Ivanhoe makes private placement in War Eagle
A private company founded by Robert Friedland, president of Galactic Resources (TSE), and Eric Friedland recently made a $1.2 million private placement in War Eagle Mining (VSE), which owns the War Ea…
Articles by Northern Miner Staff
INSIDER TRADES (December 05, 1988)
Aquagold — S. Reed bought 19,200 (Sept,Oct) @ $1.00-1.25 to hold 65,000. Atlantis — M. Hogarth bought 55,600 (Oct) @ 95 to hold 200,000. Aurizon — R. Hughes sold 50,500 (Oct) at 40 -53 to hold 41…
People (December 05, 1988)
MINING AND METALLURGICAL SOCIETY OF AMERICA — Sir Alistair Frame will receive this year’s gold medal which is traditionally awarded for conspicuous professional or public service in advancing mining,…
Noranda bides time in pursuit of more Falconbridge shares
Wanting to give the impression it is in no hurry, Noranda Inc. (TSE) says it now intends to make normal course purchases of up to 10% of the common shares of Falconbridge Ltd. (TSE) during the next si…
Record quarter for Coeur D’Alene Mines
Lower production costs and increased gold output at the Rochester mine were factors which contributed to a record third quarter for Coeur D’Alene Mines. The company reported third- quarter income of $…
Spot prices at a glance (December 05, 1988)
Week’s Price (US) Change Gold (per oz) $421.30 -$ 3.35 Silver (per oz) $ 6.07 -$ .04 Platinum (per oz) $602.00 -$34.00 Copper (per lb) $ 1.54 +$ .01 Lead…
Corona Corp.
Corona Corp. (TSE) has acquired 389,121 common shares of Breakwater Resources (VSE) pursuant to a private agreement. These share combined with the 3,869,900 common shares of Breakwater already owned b…
Innovation rewarded at Redpath
During 1987, the innovation committee at J. S. Redpath Limited was established to evaluate ideas presented by employees. Since that time, many gold and silver coins have been awarded as well as dinner…
News in Brief (December 05, 1988)
City Gold Corp. has changed its name to ExtraCare Corp. (EXT:ASE) on a share-for-share basis.
Cambior gets 30% of Nova-Cogesco
Cambior Inc (TSE) has made an offer to acquire between 30% to 60% of all the shares of Nova- Cogesco Resources (ME) at $1.50 per share. Cambior, which owns about 3.8% of the company, wants to increase…
Rebound in metal prices helps commodity index
An increase in metal and forest product prices offset declines in crude oil and agricultural prices during October and helped Scotiabank’s all-commodity price index advance by 0.9% from the previous m…
Toronto Stock Exchange Golds and metals provide boost to index
A much-needed 21-pt boost helped move the composite index to a close of 3,294.68 pts. That represents a 48-pt gain during our review week. Today’s gains came on the backs of golds and metals which eac…