing projects, Tandem Resources (ME) will be quite active in exploration again this year, President Stanley G. Hawkins told shareholders attending the company’s annual meeting, exp…
Alberta Stock Exchange Baslen trades higher
It was a case of “as you were” in Alberta as most of last week’s most active issues traded ahead of the pack on slightly lower volumes. International Baslen led the way with a 34} increase in its shar…
VSE approves cleanup plan
Stung by media criticism over its role in a scam that saw United Services Funds of San Antonio, Tex., defrauded out of millions of dollars, the Vancouver Stock Exchange has approved a “broad action pl…
Newmont’s debt reduction strategy, is paying off
New York-based Newmont Mining is still attempting to recover from a $2.2-billion dividend paid out last October to thwart a takeover bid by Texas oilman T. Boone Pickens. Net income for the three mont…
Golden Terrace seeks joint venture partner
Golden Terrace Resources (TSE) expects to have a senior mining company take on a joint venture partnership this summer on its Richardson Lake gold property in northwestern Ontario. At the company’s an…
Editorial Rumors no substitute for reality
Sometimes, a good rumor packs a bigger and faster punch than facts do. Just ask anyone who plays the market. They know the rumor mill can be more real than the facts of a situation. Rumor also plays…
Davidson shareholders question non-mining deals
Several non-mining investments made by Davidson Tisdale Mines (TSE) came under shareholder attack at the company’s annual meeting. Despite dissension by a minority group, shareholder approval for the …
Glamis to boost production
With two years of life remaining at its Picacho mine in California, Glamis Gold (TSE) hopes to increase gold production to nearly five times the current rate by 1990. Property acquisitions and joint v…