Metal Prices PRODUCER PRICES (December 18, 1989)
ALUMINUM: MW U.S. Market US76.00 cents – 77.00 cents per lb. (Nov 30, 1989). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.50-$4.60(US) per lb. (N…
News
Alberta Stock Exchange Naxos again
The Naxos Resources issue continued its upward spiral, thanks to the work the company is doing on a 6,800-acre claim block in the Shumway Lake area south of Kamloops, B.C. Trading on 575,300 shares, N…
SOB demands second study for Prime/Calpine merger
In a surprising about-face, the Vancouver Stock Exchange has backed away from its earlier request that a second independent valuation be done for the proposed merger of Calpine Resources (VSE) and Pri…
CEIP incentive program is not very well understood
The federal government provides mining exploration with two major tax-related incentives. Both may be made available by mining corporations to persons who subscribe for their flow-through shares. Of t…
Westfield cashed up after asset sale
Westfield Minerals (TSE) reported net income of $5.5 million or 34 cents per share during the first nine months. During the same period last year, Westfield’s net income was $1.7 million or 12 cents …
COATS (over-the-counter) Black Gregor active (December 18, 1989)
Volume leader for the week ended Dec 12 was Black Gregor Explorations which traded 266,300 shares in the range of 50-65 cents . The junior company is drilling a 255- claim gold property 10 miles north…
Bitech options Kam Creed claims
Bitech Corp. (ASE) has signed a letter of intent to option a gold property in Newfoundland from Kam Creed Mines (TSE). Under terms of the option agreement, Bitech is to make option payments of $60,000…
Study bullish for international gold market
According to a recently published study of the international gold market by Metal Market Consultants of Lakewood, Colorado, the demand for gold should exceed supply and keep prices modestly buoyant in…
More high grade at Buckhorn
Excellent drilling results continue to roll in from the Buckhorn Mountain property owned by Crown Resources (NASDAQ). Situated in Washington State, the property has been the subject of an extensive ex…
FUTURES PRICES Metal Prices N.Y. Commodity Exchange Week’s High
00 578.50 + 13.00 ** GOLD (in US$ per oz.) ** ** Dec418.70 415.30 417.90 + 14.40 ** ** Feb424.20 419.60 422.80 + 13.90 ** ** …
Bethlehem to reopen Goldstream copper mine
Management at Bethlehem Resources (VSE) is confident that the Goldstream copper-zinc property, 80 km north of Revelstoke, B.C., will soon be brought back into production. Bethlehem and Goldnev Resourc…
Letters to the Editor CUB tunnel borer
We appreciate your comments on the CUB tunnel borer in your Nov 27, 1989, issue. However, there is one minor error in that we hope the machine will realistically do 1,000 ft per month. If it bores 1,0…