New gold mine in Chile will boost TVX output
Not only is Consolidated TVX Mining (TSE) determined to be a low-cost producer, but the Toronto- based firm has designs on becoming the largest gold-mining company in South America. TVX, whose share o…
News
Metal Prices FREE MARKET (July 04, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date June 14 June 13 June 10 June 9 June 8 Copper 1376-1380 1430-1432 1555-1560 1525-1…
FINANCING (July 04, 1988)
ONTARIO Fire River Gold — final rec iss offer 1,000,000 @ $1.25 per sh to net $625,000. VANCOUVER Cheryl — 500,000 sold for gross $1,350,000. Alberta Natural Gas — gross proceeds rec $35,078,507. E…
Vancouver Stock Exchange New listings trade heavily on
With interest rates trending higher and gold slipping below $440 (US), many investors are staying on the sidelines until some positive news emerges. Brokerage month-end has compounded matters further …
Cassiar purchases Newmont subsidiary
Cassiar Mining (TSE) has acquired Similco Mines, a wholly-owned subsidiary of Newmont Mines, and its principal asset in Canada, the Similkameen copper operation near Princeton, B.C. The $10-million pu…
Surf Inlet seeks partner to explore Matachewan bet
A new company may be joining the exploration team in the search for gold at the Princess Royal Island claims in British Columbia’s Skeena division, shareholders of Matachewan Consolidated Mines (TSE) …
Prospectors net $9 million to explore ’30s copper mine
Long-time followers of the industry hold onto your hats. Prospectors Airways, an old name from the dirty 30s, has resurfaced on the Vancouver Stock Exchange. (The original Prospectors Airways surren…
People (July 04, 1988)
Mining Association of Canada — At the 44th annual meeting held in Ottawa recently, Norman B. Keevil, Jr. was elected chairman succeeding Dr Walter Curlook.
Grab Samples (July 04, 1988)
In an embarrasing move to Banque IndoSuez, the convertible debenture kings of Canadian mining finance, the Swiss National Bank has killed IndoSuez’s latest bond deal. Client Galactic Resources, via Ga…
Kleenex not needed at Metall meeting
With copper production underway at the Ok Tedi mine in Papua New Guinea, and a couple of new gold and base metal mines in the pipeline, there was little danger than shareholders at Metall Mining’s (TS…
Letter to the Editor VSE computerized trading
We refer to your June 13 issue on Junior Mining, and the article “VSE: Top Junior Resource Market Still Setting Records.” We were pleased to have the opportunity to bring your readers up-to-date on th…
Goldpost estimates 1989 cash flow of $9 million
With operating costs of $57 per ton on a 500-ton-per-day basis indicated by engineering studies, Goldpost Resources (TSE) could achieve cash flow of $9 million in 1989 when production of 25,000 oz gol…