Elders IXL of Australia announces TSE listing
Australian giant Elders IXL Ltd. has been granted a listing on The Toronto Stock Exchange of 2.5 billion American Depositary Shares. A total of 1.4 million shares are issued and outstanding while the …
News
Geological Association to meet in Vancouver
The Geological Association of Canada will hold its 1990 annual meeting in Vancouver on May 16-18. Miners will be especially interested in three conferences: Acid mine drainage — designing for closure…
Kilborn awarded Fort Cady contract
A contract for project management, engineering, procurement and construction management services for the Fort Cady boric acid project in California has been awarded to Kilborn International of Toronto…
Pioneer gold loan from Pegasus
A $3.1-million working capital loan has been arranged by Pioneer Metals Corp. (TSE) with its major shareholder Pegasus Gold (TSE). The funds will be used for general corporate purposes and for operati…
Corona buys 7% of Bondf, has option on another 20%
Major North American gold producer Corona Corp. (TSE) has expanded its international horizons by purchasing a 7% equity interest in Bond International Gold (TSE) for about $30 million(US). Australia-b…
Pacific Talc bulk sample
Already mid- way through a feasibility program, Pacific Talc (VSE) is hoping to become British Columbia’s only producer of industrial talc products. The company has mineral rights to a large, proven t…
Inco team wins award
A team of scientists from Inco Ltd. who developed an innovative process to destroy cyanide in industrial effluents has been awarded an industrial technical achievement award. The 7-member team from In…
Dispute has Louvem unsure about effect of Aur discovery
An attempt by Societe Miniere Louvem (TSE) to obtain an out-of-court settlement with Aur Resources (TSE) over a disputed massive sulphide discovery east of Val d’Or, Que., was discussed at the recent …
Vancouver Stock Exchange Mishibishu claims dominate trading
Signs that gold prices are on an upward trend provided some encouragement for investors and brokers during the past week. While trading still remains generally sluggish, many expect that if gold price…
X-Cal Res. arranges private placement
A private placement involving 638,298 common shares of X-Cal Resources (TSE) at 47 cents per share has been arranged with two European financial institutions, X-Cal reports. Proceeds from the $300,00…
Metals Prices FUTURES PRICES (July 03, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul108.50 106.60 107.20 — 8.80 Sep106.90 105.50 106.00 — 7.55 Dec104.00 102.90 1…
FADING ROYALTY?
Buffeted by market conditions and copper prices, copper mining on Quebe c’s Gaspe Peninsula has had ups and downs over the years. One of the bleaker periods in the history of Gaspe Mines, Noranda Mine…