Spot prices at a glance (July 24, 1989)
Week’s Price (US) Change Gold*$371.50–$ 8.00 Silver*$ 5.22–$ 0.03 Platinum*$499. 50–$ 9.00 Nickel**$ 5.62+$ 0.18 Lead**$ 0.32+$ 0.01 Copper$ 1.15+$ 0.03 Zinc$ 0.76+$ 0.01 Courtesy of Scotiaba…
Articles by Northern Miner Staff
Madeleine Mines in no rush to begin platinum mining
If management were to put on any kind of a drive to production, Madeleine Mines (TSE) could be turning out a palladium-platinum-nickel-copper concentrate by year end, The Northern Miner gathered on a …
VenturesTrident ups stake in Eastmaque
By way of several recent market purchases on the Toronto Stock Exchange, Denver- based VenturesTrident Limited Partnership has increased its stake in Eastmaque Gold Mines (TSE) to about 14.71% of East…
Inco, High River cut big intersection
The deepest hole completed by Inco Gold on the former-producing Snow Lake gold mine property has intersected 105.5 ft grading 0.25 oz gold per ton. The hole was completed at a depth of 2,880 ft. Locat…
Toronto Stock Exchange Indices (July 24, 1989)
1989 July 18 July 17 July 14 July 13 July 12 HIGH LOW Composite “300” 3853.35 3854.74 3849.20 3842.44 3837.44 3854.74 3353.13 Metals & Minerals 3289.11 3348.46 3371.88 33…
Keep 1872 Mining Act, says Mining Congress
The American Mining Congress has launched an aggressive campaign against proposed changes to the Mining Law of 1872. The legislation, which was introduced last month in the U.S Congress, contains eigh…
Toronto Stock Exchange Aur, Louvem hit new highs before trading
An all-day trading halt put the brakes — albeit likely just for a day — to a buying frenzy in the shares of Aur Resources, Societe Miniere Louvem and St. Genevieve Resources. On July 18, Aur and Lou…
Books (July 24, 1989)
Coal Resources of Canada — Published by The Geological Survey of Canada in co-operation with the Canadian Government Publishing Centre. An overview of Canada’s coal resources in terms of their potent…
Inco and Pronto increase Cochenour-Willans reserves
Inco Gold, a wholly-owned subsidiary of Inco Ltd. (TSE), is getting good results from an exploration program on the former producing Cochenour-Willans gold mine near Red Lake, Ont. Pronto Explorations…
INSIDER TRADES (July 24, 1989)
Black Hawk Mg — DCC Equities bought 738,916 (Mar., private) @ 29 cents to hold 5,569,440. Shiningtree — J. Acton sold 120,000 @ 30 cents to hold 111,000. A Dorfman sold 120,000 @ 30 cents to hold …
FINANCING (July 24, 1989)
Canmark Int’l Res — gross proceeds rec $240,000. Vera Cruz Minerals — min 500,000 offered @ 50 cents per sh. British Lion Mines — gross proceeds rec $245,000. Cons Heron — 600,000 shs sold for gr…
Gold funds as of July 18
MPV BGR Central Capital Net value $11.98 $ 6.10 $0.57 Price $10.38 $ 6.00 $0.35 Discount 13.36% 1.6% 38.6% Value $71,322,699.97 …