Alberta Stock Exchange Correction sets in
Most gold issues on the major exchanges entered a modest correction phase today, as gold bullion gave up $8 to $442(US). However, the correction for some companies amounted to nothing more than sidewa…
News
Editorial Oh for more “One-Share Sweeneys”
With annual meeting time once again rolling around, our editorial staff will be called upon to attend several hundred. All too many, we fear, will prove routine and boring, with little more than a han…
FUTURES PRICES N.Y. Commodity Exchange (April 20, 1987)
Week’s High Low Close Change COPPER (in US cents per lb.) April — — 62.55 + 0.35 May 62.85 62.55 62.60 + 0.30 July 62.80 62.50…
Vancouver Stock Exchange Profit-taking slows market climb
This is one heck of a bull market. Rising gold and silver prices have propelled many stocks into orbit but the gravitational pull of higher interest rates has started to drag stocks down. Profit takin…
Petroleum Society
Theme of the 38th annual technical meeting of the Petroleum Society of sim (Canadian Institute of Mining and Metallurgy), planned for June 7-10 at Calgary, Alta., is “Innovation and Optimization — Ev…
Brazil’s gold premium: just a drop in a $78-billion bucket
Brazil needs cash. And to get it, the government is paying gold miners in the country a 60% premium on the average London fix price to discourage them from selling it outside the country on the black …
New LME contract in U.S. dollars
A new aluminum contract denominated in American dollars will begin trading June 1 on the London Metal Exchange (lme). The new contract, which will have a delivery point in Singapore, the first outside…
Peterson bullish on mining, sector must be competitive
Mining seems to appeal to Ontario Premier David Peterson. The premier, who has been acting minister for some time of the province’s ministry of northern development and mines, said he is “enjoying the…
Share issue for Lacana
Hot on the heels of its purchase of 51% of Mascot Gold Mines, Lacana Mining has reached two agreements for the sale of five million common shares. In one deal, Lacana has made an agreement with Gordon…
Production nearing for Ketza River gold
An in-house feasibility study prepared by Canamax Resources and audited by Wright Engineers recommends production for the Ketza River gold property in the Yukon. The $21.1- million project is a joint …
Gowest drill holes cut two gold zones
A 3,000-ft drill program completed by Gowest Amalgamated Resources has intersected two zones of gold mineralization. The drilling in Denton Twp., Ont., intersected in the first hole an 11.7-ft section…
Round Mountain to double in size
The world’s largest open pit heap leach gold mining operation is about to double in size. The Round Mountain mine in Nye Cty., Nev., owned by Echo Bay Mines (50%), Homestake Mining (25%) and 25% by Ca…