Spot prices at a glance (April 10, 1989)
Price Week’s ($US) Change($) Gold* 384.40 +1.10 Silver* 5.80 — 0.03 Platinum* 524.75 +1.25 Nickel** 7.02 — 0.15 Lead** 0.26 –0.01 Copper- 1.4…
News
Colony Pacific earnings decline
Lower oil and gas production volumes and the absence of gains from mineral property sales resulted in a net loss for Colony Pacific Explorations (TSE) of $197,000 or 2.7 cents per share on revenues o…
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 …
Pegasus options Comet mine
U.S. gold producer Pegasus Gold Corp. (TSE) has signed a letter of intent to option the Comet mine property in Montana held by High River Gold Mines (VSE). Located just six miles from Pegasus’ Montana…
Sheridan buys more New Golden Sceptre
Mining entrepreneur J. Patrick Sheridan has filed notice with the Toronto Stock Exchange of his intention to acquire up to 915,763 additional shares of New Golden Sceptre Minerals (TSE) on the open ma…
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 …
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…
Mines ministers to meet in Sudbury
The 46th annual federal-provincial mines ministers’ conference will be held in Sudbury Aug 29-31. “I am very pleased that the government has recognized all that northern Ontario has to offer by select…
Editorial World class?
There have been many horror stories in this country in the past year about premature feasibility studies that over-estimate grade and mineable reserves but under-estimate capital and production costs….
Juneau conference
The mineral potential of southeast Alaska, western British Columbia and the Yukon Territory will be addressed at “Conference Juneau,” a symposium being held April 19-22 in Juneau, Alaska. Two full day…
Minnova, Laramide plan work on Lara
A major exploration program is planned this year on the Lara deposit of Minnova Inc. (TSE) and Laramide Resources (TSE on southern Vancouver Island. The Lara massive sulphide deposit has drill- indica…
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…