Barrick and LAC deals tap into new gold rally
American Barrick Resources (TSE) and LAC Minerals (TSE) have wasted little time in capitalizing from the 4-week-old gold rally. Moving quickly to take advantage of renewed investor interest in senior …
News
Gold funds as of Nov 21
MVP BGR Central Capital Net value $12.14 $6.23 $0.52 Price $11.875 $6.00 $0.30 Discount 2.18% 3.7% d 42.3% Value $72,273,853 $104,818,631 …
Toronto Stock Exchange Gold breaks $400-mark as rally gains steam
Surging gold bullion prices broke the psychologically important $400-mark this week as London gold closed at $409.90(US) per oz on the second fix. Gold’s strength was quickly reflected in the gold min…
Corona bids for Asamera’s stake in Cannon mine
Large gold-producer Corona Corp. (TSE) plans to add to its growing output by purchasing a 51% interest in the producing gold- silver Cannon mine in Washington State from Asamera Minerals (TSE). Corona…
U.S. Precious Metals, partners open Mother Lode gold mine
A dedication ceremony was held Nov 18 to mark the official opening of the Mother Lode open pit gold mine near Beatty, Nevada. The 2,500-ton-per-day heap leach mining operation is held by a joint ventu…
Metal Prices PRODUCER PRICES (November 27, 1989)
ALUMINUM: MW U.S. Market US76.00 cents – 77.00 cents per lb. (Nov 16, 1989). ANTIMONY: New York dealer US85 cents -90 cents per lb. (Nov 9, 1989). BISMUTH: New York dealer $4.55-$4.65(US) per lb. (No…
Correction (November 27, 1989)
Contrary to what was reported (N.M., Nov 20/89), Quebec businessman Jacques Forget holds a 6.3% stake in Dumagami Mines (TSE) through his Montreal-based investment firm Invesfor.
Noble Peak to option U.S. zinc property
A large base metals deposit in Utah, held by a financially strapped junior, Noble Peak Resources (ASE), is on the auction block. “We expect to have an offer from a major U.S. mining company within thr…
IOCC GOLD OPTIONS (November 27, 1989)
Options Open SeriesVolumeLastInterest Feb 370 C * 43840.50 676 Feb 380 C * 67232.801,230 Feb 390 C * 37322.001,396 Feb 400 C .1,39718.002,768 Feb 410 C * 61812.50 274 Feb 420 C .2,099 9.50 850…
Spot prices at a glance (November 27, 1989)
Week’s Price (US) Change Gold*$406.60+$16.10 Silver*$ 5.80+$ 0.43 Platinum*$532.50+$22.10 Nickel**$ 4.35$ 0.19 Lead**$ 0.30$ 0.02 Copper$ 1.12–$ 0.07 Zinc$ 0.63$ 0.03 Courtesy of Scotiabank….
FINANCING (November 27, 1989)
VANCOUVER Graham Gold — 700,000 sold for gross $231,000. Westerra Res — opt exerc on 100,000 @ 40 cents per sh. Mondana Ventures — min 650,000 offered @ 36 cents per sh. Circumpacific Egy — 1,00…
Toronto Stock Exchange Indices (November 27, 1989)
1989 Nov 21Nov 20Nov 17Nov 16Nov 15HIGH LOW Composite “300” 3933.613947.533957.573946.023968.664037.833353.13 Metals & Minerals 3362.203385.633403.613371.453418.023919.203207.50 Integrated mines 3500…