Beaufield drilling (March 05, 1990)
A $175,000 drilling program is under way on Beaufield Resources’ (TSE) Lac Rouleau gold property held jointly with 52.5% partner Falconbridge Ltd. in northern Quebec. The property is about 70 miles no…
News
Gold Commissioner cancels claims next to Eskay Creek
The Chief Gold Commissioner of British Columbia has ordered the cancellation of the DUP 1-3 claims which had been subject to an option agreement between Adrian Resources (VSE) and Paul Dupras and Alex…
Brenda reports $9 million loss
For the year ended Dec. 31, Brenda Mines (TSE) reported a loss of $9.4 million or $1.93 per share on revenue of $49.8 million. That compares with net earnings of $14.6 million or $3 per share on reven…
Coral and Amex cut deal
An agreement has been finalized for the development of the Robertson gold property owned by Coral Gold (TSE). Under the agreement, Amax Gold (NYSE) can earn a 70% interest in the property by spending …
Editorial Capital gains should reflect reality
With the wave of a hand Finance Minister Michael Wilson has swept away the Canadian Exploration Incentive Program (CEIP), a system of grants upon which many mineral exploration companies had based the…
Magma’s 1989 results record for company
Despite lower production at its Pinto Valley Division, Arizona- based Magma Copper (NASDAQ) achieved record earnings last year. Magma’s net income for the year ended Dec. 31 was US$58.5 million or US$…
Toronto Stock Exchange Indices (March 05, 1990)
Feb. 27 Feb. 26 Feb. 23 Feb. 22 Feb. 21 HIGH LOW Composite “300” 3660.28 3649.49 3652.59 3668.62 3672.46 4009.47 3649.49 Metals & Minerals 2946.90 2947.75 2921.03 2936.26 2959.23 3453.05 2921.03 Integ…
FUTURES PRICES (March 05, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in UScents per lb.) Mar113.75 111.50 111.90 1.10 Apr110.50 108.80 108.90 1.35 May107.40 105.80 106.75 SILVER (in UScents per oz.) Mar5…
Franco-Nevada to issue half a million warrants
Toronto-based Franco-Nevada Mining (TSE) says it has agreed to issue 500,000 special warrants at $20.75 each. First Marathon Securities and Gordon Capital Corp. have agreed to purchase the special war…
Metal Prices (March 05, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 27 Feb. 26 Feb. 23 Feb. 22 Feb. 21 Copper 1442-1443 1441-1442 1430-…
Spot prices at a glance (March 05, 1990)
Week’s/qc/ Price (US) Change/tf/01 Gold*/tf/01 $409.10 $11.50 Silver*/tf/01 $ 5.12 $ 0.22 Platinum*/tf/01 $511.50 $19.65 Nickel**/tf/01 $ 3.42 + $ 0.14 Lead**/tf/01 $ 0.39 + $ 0.01 Copper $ 1.11 + $ 0…
Deep drilling for Tache zinc-gold bet
After completing a 5,200-ft. drillling program on the Tache zinc- gold prospect near Chibougamau, Que., Bitech (ASE) says further deep drilling is warranted to test the property below the 600-ft. hori…