Metal Prices (September 04, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug 29 Aug 28 Aug 25 Aug 24 Aug 23 Copper 1980-1…
News
Chutine arranges private placement
Toronto-based Chutine Resources (VSE) has made a $150,000 private share placement agreement with Waverley Mining Finance PLC of Great Britain. The proceeds of the private placement will be used for ge…
Toronto Stock Exchange Indices (September 04, 1989)
1989 Aug 29 Aug 28 Aug 25 Aug 24 Aug 23 HIGH LOW Composite “300” 3991.35 3968.11 3974.68 3979.46 3942.05 4019.62 3353.13 Metals & Minerals 3885.34 3811.88 3812.68 …
Junior Golden Crescent strikes survival’ deal with Placer Dome
Market conditions the past year or so have been tough on junior- mining companies. Some have continued to struggle on their own while others have teamed up with seniors to try to ensure their survival…
Gold funds as of August 29
MPV BGR Central Capital Net value $11.66 $ 5.87 $0.57 Price $ 9.75 $ 5.88 $0.34 Discount 16.38% 0.1% 40.3% Value $69,422,250 $98,795,506 N/A…
Gold Standard sues Barrick for breach of fiduciary duty
An attempt by Utah-based Gold Standard Inc. to win full ownership rights to the Mercur gold mine from American Barrick Resources (TSE) has taken what may be a significant new turn. Against the objecti…
Goldteck says drilling extends Nevada deposit
Encouraging drilling results from the Belleview gold property in Nevada have been reported by Goldteck Mines (TSE). The company says the results indicate the deposit extends a considerable distance to…
Palomar exploring Doyon mineral lands
With control of over 17 million acres of land covering a portion of Alaska roughly the size of France, Doyon Limited, an Alaskan native regional corporation, is unquestionably the largest single holde…
Magma, Canyon teaming up to buy Addwest gold mine
Having secured its independence from Newmont Mining Co. (NYSE), Arizona-based Magma Copper Co. (NASDAQ) is looking around for investment opportunities to reduce its exposure to future weaknesses in th…
FINANCING (September 04, 1989)
American Billion Minerals — 500,000 sold for gross $225,000. Ber Res — 300,000 com & 300,000 flow- through offered @ 40 cents per sh. Intertech Minerals — 800,000 sold for gross $280,000. Huntingto…
COATS (over-the-counter) Dayton gains 80 cents
Dayton Porupine Gold Mines was up sharply by 80 cents this week with trading in the $1.95-$2.15 range. There is talk of a possible Dayton underwriting at the $3 level. The junior company, controlled b…
Rogi options Aur property
Recently reaching agreement with Aur Resources (TSE) to earn up to a 45% interest in Aur’s 9-claim Lourmet property in Louvicourt Twp. near Val d’Or, Que., was Exploration Rogi (ME). The copper-zinc-s…