Laclustre golds take shine off mining sector
Following several weeks of busy trading in a number of blue chip mining issues on the Toronto Stock Exchange, gold shares drifted lower along with lacklustre bullion prices this week. Solid strength i…
News
LAC in solid shape despite loss of Williams mine
Most mining companies would have been crippled by the loss of a gold property the size of the Williams mine at Hemlo in northern Ontario. In the case of LAC Minerals (TSE), the company appears to have…
Editorial Shoddy sales tax scheme
You have to wonder about Michael Wilson and his proposed Goods and Services Tax. It seemed like an idea whose time had come. The existing retail sales tax was long overdue for an overhaul and, in ge…
Gold funds as of August 22
MPV BGR Central Capital Net value $11.71 $ 5.94 $0.57 Price $10.00 $ 5.75 $0.35 Discount 14.60% 3.2% 38.6% Value $69,723,231 $99,9…
Cominco group to develop Chilean copper mine
A bid by Cominco Resources International (TSE) and parent company Cominco Ltd. (TSE) to develop the Quebrada Blanca copper deposit in northern Chile was recently accepted by ENAMI, a Chilean governmen…
See Eagle River last paragraph
Hemlo Gold this week acquired an additional 486,600 shares of Central Crude at an undisclosed price through a private purchase agreement with an unspecified seller. Shares of Central Crude have traded…
COATS (over-the-counter) McNickel leads
Leading the week’s trading was McNickel Inc. with more than 200,000 shares changing hands. McNickel traded as high as $3.00 before closing at $2.65, off 25 cents from the week before. Three drills ar…
Trader’s battle with Elder appears far from settled
A visitor to Trader Resource Corp.’s (TSE) recent annual meeting in Toronto could have been forgiven for thinking he had stumbled upon a gathering of the local law society. Lawyers almost outnumbered …
Inter-Globe gambling on Nevada vanadium bet
Vancouver-based junior Inter- Globe Resources (VSE) is hoping positive metallurgical test results will be obtained for its Gibellini vanadium deposit near Eureka, Nev. The company recently completed 1…
Spot prices at a glance (August 28, 1989)
Week’s Price (US) Change Gold*$366.80–$0.80 Silver*$5.23–$0.01 Platinum*$485.35–$2.65 Nickel**$5.65–$0.34 Lead**$0.32+$0.00 Copper$1.31+$0.05 Zinc$0.88+$0.05 Courtesy of Scotiabank. Information…
Noranda details pursuit of Kidd Creek
Purchase of an interest in the Kidd Creek operation of Falconbridge Ltd. (TSE) was pursued by Noranda Inc. (TSE) between December, 1988, and April of this year. Details of the dealings are contained i…
Alberta Stock Exchange Borealis gains $1
A lawsuit launched by Borealis Exploration against NIM Management Ltd. and several of its partners, has translated into a healthy increase in the price of Borealis shares. They gained a $1 this week o…