Goldbelt gets option
Goldbelt Mines (TSE) has signed an option agreement with Glen Auden Resources (TSE), giving the company the right to earn a 50% interest in Glen Auden’s 219-claim property in Moody Twp., Ont. The Mood…
News
Gold funds as of Feb. 6
MVP BGR Central Capital Net value$12.48 $6.41 $0.44 Price$11.625 $6.75 $0.37 Discount 6.85% 5.3% 19% Value$74,332,312 $107,879,217 N/A…
Correction (February 12, 1990)
A recent story (T.N.M., Jan. 29/90) incorrectly identified the owners of Mingold Resources. The exploration company is 50% owned by Inspiration Resources (NYSE) and 50% by Minorco Canada.
News in Brief (February 12, 1990)
Regional Resources (TSE) has changed its transfer agent to Montreal Trust Co.
Normetal contract
Normetal Mining Exploration (ME) has signed a milling and smelting contract with Noranda (TSE) for the refining of 70,000 tons of zinc-silver ore, and the purchase of zinc and silver concentrates, by …
People (February 12, 1990)
PEGASUS GOLD — James Redpath appointed a director succeeding James Foreman. Stanton Bennett, vice-president and secretary, has retired. Lyle Beaudoin will assume the responsibilities of general couns…
Minnova ups stake
Minnova (TSE) has acquired another one million shares of Laramide Resources (VSE) which increases Minnova’s stake in the company to 37.2%. The shares were issued to Minnova after the company spent $1 …
COATS (over-the-counter) Black Gregor active (February 12, 1990)
Shares of Black Gregor Explorations have been trading actively at around the 59 cents level recently as the company’s gold prospect 10 miles north of Marathon, Ont., has caught the eye of some senior …
Breakwater to acquire American Pacific
Management of Breakwater Resources (TSE) and American Pacific Mining (TSE) have agreed in principle to a plan that will see Breakwater acquire all the issued and outstanding shares of American Pacific…
Spot prices at a glance (February 12, 1990)
Week’s Price (US) Change Gold*$419.90+$ 2.35 Silver*$ 5.30+$ 0.09 Platinum*$509.80–$ 0.55 Nickel**$ 2.78+$ 0.06 Lead**$ 0.33+$ 0.01 Copper$ 1.02+$ 0.02 Zinc$ 0.60+$ 0.02 Courtesy of Scotiabank. Infor…
Toronto Stock Exchange Gold equities weaken despite strong bullion
Investors sold off gold shares today, Feb. 7, forcing the index below the 8,000-point level to 7,943.92 points, off 73.73 points on the day. The bout of profit-taking came about despite another jump i…
Fishing buddies say `not yet’ to marriage of Hemlo, Crude
This is the first of a regular monthly column by M.R. Brown, publisher emeritus of The Northern Miner. Work and play can make a good mix, even in semi-retirement. A case in point would have to be a vi…