Market slump bring bargains for buyers
Recession woes may have people tightening their belts and investors wary of the stock markets, but economists at the International Bank Credit Analyst say mid-1991 will “see a bottom in world equity m…
News
Falconbridge analyzing core from Ungava nickel project
Core from a 75,000-ft. drill program completed this summer at a remote nickel deposit in Ungava, Que., will be analyzed over the next few months by officials at Falconbridge Ltd. But drilling results …
METAL PRICES FUTURES PRICES (November 19, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 118.25 116.50 117.00 + 2.00 Dec 117.50 115.60 116.30 + 1.35 Jan 115.90 114.20 115.90 + 1.75 SILVER (in US cen…
Final summaries given in Ontex, Metalore trial
Lawyers for Ontex Resources (ASE) and Metalore Resources (TSE) have summarized their final cases in a court battle to settle ownership of the disputed Brookbank gold property near Beardmore, Ont. The …
Vancouver Stock Exchange Toltec, Albany, Adrian busy
With gold holding its own above the US$380 level, the Vancouver Stock Exchange continues to be in a state of siege. The Composite Index registered a drop of just over 11 points finishing Nov. 13 at 51…
Toronto Stock Exchange Northgate nose dives after Colomac mine
Northgate Exploration was forced into a damage control mode this week after affiliate NorthWest Gold revealed its decision to take a $149-million writedown on the remote Colomac gold mine. Not surpris…
ERG buys backshares from Pamour
ERG Resources (TSE) has acquired 6.9 million of its own shares, representing a 62% interest, from Pamour (TSE). The two companies were involved in a gold tailings reclamation project at Timmins, Ont.,…
NEWS IN BRIEF Golden Chance
Golden Chance Resources Inc. (GCH:VSE) has changed its name to Trimark Resources Ltd. (TRK: VSE) on a 1-new-for-9-old-share basis. Transfer agent is Central Guaranty Trust.
GOLDFUNDS (November 12, 1990)
MVP BGR Central Capital Net value $10.01 $5.54 $0.28 Price $9.25 $5.125 $0.14 Discount 7.59% 7.5% 50.0% Value $59,611,946 $86,224,538 N/A…
NEWS IN BRIEF Curragh Resources
Curragh Resources Inc. (CZP: TSE) has changed its registrar and transfer agent to Royal Trust Co.
Correction (November 12, 1990)
BMR Gold (ASE) says its America Mine project in California hosts preliminary reserves of 3.97 million tons grading 0.087 oz. gold per ton or about 346,000 oz. in situ. Incorrect figures were published…
Westlake, Minera merger approved
Final court approval has been granted for a merger between Minera Rayrock (TSE) and Westlake Industries (VSE) which holds a 40% stake in Minera’s Bellavista gold project in Costa Rica. Under the merge…