Higher gold production for LAC in 1st quarter
Increased gold production and lower net earnings have been reported by Toronto-based LAC Minerals (TSE) for the first quarter of 1990, reflecting the consolidation of 65% owned Bond International Gold…
News
London Metal Exchange (May 14, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 8 May 7 May 4 May 3 May 2 Copper 1660-1665 N/A 1630-1635 1720-1725 1695-1700 Lead 485-487 N/A 487-489 …
INSIDER TRADING Audrey grants Kearney options
With Minnova (TSE) developing the 1100 lens at Audrey Resources’ (TSE) Mobrun polymetallic mine at Rouyn-Noranda, Que., some analysts were expecting Northgate Exploration (TSE) to sell its 18% stake i…
Kenroc celebrates its golden anniversary
Kenroc Tools Corp. is celebrating 50 years of operation this year, which marks the inception of its predecessor, the Craig Bit Co. In 1940 two brothers, Ernest and Robert Craig, developed the detachab…
Beep Mat improves
The National Research Council of Canada has granted Instrumentation GDD $59,000 to continue research on the “Beep Mat,” an exploration tool used to detect metallic mineralization. Edwin Gaucher, the i…
Editorial `Borrowing’Tony Oklend’s boat
If only Tony Oklend could see LAC Minerals today. Who was he, you might well ask? Tony was a lonely, illiterate, Lithuanian immigrant who eked out a rugged existence trapping in the Thunder Bay area, …
News In Brief (May 14, 1990)
Brenwest Mining has changed its name to Ridgeway Petroleum Corp. (RGW:VSE) on a 1-new-for- 3-old share basis. Transfer agent is Montreal Trust Co.
Strike charged
Strike Minerals (COATS) has been charged in connection with three offences under the public lands amendment act. According to Strike, the company was charged with “placing a structure on public lands …
Two new mines boost profit for Minnova in first quarter
Production contributions from the new Ansil and Samatosum mines in the first quarter of 1990 resulted in higher earnings for base metal and gold miner Minnova (TSE). Net income for the quarter increas…
Placer withdraws from Guyana project
Gold producer Placer Dome (TSE) has withdrawn from the Omai gold project in Guyana, South America, Golden Star Resources (TSE) reports. Golden Star says it has retained Wright Engineers of Vancouver t…
Toronto Stock Exchange Rally continues, but it won’t last says
The stock market rally that began this week with the biggest single day gain so far this year showed no signs of ending today, May 9. Fuelled by volume increases in all but one of the sub-groups inclu…
FUTURES PRICES (May 14, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) May 120.50 118.20 120.40 — 1.70 June 116.50 115.90 116.40 — 0.90 July 112.40 110.10 112.15 — 0.85 SILVER (in U…