Rumors swirl of another Carlin find by Barrick
Speculation that drilling by American Barrick Resources (TSE) has intersected another major gold deposit on a property near Carlin, Nev., has sparked a gain of more than 60% over the past two weeks in…
News
COATS unaffected by recent market swings
The Canadian Over-the-Counter Automated Trading System, or COATS, was largely unaffected by the recent share price swings experienced on other major stock exchanges during the week. COATS issues had b…
Hemlo Gold boosts earnings, gold output at Golden Giant
Gold hedging activity enabled Hemlo Gold Mines (TSE) to earn $10.9 million or 13 cents per share during the third quarter of this year. Despite a drop of $85 per oz of gold during the period, the com…
Goldcorp boosts stake in Wharf
Recently increasing its interest (direct and indirect) in Wharf Resources (TSE) to 43.4% was Goldcorp Investments, a Toronto- based gold fund company. Goldcorp reports purchasing 358,200 shares of Wha…
Quebec investors in flow through get new break
Investors in flow-through shares in Quebec have been given a new break by the provincial government. Beginning this year, investors will not have to include flow-through tax benefits in the calculatio…
Toronto Stock Exchange Indices (October 30, 1989)
1989 Oct 24Oct 23Oct 20Oct 19Oct 18HIGH LOW Composite “300”3899.133912.153954.793969.663929.514037.833353.13 Metals & Minerals3499.413470.323542.703587.983551.333919.203207.50 Integrated mines364…
Kap Resources to explore iodine bet in northern Chile
Vancouver-based Kap Resources (VSE) is planning to spend about $300,000 this year to explore a Chilean property it considers promising for the production of iodine. The company recently acquired an in…
Metal Prices PRODUCER PRICES (October 30, 1989)
ALUMINUM: MW U.S. Market US80.50 cents – 82.00 cents per lb. (Oct 19, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…
Camindex debentures
The 3% Series A debentures of Camindex Mines (TSE), worth more than $11.1 million, have been tendered for conversion into common shares of MVP Capital, Camindex reports. Conversion of 100% of the debe…
More cost overruns at Golden Bear
Despite additional cost overruns, construction of the Golden Bear gold mine near Telegraph Creek in northwestern British Columbia is on schedule. Project operator North American Metals (TSE) expects m…
TSE Short Positions (October 30, 1989)
Semi-monthly report as of Oct 15 showed 36,316,842 shares of 630 issues, compared with 34,166,082 shares of 611 issues on Sept 30. Larger individual positions included: Agnico-Eagle 67,510 up 19,900; …
Newmont chairman’s formula for success: Explore like hell’
“We explore like hell.” That has become the unofficial motto of Newmont Gold’s (NYSE) exploration team in Nevada, said Gordon Parker, chairman of Newmont, at a Goldman, Sachs mining conference in New …