People (March 14, 1988)
American Mining Congress — Harry Conger re-elected for a third one-year term as chairman of the board of directors and a 3-year term on the board.
News
Total Erickson heads for big league status with option to control
If negotiations being carried out by Total Erickson Resources and its parent Total Resources (Canada) are successfully completed, the former might well be joining the big league of Canada’s gold produ…
Pegasus reports record profits
Spokane- based Pegasus Gold reported record net earnings for 1987 of $14,492,000 or 70 cents per share, a 3- fold increase over 1986 earnings of $4,654,000 or 35 cents per share. For the fourth quar…
Metal Prices FUTURES PRICES (March 14, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 103.60 98.00 99.50 + 6.40 May 95.30 90.2…
INSIDER TRADES (March 14, 1988)
Altex — W. Bell bought 30,300 to hold 1,758,550. Barron Hunter Hargrave — J. Hargrave sold 18,000 to hold 4,914,200. Carolin — J. Berns sold 53,500 to hold 2,726,212. Comet Expl — Krater Minerals …
Argus to move drilling rig after poor Esker Lake result
If a flurry of market activity can be construed as an indication of success, Alberta-listed Argus Resources seems to be on to something at its Esker Lake gold property east of Contwoyto Lake in the No…
Madeleine Mines on stream for Lac des Iles production
Exploration and development of the Lac des Iles platinum-palladium deposit in northwestern Ontario continues with production expected to be under way by June, or failing that later this year, the pres…
Investment Comment Greenstone expects cash flow in ’89
As indicated by recent patterns on the Toronto and New York stock exchanges, a mood of caution still permeates the marketplace following the Oct 19 market debacle. “Since the icy shower of last Octobe…
Texmont to earn 50% of Gowest property (March 14, 1988)
Vancouver-based Gowest Amalgamated Resources has granted New Texmont Explorations of Toronto an option to earn a 50% interest in a 14-claim property in Tully Twp., 40 km northeast of Timmins, Ont. Und…
No bull market for gold in `88: Shearson
Although the worst is over for the gold price after the metal’s recent plunge to the $420-$430(US)- per-oz-range, there is no likelihood of a sustained bull market during the remainder of 1988, Shears…
Skukum Creek to be developed by Omni and Skukum Ventures
A joint venture agreement between Omni Resources and Skukum Ventures will hasten development of the Skukum Creek gold property located in the Wheaton River area of southern Yukon. To earn a 40% intere…
Valentine, Tenquille to develop Ashlu bet
Two Vancouver companies, Valentine Gold and Tenquille Resources, have agreed on a joint venture to finance development of the Ashlu gold property near Squamish, B.C. To earn a 50% interest, Valentine …