COATS Trading Features (February 27, 1989)
The total value of trades on COATS increased to more than $41 million last month, up from a low of $22 million during December. Asquith Resources was a busy trader this week with 79,000 shares changin…
News
Sphinx acquiring interest in Gordex
A $2.5-million debenture, convertible into common shares of Gordex Minerals (TSE) at 70 cents per share, has been acquired by Sphinx Mining (ME). The debenture will last five years and bear an intere…
High grade zinc find
A high grade zinc discovery has been made by partners VSM Exploration (ME) and Serem- Quebec, the Quebec government mining agency. Located 40 km northeast of Quevillon, Que., the discovery was made on…
Bunker Hill reactivates mine
Bunker Hill Mining (VSE) has reactivated the old Bunker Hill mine near Kellogg, Idaho. By year-end production had reached 700 tons per day and the company hopes to achieve 1,500 tons by mid-year. “Des…
Vancouver Stock Exchange Investors wait for better gold price
Although gold prices appear to have rebounded slightly from last week’s lows, brokers here say the yellow metal will have to show a sustained performance over the $400(US) level for investors to regai…
Toronto Stock Exchange Inflation fears boost golds during market
Traders faced another day of turbulent activity as the composite index lost another 28.2 pts to close at 3584.03 pts. Volume was 27.7 million shares. Unease as to the short- term direction of interest…
Bond Gold has good year
Bond International Gold (NYSE) reports second quarter net income of $13.3 million(US) for the period ended Dec 31. For the first half of the fiscal year net income was $15.2 million or 28 cents per sh…
Earnings Reports (February 27, 1989)
Bond International Gold (NYSE) reports second quarter net income of $13.3 million on revenue of $55.1 million. For the six months ended Dec 31, the company reports net income of $15.2 million(US) or 2…
Trader Res. encouraged by Ronnoco gold bet results
Toronto-based Trader Resource Corp. (TSE) is beginning to report some interesting results from the Ronnoco Gold Mines (COATS) property in the heart of the Timmins, Ont., camp. Under an agreement with …
Gracie-St Joe reserves upped
LAC Minerals (TSE) has increased reserves on two properties accessible from LAC’s Macassa gold mine near Kirkland Lake, Ont. Reserves on the Gracie and St Joseph properties are estimated at 337,400 to…
Rochester options Nevada bet to Billiton
Vancouver-based Rochester Minerals (VSE) has granted Billiton Minerals USA an option to earn a 70% interest in its Cherry Creek property located 60 miles north of Ely, Nev. Billiton Minerals is a unit…
Metal Prices FREE MARKET London Metal Exchange (February 27, 1989)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 21 Feb 20 Feb 17 Feb 16 Feb 15 Copper 1728-1730 1693-1695 1650.5-1652.5 1665-…