Joly’s output exceeds early expectations
Operating results from the Jolu gold mine during November have exceeded original expectations. Operated by Corona Corp. (TSE), the mine north of La Ronge, Sask., produced 5,266 oz of gold from ore gra…
News
Nova-Cogesco, MSV pursuing merger
Two Quebec-based junior companies are pursuing a merger, announcement of the move coming on the heels of a takeover proposal by a gold producer of one of the juniors. Nova-Cogesco Resources (TSE) says…
Queenstake expects record year for placer gold production
By year-end, Queenstake Resources (TSE) expects it will have produced a total of 13,800 fine troy oz from its placer mining operations in British Columbia and the Yukon Territories, making 1987 its se…
Query Old Mining stocks of no value
I would like information on some old mining stocks from the late 1940s and early 1950s. My father bought 700 shares of a penny stock called Yukon Galena Hill Mines in 1948-49. He also has a certificat…
Beauchamps, Aurizon in option agreement
An option agreement has been entered into by Aurizon Mines (TSE) and Beauchamps Explorations (VSE) whereby the former may acquire a 51% interest (subject to a 2.5% net smelter return royalty) in four …
Hemlo’s ’88 output nears 900,000 oz
Relatively low production costs continue to be the order of the day at the Hemlo gold camp in northern Ontario, where production from the three gold mines operating there is expected to total about 90…
Bulk test scheduled at Octan silver bet
Encouraging results have been encountered at Octan Resources’ (ASE) Bonanza silver claims in the Northwest Territories where the company is planning to take a 15,000-ton bulk sample to determine accur…
The value of metal investors and speculators
Although it may not be palatable to some people, the feeding frenzy behavior of groups such as the many investors in metals, constitutes a vital component of the market that provides price discovery f…
Metal Prices FUTURES PRICES (December 12, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Dec 153.25 150.00 151.25 — 2.25 Jan 146.00 145.50 144.80 + 0.80 Mar 135.45 131.80 133.60…
Montreal Exchange Juniors may merge
A proposed takeover bid (at $1.50 per share) of a junior by Quebec gold producer Cambior Inc provoked a response by the junior, but it wasn’t perhaps what Cambior was expecting. The junior, Nova-Coges…
FINANCING (December 12, 1988)
ONTARIO Augmitto Expls. — final rec iss offer min 750,000 & max 2,000,000 @ $4 per Cl A spec sh to net min $2,760,000 & max $7,360,000. Dynalta Egy — final rec iss offer min 3,000 & max 10,000 @ $1,…
Editorial Who’s in charge here?
Politics can make for some very peculiar reasoning. Take, for example, our recent general election, won by the Progressive Conservatives with what appears to be a resounding majority — 169 of 295 sea…