Midas acquiring all of McKendry
Agreements with a private company and the venture capital arm of a chartered bank to acquire the 50% interest in Mc-Kendry Quarries Ltd. it does not already own have been reached, Midas Minerals (TSE)…
News
STOCK MARKETS — Kookaburra copper holdings attract investor
Apparently little affected by constitutional matters, the dollar or interest rates, the Vancouver Stock Exchange drifted lower during the week ended Oct. 6, with the composite index losing 6.99 points…
Spot prices at a glance (October 12, 1992)
Week’s Price (US) Change Gold* $349.50 + $0.50 Silver* $ 3.75 – $0.02 Platinum* $359.00 – $8.50 Nickel** $ 3.01 – $0.02 Lead** $ 0.25 – $0.02 Copper $ 1.03 – $0.03 Zinc $ 0.54 – $0.04 Courtesy of Scot…
STOCK MARKETS — Gold, diamond issues hold up under market
Gold and diamond stocks managed to hold their own amid the volatility that gripped North American financial markets during the week ended Oct. 6. Spurred on by major buyers looking for a safe investme…
Jarvis secures funds for facility
Incentive term loans from two Ontario government agencies totalling $1 million have been made available to Jarvis Resources (VSE) to establish a marble cutting and polishing facility near Sudbury, Ont…
METAL PRICES — FREE MARKET (October 12, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct. 6 Oct. 5 Oct. 2 Oct. 1 Sept. 30 Copper 1322-1323 1313-1314 1331-1332 1319-1320 …
Glimmer maintains Beatty-Hislop stake
A private placement has increased Glimmer Resources’ (VSE) issued shares to 2.1 million and raised enough money for the company to maintain its 40% interest in the Beatty-Hislop gold project in northe…
TSE SHORT POSITIONS (October 12, 1992)
Semi-monthly reports as of September 30 showed 28,399,927 shares of 560 issues compared with 28,383,779 shares of 566 issues on September 15. Larger individual positions included: Aber Res. 50,200, do…
Amax, Coral encouraged by Robertson intercepts
Assay results were released by Coral Gold (VSE) from the latest round of drilling on the Robertson joint venture gold property at Crescent Valley, Nev. Three of five holes drilled by partner Amax Gold…
Starmin, Adonos commence drilling
Drilling is under way at the Asia Pacific copper-gold property on the Philippine island of Negros, joint venture partners Starmin Mining (TSE) and Adonos Resources (TSE) report. The program is aimed a…
Nevada major U.S. gold producer
Nevada accounts for 60% of gold produced in the U.S. and about 9% of world production, according to the Nevada Bureau of Mines and Geology. In 1991, the state produced 5.8 million oz. gold worth US$2….
Alaskan venture plans exploration
A joint venture formed by several parties will spend US$4 million during the next two years on exploration for gold, silver, lead, and zinc near Fairbanks, Alaska. Involved in the venture are Sumitomo…