Hottest base metal (December 25, 1989)
It’s being called the hottest base metals discovery since Kidd Creek and the Louvicourt Twp., Que., find of joint partners Aur Resources (TSE) and Societe Miniere Louvem (TSE) brought a sluggish June …
News
Chabela financing
A private financing worth $500,000 is being arranged by Minerais Chabela (ME). A maximum of 50 investors will be allowed, at a cost of $10,000 per unit. Chabela plans to spend the money on exploration…
Spot prices at a glance (December 25, 1989)
Week’s Price (US) Change Gold* $413.15 –$ 3.95 Silver* $ 5.58 –$ 0.09 Platinum* $513.00 +$ 0.75 Nickel** $ 4.15 +$ 0.09 Lead** $ 0.31 –$ 0.02 Copp…
Golden Star gives not to Mahdia gold project
Golden Star Resources (TSE) has decided to advance its Mahdia gold property in Ghana to the production stage. At full production, the Mahdia placer mining operation would be capable of producing 60,00…
Skyrocket sues VSE for $230,000
A writ of summons has been filed in the Supreme Court of British Columbia by Skyrocket Exploration and Resources (VSE) against the Vancouver Stock Exchange and a number of its employees. The writ invo…
COATS (over-the-counter) Gold Bar drops 25 cents
Gold Bar Resources’ announcement that it has hired the firm of James Wade Engineering to prepare a prefeasibility report on Gold Bar’s Chester Twp. Ont., gold property didn’t do much to help that issu…
Books in Review Northern Miner to publish new edition of Mining
In early 1990, Northern Miner Press Inc. will publish a 144-page book entitled Mining Explained: A Guide to Prospecting and Mining, the sixth edition of a reference publication that first rolled off t…
Equity drops option on Bitech’s Nugget Pond gold property
Although Bitech Corp.’s (ASE) Nugget Pond gold property in northern Newfoundland hasn’t lived up to the mine-making criteria of Equity Silver Mines (TSE), Bitech still believes the small deposit could…
FUTURES PRICES Metal Prices (December 25, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec106.30 104.00 106.20 + 3.10 Jan104.50 102.50 104.80 + 2.20 Feb103.10 103.10 104…
Vancouver Stock Exchange Holidaty slowdown takes effect
Every year, as regular as clockwork, market activity on all exchanges gently winds down for the holiday season as investors and brokers turn their attention to parties, shopping and Christmas cheer. O…
Editorial What was under the tree
For those who received Christmas gifts that might best be described as useless, consider some of the nifty selections Japanese marketers were able to unload during the holiday season. One that parti…
Editorial More on interest rates
From a speech by John Crow, Governor of the Bank of Canada, to the Winnipeg Chamber of Commerce In what I have just said I have aimed to make clear why the Bank of Canada has been seeking in recent …