Project pipleine’ key to growth
A mere six years ago, three of the gold mining companies represented at the Goldman, Sachs mining seminar here did not exist. That point, made during a panel discussion by Ned Goodman, chairman and f…
News
Dolly Varden drilling confirms base metal potential
Results from a series of new drill holes on the Dolly Varden properties near Stewart, B.C., has Dolly Varden Minerals (VSE) planning a substantial drill program to further test the property’s potentia…
Granges to close Tartan Lake
Citing weak gold prices as the primary reason for the decision, Granges Inc. (TSE) announced it will suspend operations at the troubled Tartan Lake gold mine in Manitoba. The company said operating co…
Big plans for Windy Craggy hinge on copper price
The Windy Craggy copper-gold deposit, about 200 km southwest of here in northwestern British Columbia, could contribute more than 1% of world copper production if it is ever put into production, says …
Metals Page: Lead holds its own in mixed metals market
The base metal cycle may have peaked and prices may be on their way down, but you couldn’t prove it by examining lead. The metal recently rallied in London, where it was trading for as high as 34 cent…
Corona disavows report it will acquire Stikine
Corona Corp. (TSE) disavowed the report — released over the Dow Jones news services — that it is in advanced negotiations to acquire the shares of Stikine Resources (VSE). Stikine recently appointed…
Spot prices at a glance (October 23, 1989)
Week’s Price (US) Change Gold*$368.10+$7.70 Silver* $5.13+$ 0.08 Platinum*$487.00+$ 6.70 Nickel**$ 4.71–$ 0.01 Lead**$ 0.35+$ 0.02 Copper$ 1.32+ 0.02 Zinc$ 0.75–$ 0.01 Courtesy of Scotiabank. In…
Canadians develop taste for poison pill concept
Almost a year after Toronto- based Inco Ltd. (TSE) became the first Canadian company to adopt a shareholders’ rights plan, also known as a poison pill, the concept is beginning to catch on. As they se…
IOCC GOLD OPTIONS (October 23, 1989)
Options Open SeriesVolumeLastInterest Nov 360 C .6913.502,920 Nov 370 C .1675.002,016 Nov 380 C .2022.003,111 Nov 400 C .900.602,501 Feb 370 C .8415.00 250 Feb 380 C .1589.90 640 Feb 390 C .776.00 54…
FMC to explore Getchell’s Rock Creek property
An exploration agreement has been signed between Vancouver- based Getchell Resources (VSE) and FMC Gold (NYSE) in order to continue exploration and development work on the company’s Rock Creek propert…
COATS (over-the-counter) Dayton sheds 65 cents
The shares of Dayton Porcupine Gold Mines took a big drop this week, shedding 65 cents to close at $1.75 on six transactions. The company operates the Ross mine east of Timmins, Ont. Ore at that unde…
Major company may acquire Uranium Resources
A non-binding letter of intent is setting the stage for an undisclosed major public company to acquire all the outstanding shares of Uranium Resources (TSE). The proposed transaction was announced by …