Start-up problems at McCabe
Stan West Mining (TSE) has encountered operating problems at its $35 million McCabe gold mine in Arizona. During the first quarter of operations, which began in September, 1988, the mine failed to gen…
News
Gold Funds (January 16, 1989)
BGR Goldcorp Central MVP Capital Net value $11.86 8.74 6.73 N/A Price $ 9.125 6.00 5.75 N/A Discount 23.06% 31.3% 14.6% N/A…
Toronto Stock Exchange New Year’s rally continues to make advances
A New Years rally continues to gain momentum adding another 24.12 pts to the composite index which closed at 3468.54 pts. Both the gold and metals indices advanced. Golds picked up 32.52 pts to close …
Franc R. Joubin, 1911-
Franc R. Joubin made his name and enduring reputation in uranium. It was Joubin who found the vast Blind River area uranium field in northern Ontario, today the site of the major operations of uranium…
Economic session
The American Copper Council will sponsor an economic outlook session at its luncheon meeting in New York on Thursday, Feb 2. Featured speaker, is Nicholas Perna, vice-president and chief economist for…
Cannon mine in Washington turns out 145,000 oz gold in 1988
The Cannon mine project of Asamera Minerals (TSE) is located just outside the city limits of Wenatchee. Even so, ask for directions and residents are generally hard-pressed to tell you exactly where i…
Lackluster year of trading on ME
Trading activity on the Montreal Exchange in 1988 was comparable to 1986 levels, says the exchange, which saw its general market portfolio index gain about 6.5% last year. “While the October, 1987, cr…
MacDonald ponders future of Gallen
The new directors of MacDonald Mines Ltd have changed the name of the mining company to MacDonald Mines Exploration (COATS). The company took on a new life last year (N.M., Sept 5/88) when shareholder…
Production decision at Farley in ’89
A production decision for the Farley Lake gold deposit near Lynn Lake in northern Manitoba could come in 1989 if the results of a recent feasibility study are positive. A 12,000-ton bulk sample has be…
Metal Prices FUTURES PRICES (January 16, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Jan 146.00 144.60 144.70 — 7.00 Mar 136.20 133.40 143.70 — 2.00 May 126.30 124.50 125….
Former LAC geologists join combined Perrex Res. group
A couple of former executives in LAC Minerals’ (TSE) exploration wing have agreed to lend their expertise to a new mining group. When the assets of Alberta-listed companies Perrex Resources (ASE), Alb…
Rio Algom buys 22% stake in Vancouver gold company
Toronto-based resource giant Rio Algom Ltd. (TSE) has emerged as the largest shareholder in an unlisted gold exploration company called Pan Orvana Resources. In a bid to access some joint venture oppo…