Timmins Nickel hits on Langmuir property
Recent drilling by Timmins Nickel (TSE) on the Langmuir No. 1 deposit, four miles east of the company’s Redstone mine, has intersected 3.44% nickel over a true width of 40 ft. The intersection came fr…
News
Total buys shares in junior affiliate
Open-market stock purchases by Total Resources (Canada) of Calgary have boosted the company’s holdings in Total Energold (TSE) to 72.5% of the latter’s outstanding shares. Total Resources, a wholly ow…
Golden Terrace Res. plans amalgamation
A new corporation, to be named Winchester Mining, is to be formed by the proposed amalgamation of Golden Terrace Resources (TSE) and privately owned Stan North Mining Corp. Terms of the agreement call…
Mining contractors form association to improve image
Representatives from 12 major mining contractors met recently in North Bay, Ont., and formed the Mining Contractors Association of Canada (MCAC). The delegates, from Ontario, Saskatchewan and Quebec, …
Spot prices at a glance (September 10, 1990)
Week’s Price (US) Change Gold* $384.60 — $4.50 Silver* $4.76 — $0.10 Platinum* $484.50 — $3.75 Nickel** $4.96 — $0.03 Lead** $0.39 — $0.01 Copper- $1.32 — $0.01 Zinc $0.71 — $0.04 Courtesy of S…
U.S.REPORT NEWS IN BRIEF
.U.S. Grant Gold Mining Co. Ltd. (USG:VSE) has changed its name to Atrium Resources Ltd. (ATM:VSE) on a 1-new-for-7-old- share basis. Transfer agent is Central Guaranty Trust.
FINANCING (September 10, 1990)
Agnico-Eagle Mines Limited — 3,200,000 shs and 1,600,000 wts offered @ $8.625 per unit. American Barrick Resources Corporation — 5,000,000 shs offered @ $24.50 per sh. International Suneva Resources…
Toronto Stock Exchange Placer Dome offering $262m to buy Mt.
The price of gold bullion remained relatively stable during the week ended Sept. 4 as tensions in the Middle East appeared to have eased somewhat with the release of Western women and children held ho…
Sale of Hanson interest triggers Trimin dispute
Equity Reserve and Equity Investments, mining mutual funds which together control about 25% of the outstanding shares of Trimin Resources (TSE), may be seeking to oust Trimin’s current management team…
U.S. REPORT N.A. Metals deals with Homestake
A US$12-million forward sale of gold to Homestake Mining (NYSE) has been arranged by North American Metals (VSE). The transaction, which will involve about 39,000 oz., is on terms similar to a $31-mil…
Rising metal, oil prices boost commodity index
A sharp increase in metal and mineral prices and improving oil prices gave the all-commodity price index of Scotiabank a small boost in July. The gains more than offset softening forest products and a…
IOCC GOLD OPTIONS (September 10, 1990)
Options Open Series Volume Last Interest Nov. 390 C 182 18.00 736 Nov. 400 C 899 11.00 1,721 Nov. 410 C 249 8.50 2,071 Nov. 420 C 281 6.50 2,632 Nov. 440 C 265 3.50 3,210 Nov. 450 C 140 2.80 382 Nov. …