Gold funds as of Oct 17
MVP BGR Central Capital Net value $11.61 $5.84 $0.57 Price $10.50 $5.62 $0.26 1/2 Discount 9.56% –3.7% 53.5% Value $69,138,767.60 $ 98,241,933 N/A…
News
Letters to the Editor Western Copper independent of Teck
In the Oct 2, 1989, issue of The Northern Miner, you carried an article headlined “Thermal, Teck combine on Yukon copper oxide deposit.” I’d like to clear up some misunderstanding which the emphasis o…
Toronto Stock Exchange Indices (October 23, 1989)
1989 Oct 17Oct 16Oct 13Oct 12Oct 11HIGH LOW Composite “300” 3904.153927.293870.744012.434008.484037.833353.13 Metals & Minerals 3527.103601.703465.753652.943662.153919.203207.50 Integrated mines 3685….
Cominco drills to 1,600 ft at Tul;sequah Chief mine
The 1989 exploration program by Cominco Ltd. (TSE) at the Tulsequah Chief mine in northwestern British Columbia has now tested the Tulsequah mineral horizon to a vertical depth of 1,600 ft below the l…
People (October 23, 1989)
CONS CHURCHILL — Steven Simony-Gindele appointed president and chief executive officer succeeding Gunter Deinert.
Alberta Stock Exchange Business as usual
Despite the 1989 market crash that didn’t happen, it was pretty much business as usual on the Alberta Exchange this week where declines appeared to outweigh the number of advances. Many of the issues …
Addwest option
An option to acquire Addwest Gold has been assigned by Magma Copper (Amex) to Canyon Resources (NASDAQ). The option involves a purchase price of $33 million(US) plus certain contingent payments. Addwe…
Metal Prices (October 23, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 10 Oct 9 Oct 6 Oct 5 Oct 4 Copper 1835-183…
Tentative pact at Highland Valley
A tentative settlement has been reached in the 3-month strike at the Highland Valley copper mine near Kamloops, B.C. The mine, which produces about 2.5% of the non-Communist world’s copper output, has…
Pioneer struggling to avoid cash crunch
The recent shutdown of the Puffy Lake gold mine in Manitoba and the slow start-up of the 40%-owned Premier Gold mine near Stewart, B.C., have strained the financial resources of Pioneer Metals (TSE). …
Letters to the Editor New York researcher seeks information
I am writing to ask your assistance in contacting any miners, mining engineers or other similar persons who may have an interest in New York State mining. I am currently gathering information on the s…
Market plunge a non event on Alberta Stock Exchange
If he hadn’t read about it in the newspaper Alberta Stock Exchange President Tom Cumming said he wouldn’t have been aware of the Oct 13 market plunge. While the Dow Jones industrial average dropped 19…