IOCC GOLD OPTIONS (July 17, 1989)
Options Open Series Volume Last Interest Aug 370 C * 65 20.00 692 Aug 380 C * 449 9.60 1,669 Aug 390 C * 299 5.50 2,018 Aug 400 C * 741 3.00 2,292…
News
Metal Prices (July 17, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 11 July 10 July 7 July 6 July 5 Copper 1483-1485 15…
Editorial Tax grab hurts everyone in the long run
Intransigence on the part of British Columbia’s government over water licence rentals has led to the cancellation of a $130- million expansion of Cominco’s zinc refinery at Trail, B.C. Besides creatin…
First Toronto selling Forsayth interest
In a bid to improve the lot of shareholders of First Toronto Mining (TSE), the company has opted for an asset sale which will lead to either a distribution of capital or a special dividend. First Toro…
Baloil expands holdings around Sumit gold claims
Calgary-based Baloil Resources has agreed to acquire for $125,000 a 100% interest in a group of eight claims located beside the company’s Sumit property in British Columbia. The claims include the for…
Montreal Exchange (July 17, 1989)
The latest drilling results from a copper-zinc massive sulphide deposit in Louvicourt Twp. in northwestern Quebec have only added to investor enthusiasm for the players, Aur Resources and Societe Mini…
Monique ups stake in Louvicourt bet
Montreal-based Monique Exploration (ME) has signed an agreement whereby it will issue shares to Societe Miniere Louvem (TSE) in exchange for a larger stake in the Monique gold property near Val d’Or, …
Goldpost nears production, despite shareholder doubts
Even though Goldpost Resources (TSE) is planning to produce 8,000 oz gold this year from its wholly- owned Hislop West zone near Timmins, Ont., at least one shareholder is unhappy with the company’s p…
Echo Bay, Zahavy deal
Echo Bay Mines (TSE) has acquired the option to earn a 50% interest in the Favourable Lake gold property owned by Zahavy Mines (ASE). Situated north of Red Lake, Ont., the property was last explored b…
Quebec to challenge U.S. ban on asbestos
The province of Quebec plans to take legal action in the United States following an announcement of a virtual ban by that country on the use of asbestos. The U.S. Environmental Protection Agency (EPA)…
Vancouver Stock Exchange (July 17, 1989)
Although market activity here isn’t reflecting it yet, many brokers says investors are starting to look more favorably at gold issues. The general feeling is that interest rates are on the way down in…
Regulatory delays stall McNickel’s work plans
Regulatory delays are causing headaches for McNickel Inc. (COATS) which had hoped to start a major drill program last month on its Lac St. Jean copper-nickel prospect, 15 150 miles northwest of Quebec…