Metal Prices (October 09, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 3 Oct 2 Sept 29 Sept 28 Sept 27 Copper 179…
News
Inco captures Canada Export
Inco Ltd. (TSE) of Toronto is among 15 successful Canadian exporters that have been named winners of the 1989 Export Award. The awards, presented annually by External Affairs and International Trade C…
Kewagama testing Granada samples
Metallurgical test work on material from the Granada gold property near Rouyn-Noranda, Que., indicates over-all gold recoveries in excess of 95% can be obtained from a combination of gravity separatio…
Sikaman merges with private firm
Shareholders of Sikaman Gold Resources (TSE) and Shefford Resources, a private company registered in British Columbia, have voted in favor of merging the two companies. Name of the amalgamated company…
McNickel completes Lac St. Jean drill program
Toronto-based McNickel Inc. (COATS) has completed the first phase of a major drill program on its 40-claim copper-nickel property under option in the Lac St. Jean area of Quebec. Using a cutoff grade …
NovaGold starts gold production at Murray Brook
The Murray Brook gold-silver mine has begun production, NovaGold Resources (TSE) says. Situated in New Brunswick, the mine processed 8,050 tons of ore during its 10-day start-up period to produce 237….
Alberta Stock Exchange Integrated makes bid
A takeover bid by Integrated Resources for Northern Minerals (TSE) failed to generate much interest. Integrated was firm at $1.20. Northern, which holds a basket of exploration properties and a placer…
Cuts 216 ft. grading 0.28 oz. Bond gold find near Stewart
Recent drilling by Bond International Gold (TSE) has intersected a significant new gold discovery on the company’s Red Mountain property in northwestern British Columbia. Situated about 15 km east of …
Calpine shareholders group finds Prime offer too low
Shareholders of Calpine Resources (VSE) will soon be shareholders of Prime Resources (VSE). That’s assuming of course that a proposed business arrangement to result in Prime acquiring all Calpine’s sh…
Toronto Stock Exchange Low rate outlooksparks market to new high
A five-day buying spree by investors propelled the composite index to a new high of 4019.74 points. Bullish economic forecasts calling for lower interest rates sparked the Dow Jones index in New York …
Placer Dome to buy back shares
The board of Placer Dome (TSE) has approved a plan to buy up to 16.4 million of its common shares on The Toronto Stock Exchange. When fully exercised, this ordinary course issuer bid would amount to a…
Tests confirm gold grade at Touquooy says Seabright
Initial mill tests have confirmed the grade of the Touquoy gold deposit, Seabright Explorations (TSE) says. Situated near Moose River, N.S., the Touquoy hosts drill-indicated reserves of 1,059,000 ton…