COATS Trading Features (July 25, 1988)
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…
News
Obituary Emerson Thompson
Veteran prospector Emerson Huck Thompson died recently at Durham, Ont., in his 81st year. Thompson, who prospected for many years for Conwest Exploration, did most of his lifetime work in Ontario and …
South African mine strikes cited in gold output drop
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…
Placer Dome top producer, Golden Giant leading mine
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…
Lord River reports encouraging assays from Nevada bet
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…
$420 million (US) Cominco project Grade makes Red Dog viable
About 100 miles north of the Arctic Circle and just a short flight to Alaska’s border with the Soviet Union, Cominco Ltd. (TSE) is rapidly developing its Red Dog mine, the largest and richest zinc dis…
Silver increase by Coeur d’Alene
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…
Toronto Stock Exchange Gold bullion’s rise fails to spark trading
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…
FINANCING (July 25, 1988)
ONTARIO Released From Escrow Red Lake Buffalo — 475,000 shs released. VANCOUVER Etruscan — 250,000 offered @ 68 cents per sh. Int’l Baron — gross proceeds rec $487,000. Dual — 400,000 offered @ m…
Letters to the Editor Bad deal for minority shareholder
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…
Metal Prices FREEMARKET (July 25, 1988)
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…
Correction (July 25, 1988)
Contrary to what was reported in The Northern Miner recently, Galactic Resources and Lepanto Consolidated Mining have blocked out approximately 292,200,000 tons of grade 0.041 oz gold per ton at the L…