Hixon Gold enters Sask. diamond hunt
Calgary-based Hixon Gold Resources (VSE) has entered into an agreement with Waddy Lake Resources (TSE) and Shane Resources (VSE) to option claims near the Prince Albert, Sask., diamond claims. Hixon c…
1989
Spot prices at a glance (July 31, 1989)
Week’s Price(US) Change Gold* $371.50 –$ 8.00 Silver*$ 5.21 –$ 0.01 Platinum* $492.00 –$ 7.50 Nickel** $ 5.87 +$ 0.25 Lead** $ 0 .31 –$ 0.01 Copper $ 1…
People (July 31, 1989)
COMMODITY EXCHANGE INC. (COMEX) — Arnold F. Staloff appointed president and chief executive officer succeeding Alan J. Brody who has resigned.
Gold funds as of July 25
MPV BGR Central Capital Net value $11.96 $ 6.01 $0.57 Price $10.125 $ 5.62 $0.33 Discount 15.34% 6.4% 42% Value $71,186,209 $101,248,732 N/A…
Market downturn taking toll on Yukon exploration Special to The
This time last summer, helicopters were buzzing geologists in and out of a myriad of isolated mining exploration camps. It was a regular boom. Now, many of those camps are empty and fewer people are w…
SouthernEra deal
SouthernEra Resources (TSE) has completed a private placement of 750,000 units at 25 cents per unit with SPNA Syndicate. Each unit consists of one common share and a half share purchase warrant. One …
Taywin drill program yields good results
A drill program at Taywin Resources’ (VSE) Merry Widow property south of Port McNeill on Vancouver Island has returned some interesting gold values. Indeed, the gold discovery is one of the more excit…
U.S. Gold Corp. wins control of Atlanta Gold
In a dispute taken to the Supreme Court of British Columbia, U.S. Gold Corp. (NASDAQ) has emerged with a ruling allowing it to effect a change in control of Atlanta Gold Corp. (TSE). The company succe…
Premier Gold mill at design capacity
Project operator Westmin Resources (TSE) has reached the design capacity of 2,000 tonnes per day at the Premier Gold mine near Stewart, B.C. The new open pit gold-silver mine is owned 50.1% by Westmin…
Canadian gold mines keeping costs down
In terms of cash operating costs per oz, many Canadian gold mining companies still rank among the lowest cost producers in the non- communist world. According to Consolidated Goldfields’ Gold 1989 pub…
Homestake’s gold output up by 27%
Second-quarter earnings for Homestake Mining Co. (NYSE) increased 9% to $20.9 million (or 22 cents a share) from $19.2 million (or 19 cents a share) in the same period last year. The gain reflects a…
Alberta refuses to lift Shabu cease trading order
Shares of Shabu Gold Mines (ASE) cannot resume trading on the Alberta Stock Exchange until officers of the company file a new prospectus, the Alberta Securities Commission has ruled. After a 3-day hea…