LME considers its first warehouse in the U.S.
The venerable London Metal Exchange (LME), having reached out to the Far East, may soon be making its physical presence felt in North America. The exchange, with 97-98% of its activity generated outsi…
News
GOLD (November 28, 1988)
Here is a list of the per share prices which Northgate Exploration paid in the seven transactions it has completed since February 1988. Also listed are last week’s trading prices for the companies inv…
Vancouver Stock Exchange Calpine, Cons Stikine make gains
The Vancouver brokerage community has given a new name to War Eagle Mining which fell out of orbit last week and almost burned up on re-entry. People are now calling it “War Budgie,”a sparrow-sized bi…
Coral in production at Nevada gold mine
Vancouver-based Coral Gold Corp. (VSE) has attained gold producer status at its Robertson property in Nevada. The company poured the first 265-oz gold bar recently and with its 1.4 million ton Gold Pa…
Toronto Stock Exchange Nov 23 Debt and rate concerns in forefront
The markets swiftly discounted the Progressive Conservative majority victory in the Canadian election with a 66-pt gain in two sessions during our review week and before the election. The gains failed…
Sundust acquiring Peruvian interest
Agreement-in-principle has been signed between Sundust Resources (ME) and Aurifera El Sol of Peru which will allow Sundust to acquire a 30% interest in the latter for $1.5 million(US). Aurifera, forme…
Olympic Dam mine opened `Down Under’
Australia’s largest mining project, the Olympic Dam copper- uranium-gold mine at Roxby Downs, was recently officially opened. Bringing the mine, located in south Australia, into production are Western…
NO HEADLINE (November 28, 1988)
TEXT: A joint training agreement was recently signed between Saskatchewan Institute of Applied Science and Technology (SIAST) and Hudson Bay Mining Smelting to train 16 northern Saskatchewan resident…
Amax Inc. announces third quarter earnings
Amax Inc. today reported third quarter net earnings of $132.5 million(U.S.), equivalent to $1.61 per primary common share. Third quarter 1987 net earnings of $176.2 million, equivalent to $1.81 per pr…
Ronrico raises more funds for Simkar bet
Toronto-based Ronrico Explorations (VSE) has announced another funding agreement to finance exploration on the Simkar gold property east of Val d’Or, Que. The funding agreement was made with the Minta…
TSE blocks Corona/Golden North property transaction
The Toronto Stock Exchange blocked an interim agreement between Golden North Resource Corp. (TSE) and Corona Corp. (TSE) which would have seen Golden North acquire, along with certain other assets, Co…
Northern Platinum finds more reserves
Additional near-surface reserves have been outlined by Northern Platinum (VSE) on the company’s Kanichee copper-nickel property near Temagami, Ont. Drilling has outlined 249,250 tons grading 0.84% cop…