Vista Mines bankrupt
Vista Mines (TSE) has declared bankruptcy. The company will be sharing the fate of its predecessor, which failed in 1984 after building a small 125-ton-per-day mill known as the Rio gold mine near Cre…
News
Toronto Stock Exchange Indices (December 11, 1989)
1989 Dec 5 Dec 4 Dec 1 Nov 30 Nov 29 HIGH LOW Composite “300” 3939.84 3952.66 3958.65 3942.77 3946.65 4037.83 3353.13 Metals & Minerals 3369.31 3366.52 3357.11 3353.24 …
Agnico-Eagle loss due to gold price
A third-quarter loss reported recently by Agnico-Eagle Mines (TSE) was due largely to subdued gold and silver prices, the company said. Net losses for the three months ended Sept 30 were $114,000 or 1…
Western D’Eldona active in junior oil and gas sector
In June, 1988, I bought 2,000 shares of Western D’Eldona Resources, and I would like to obtain some information on the current status of this company. N.P., Halifax, N.S. The company in which you hold…
Inco considers sale
At the request of the Indonesian government, Inco Ltd. (TSE) will consider a public offering to sell 20% of P.T. International Nickel Indonesia, owned ** by Inco. ** The of…
Northfield, Rockford plan $4-m Larder Lake program
Northfield Minerals (ASE) and its 37% owned affiliate Rockford Minerals (TSE) are preparing to take another look at their Larder Lake, Ont., gold project now that they are about to become the property…
Cold slows Giant’s tailings project
The Yellowknife, N.W.T., tailings treatment project of Giant Yellowknife Mines (TSE) “operated at breakeven” in 1989, its second year of production, the company reports. Incorrect reference was made (…
Green light for Oracle Ridge
The Oracle Ridge copper-silver project near Tucson, Ariz., is slated to become the first producer for Vancouver- based South Atlantic Ventures (VSE). Before making its positive production decision, th…
Vancouver Market Exchange Calpine stumbles, Prime holds steady
The recent pullback in gold prices to just above $400 has not helped the Vancouver market index, shedding 25 points over the week to the 695 level at noon today, Dec 6. Market sentiment seems to see t…
Backing the ruble with gold
The spirit of glasnost and perestroika transforming the political landscape of the USSR and Eastern Europe is already creating some fascinating opportunities for Canadian mining companies. The Sovie…
Metal Prices (December 11, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 5 Dec 4 Dec 1 Nov 30 Nov 29 Copper 1517-1519 1…
Letters to the Editor Westfield shareholders seek OSC review
We write to express, in some small degree, our collective anger, frustration and dismay at the appalling manner in which the mining assets of Westfield were recently appropriated by Northgate in a dea…