Minnova ups stake
Minnova (TSE) has acquired another one million shares of Laramide Resources (VSE) which increases Minnova’s stake in the company to 37.2%. The shares were issued to Minnova after the company spent $1 …
News
Cooler base metal climate reflected in Inco results
The boom in base metal prices which appears to have fizzled out for the time being was reflected in the annual earnings reported recently by Toronto-based Inco (TSE). Inco’s earnings for the year ende…
Stainless steel a real nickel success
Helping to prop up the price of nickel in 1988 and 1989 was the global demand for stainless steel, a material whose origins can be traced back more than 75 years. Nickel-containing stainless was repor…
News in Brief (February 12, 1990)
Regional Resources (TSE) has changed its transfer agent to Montreal Trust Co.
Metal Prices (February 12, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) DateFeb 6Feb 5Feb 2Feb 1Jan 31 Copper1326-13271329-13311364-13651326-13281304…
FUTURES PRICES (February 12, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb100.00 99.50 100.00 + 3.85 Mar 99.70 98.30 99.20 + 3.55 Apr 98.50 98.25 98.50 + 3.20 SILVER (in US cents per o…
Court dismisses U.S. Gold application
The application by U.S. Gold (NASDAQ) for a limited rehearing of the appeal of Justice Hinds’ decision has been dismissed by the British Columbia Court of Appeal. Hinds’ decision had turned control of…
Echo Bay, Muscocho face roadblock from Windarra
A partner in the operating Magnacon gold mine near Wawa, Ont., says it has the right of first refusal to purchase an increased interest in the project. Windarra Minerals (TSE), with an original 25% in…
Kokanee testing Sullivan-type exploration target
Speculation on the significance of recent drilling at the Vine property near Cranbrook, B.C., has dramatically boosted the share price of Kokanee Explorations (VSE). The junior company reported that d…
Gold Torch not a Prime company
The acquisition of one million escrow shares of Gold Torch Resources (VSE) by Prime Resources (VSE) will not be completed. As a result, the company notes that Prime nominees will no longer be on the b…
South African changes could tap capital from North America
The improved fortunes in gold prices since late 1989 combined with the rapidly improving political situation in South Africa — the world’s largest gold producer — is boding well for that country’s g…
Obituary Art Hastie
Art Hastie, long-time prospector and stockbroker, died on Jan. 24. He was 85. Hastie was co-founder of O’Leary Malartic and D’Aragon Mines and co-staker of Chiboug Copper, McWatters and Elder Mines. H…