Coeur d’Alene Mines adds up profits
Despite low precious metal prices, Coeur d’Alene Mines (AMEX) continued to add up profits in the second quarter of 1989 largely because of the efficiency of its gold and silver mines. During the perio…
News
Eagle River decline intersects gold zone
A decline has reached its target depth 150 ft underground on the Eagle River joint venture property owned by Central Crude (TSE) and Hemlo Gold Mines (TSE) in the Mishibishu gold camp. Situated 53 mil…
Barrick fails to stifle publicity over control battle ah **
A New York court has dismissed for lack of evidence American Barri ck Resources’ (TSE) recent attempt to stifle an alleged disinformation campaign relating to a lawsuit over the Mercur gold mine in Ut…
Metal Prices FREE MARKET (September 18, 1989)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept 12 Sept 11 Sept 8 Sept 7 Sept 6 Copper 1887-1888 1818-182…
TSE’s bid-and-ask quote seems wrong
This letter calls to your attention a recurring error which I consider is adversely affecting the management of a part of my investment portfolio. I own 11,000 shares of Discovery West Corp., and on A…
Goldquest rises on speculation
Shares of Toronto-based Goldquest Exploration (TSE) took another mysterious turn upward recently, but the company still hasn’t released any results from a major drilling program under way on its Red L…
Vancouver Stock Exchange Eskay results come up short
The latest set of drill results from the Eskay Creek gold project in northwestern British Columbia don’t appear to have dazzled all that many investors. Though the results ranged from good to fair and…
McNellen drills Mount Foley copper (September 18, 1989)
Assay results were released by McNellen Resources (VSE) for the first three holes drilled on its Mount Foley copper-silver-gold project east of Chilliwack, B.C. The first hole returned 15.2 ft of 0.65…
Doe Run passes two safety milestones
The Doe Run Company’s southeast Missouri mining and milling division has passed two safety milestones. Earlier this summer, its 516 employees passed one million hours of work — or more than 11 months…
FINANCING (September 18, 1989)
ONTARIO Audrey Res — final rec iss offer 5,000,000 @ $4 per unit to net $18,800,000. CS RES — final rec iss offer min 1,428,572 @ max 2,857,143 @ $3.50 per sh to net min $4,775,002 & max $9,550,000….
Audrey warms up Mobrun mill while cutting debt by $10 m
Just over a year after Audrey Resources (TSE) shut down production at the Mobrun polymetallic mine near Rouyn-Noranda, Que., the company is warming up its brand new milling facility. The production ha…
Barytex options zinc-lead project
By spending $2 million on exploration by June, 1993, Barytex Resources Corp. (VSE) can earn a 45% interest in the 17-claim Mel zinc-lead property, 80 km northeast of Watson Lake, Y.T. The company rece…