Alberta Stock Exchange Gold shares drop
Investors reacted negatively to recent declines in the price of gold by launching a sell-off which sent many stocks to new lows during the week ended Oct. 16. Although the turmoil on stock markets has…
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COATS (over-the-counter) Costigan cuts lead-zinc
Continuing its upward march, Costigan Gold gained another 5 cents for the week ended Oct. 16 as the company announced a base metal discovery 200 km southwest of Bathurst, N.B. All four holes drilled o…
Global copper smelting needs studied
New global copper smelting capacity, beyond those projects already announced, will be needed by 1993, says a research company from Pennsylvania. The closure of the Bougainville mine (180,000 tonnes pe…
BOOK BRIEFS (October 22, 1990)
Tunnelling: Design, Stability and Construction, by B.N. Whittaker and R.C. Frith. Published by The Institute of Mining and Metallurgy. Available at IMM North American Publications Center, Old Post Rd….
EDITORIAL Gold is gold is gold
Institutions can go bankrupt, stocks can go belly-up, currencies can become museum pieces, governments can fall — but gold is gold is gold. There is no way that gold can go bankrupt because gold has …
St. Gen. cancels Swiss debentures
St. Genevieve Resources (TSE) recently bought for cancellation, $10.7 million worth of its 5.625% convertible bonds, through a transaction on the Swiss bond market. The bonds were purchased for the eq…
EDITORIAL Miners meet minister
Ontario’s mining industry got a good look at the province’s new mines minister during the first Ontario Mining Week and apparently liked what it saw. Gilles Pouliot charmed his audience at a reception…
Montreal Exchange Latest Douay tonnage
Investors continued to be active but prices tumbled on the ME, with both the general market portfolio index and the mining and minerals index hitting new lows this year during the week ended Oct. 16. …
Tonnage potential at Quet
Initial drilling results from the Quet property, 90 km northeast of Vancouver, returned wide intersects of low-grade gold. Noranda (TSE) is earning a 60% interest in the property from Aranlee Resource…
Bethlehem, Goldnev join forces to explore prospects near Revelstoke
A recent joint venture agreement between Bethlehem Resources (TSE) and Goldnev Resources (VSE) will provide for ongoing exploration of several prospects in the vicinity of the Goldstream polymetallic …
Spot prices at a glance (October 22, 1990)
Week’s Price (US) Change Gold* $365.75 — $26.45 Silver* $ 4.22 — $0.41 Platinum* $395.55 — $48.20 Nickel** $ 4.13 — $0.15 Lead** $ 0.35 + $0.00 Copper- $ 1.17 — $0.12 Zinc– $ 0.60 — $0.01 Court…
Toronto Stock Exchange Gold issues recover as buyers move back
After taking the worst drubbing since Saddam Hussein’s Iraqi forces entered Kuwait, gold managed to regain some of its lustre following the week ended October 16. Pressured by a series of factors incl…