NEWS IN BRIEF Black Hawk Mining
Shareholders of Black Hawk Mining (TSE) have until Dec. 21 to exercise rights issued at a rate of one right for every 2.3 shares. (Fractional interests in rights will be rounded down to the nearest lo…
News
Alberta Stock Exchange Biron Bay steady
Despite a lacklustre gold market, Biron Bay Resources managed to hold on to its recent price gains by closing at $1 on volume of 64,500 shares in the week ended Dec. 11. The company is bullish on the …
Metal Prices FREE MARKET (December 17, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date December 11 December 10 December 7 December 6 December 5 Copper 1274-1276 1279-1280 …
U.S. REPORT Galactic, Cornucopia seek cash for overruns
Cost overruns and a shortfall in planned gold production from the Ivanhoe joint venture in Nevada have forced partners Galactic Resources (TSE) and Cornucopia Resources (TSE) to obtain an additional U…
IOCC GOLD OPTIONS (December 17, 1990)
Options Open Series Volume Last Interest Feb. 380 C 162 10.10 884 Feb. 390 C 344 8.50 1,310 Feb. 400 C 380 4.50 1,734 Feb. 410 C 116 3.60 1,382 Feb. 430 C 350 2.70 2,269 Feb. 450 C 300 1.50 843 May 43…
Partners planning program at Skookum
Equal partners Noront Resources (VSE) and Blue Emerald Resources (VSE) are planning a second-phase program for their Skookum property, 3.4 miles from the Eskay Creek deposit in northwestern British Co…
Nooramex drilling Bunce gold project
A $500,000 drill program operated by Noramex Minerals (VSE) is now under way on the Bunce gold property in Pershing Cty., Nev. Funds for the reverse circulation drilling program were provided by Annab…
Hanson sells Newmont shares
Acquisition from Hanson PLC of London of a 42% interest in Newmont Mining (NYSE) for US$1.1 billion has been completed, General Oriental Investments of Grand Cayman Islands reports. At the same time, …
Golden Hope uncovers more high grade at Bellechasse gold bet
With a firm commitment from St. Genevieve Resources (TSE) to spend $2 million by Aug. 15, 1991, Golden Hope Resources (COATS) continues to uncover high-grade veins as it strips back overburden from th…
Toronto Stock Exchange Indices (December 17, 1990)
Dec. 11 Dec. 10 Dec. 7 Dec. 6 Dec. 5 HIGH LOW Composite “300”3239.25 3236.85 3233.56 239.37 3226.52 4009.47 3009.91 Metals & Minerals 766.69 2754.03 2756.89 2774.13 2738.43 3453.06 2502.63 Integrated …
INSIDER TRADING Freewest Pres. Watson a buyer
Freewest Resources (TSE) President Mackenzie Watson will be a very rich man if his company’s Harker-Holloway, Ont., gold joint venture with Noranda (TSE) lives up to expectations. Figures released by …
Shortage of Soviet oil in Cuba could push nickel prices higher
Economic woes in Cuba, which produces about 5% of the world’s nickel, could trigger a runup in nickel prices, industry analysts say. The price of nickel, currently about US$3.70 per lb., could reach U…