Queries 1958 shares
I have some old share certificates for the Consolidated Mining and Smelting Company of Canada, which my late husband purchased in 1958. I am trying to settle the estate and would like to know where I …
1988
Lornex boosts earnings
Unaudited net earnings of $44.2 million ($5.35 per share) for the first nine months of 1988 were recorded by Lornex Mining (VSE), compared with $26.8 million ($3.25 per share) for the same period last…
Gold Standard Mercur suit is old-fashioned slugfest
A court case involving Gold Standard Inc. (NASDAQ) and American Barrick Resources (TSE) has turned into a legal slugfest. The dispute involves the Mercur mine in Utah in which Gold Standard presently …
Virginia Gold starts drilling campaign
A drilling program totalling 12,000 ft has been started on two properties in the state of Virginia in the United States, Virginia Gold Mines (ME) reports. The drilling will be performed on the Hughes …
Brunswick earnings
Net earnings from operations of $6.76 million (19 per share) were reported by Brunswick Mining and Smelting (TSE) for the third-quarter of 1988 compared with $17,000 for the same period last year. Val…
Gold at Gilt Edge
The first dore button containing an estimated 207 oz of gold and 327 oz of silver has been poured at the Gilt Edge mine in the northern Black Hills area of South Dakota. The event marked the start-up …
Bear market cost jobs (October 31, 1988)
The bear market combined with the spate of bank takeovers of Canadian brokerage firms is proving too much for some firms, which have been forced to cut back staff. Sources from London tell us that Sco…
Nfld’s 12th annual open house
The 12th Annual Open House and Review of Activities by the Newfoundland department of mines is scheduled to be held Nov 3 at the Newfoundland Hotel in St. John’s. The meeting is designed to make the m…
Letters to the Editor Dan Willans’ case may never be solved
I was extremely interested in the article of Oct 10/88, regarding the disappearance of Dan Willans, but first will give you some information as to how this association came about. My parents moved to …
Corona launches its first wholly-owned U.S. mine
Corona Corp. (TSE) has established its first, wholly-owned beachhead in the United States. The Santa Fe open pit, heap leach operation, several miles southeast of here, was officially launched as a go…
Alberta Stock Exchange Betts Cove ups Bitech
Drill results from what looks like the one of the best gold discoveries to date in Newfoundland, lead to a cease-trading order early in the week for property-holder Bitech Energy Resources. When news …
Spot prices at a glance (October 31, 1988)
Week’s Price (US) Change Gold (per oz) $407.50 — $ 3.30 Silver (per oz) $ 6.25 — $ 0.07 Platinum (per oz) $539.00 Copper (per lb) $ 1.49 + $ 0.12 Lead (per lb)…