Obituary – Viateur Audet
Viateur Audet, a well-known prospector from Val d’Or, Que., died Oct 2. He was 54. Born in St. Mathieu, Que., on Jan 9, 1935, Audet was a prospector for 40 years. He worked all across Canada but most …
News
Tentative pact at Highland Valley
A tentative settlement has been reached in the 3-month strike at the Highland Valley copper mine near Kamloops, B.C. The mine, which produces about 2.5% of the non-Communist world’s copper output, has…
Letters to the Editor New York researcher seeks information
I am writing to ask your assistance in contacting any miners, mining engineers or other similar persons who may have an interest in New York State mining. I am currently gathering information on the s…
Free Seminar
Geostat Systems International offers a free seminar on “Microcomputer Orebody modelling” to be held in Toronto at the Royal Hotel Nov 23. For registration, contact Geostat Systems International, Claud…
Addwest option
An option to acquire Addwest Gold has been assigned by Magma Copper (Amex) to Canyon Resources (NASDAQ). The option involves a purchase price of $33 million(US) plus certain contingent payments. Addwe…
FINANCING (October 23, 1989)
ONTARIO Whisper Lake Res — final rec iss offer 2,250,000 @ 40 cents per sh to net $556,312.50 CopperQuest — final rec iss offer 1,500,000 @ 21 cents per sh to net $300,000 VANCOUVER Black Rock Ne…
Spot prices at a glance (October 23, 1989)
Week’s Price (US) Change Gold*$368.10+$7.70 Silver* $5.13+$ 0.08 Platinum*$487.00+$ 6.70 Nickel**$ 4.71–$ 0.01 Lead**$ 0.35+$ 0.02 Copper$ 1.32+ 0.02 Zinc$ 0.75–$ 0.01 Courtesy of Scotiabank. In…
Takeover costs reduce earnings of Falconbridge
Expenses related to the recent takeover of Falconbridge Ltd. (TSE) led the major nickel producer to reduce its third-quarter earnings by $37 million. Noranda Inc. (TSE) and Swedish firm Trelleborg AB …
Metals Page: Lead holds its own in mixed metals market
The base metal cycle may have peaked and prices may be on their way down, but you couldn’t prove it by examining lead. The metal recently rallied in London, where it was trading for as high as 34 cent…
Corona disavows report it will acquire Stikine
Corona Corp. (TSE) disavowed the report — released over the Dow Jones news services — that it is in advanced negotiations to acquire the shares of Stikine Resources (VSE). Stikine recently appointed…
LAC buys 65% of Bond Gold, more than doubles gold output
Facing the spectre of being outpaced by an emerging generation of precious metal super producers, Toronto-based LAC Minerals (TSE) has announced it will take control of Bond International Gold (TSE) f…
Aur and Belmoral negotiate financing, milling deals
Gold-producer Belmoral Mines (TSE) and Aur Resources (TSE) have negotiated financing and custom-milling agreements which should help pick up the fortunes of ailing Belmoral. Aur has agreed to lend $4 …