News

Cuvier — J. Lundrigan bought 12,500 to hold 183,000. Dundee-Palliser — Cons Talcorp sold 46,000 to hold nil. Kerr Addison — I. Bayer sold 6,000 (May) to hold 56,261. Mark Res — K. Hebben sold 100,…

Goldstake Exploration, which says the company is about to start producing gold from tailings, was steady at $2.40-$2.80. Volume was 33,000 shares for the week. The company has ground which covers a po…

From the South African Chamber of Mines’ Newsletter While tons of ore milled by primary gold mines, members of the Chamber, remained constant at 107.6 million tons in 1987, gold production fell by som…

If asked which mining company is the largest gold producer in Canada, from Canadian gold-mining properties, you probably wouldn’t have any trouble in identifying Placer Dome (TSE). The gold giant is o…

Assays of up to 0.161 oz gold per ton over 35 ft were recently reported by Lord River Gold Mines (VSE) from a Phase I drill program on the Trout Creek property located at the south end of the Carlin T…

A 20% increase in silver production is expected by Coeur d’Alene Mines in 1988, according to Dennis Wheeler, president and chief executive officer. Over-all production for the year is expected to be s…

Bullion registered a strong $9 gain this week to $444.80 (US) on London’s second fix today. Gold reacted to a sell-off of U.S. dollars and renewed hostilities between Iran and Iraq in the Persian Gulf…

I would like to bring to your attention a most unjust situation which I recently encountered as a small investor, confronted with a forced share sale. A large foreign company, Western Mining Corp. Hol…

London Metal Exchange Spot closing prices in Pound Sterling per tonne Date July 19 July 18 July 15 July 14 July 13 Copper 1288-1290 1248-1249 1303-1304 1303-1305 12…

On the face of it, the Royal Canadian Mint’s recent decision to add platinum Maple Leaf and silver Maple Leaf coins to its already highly-successful Maple Leaf investment-vehicle gold coins, seems fai…

A follow-up development program, expected to cost upwards of $3 million, is getting under way at the Tully Twp. gold property of Frankfield Explorations (ASE) (36.4%) and Intex Mining (ASE) (63.6%) in…

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul 100.00 96.80 99.90 + 3.65 Aug 96.50 96.50 99…