Gold Funds (January 16, 1989)
BGR Goldcorp Central MVP Capital Net value $11.86 8.74 6.73 N/A Price $ 9.125 6.00 5.75 N/A Discount 23.06% 31.3% 14.6% N/A…
News
Montreal Exchange Action picks up
A better showing by investors during the week pushed the general market portfolio index ahead by more than 58 pts and the mining and minerals index to a gain of more than 63 pts. Daily trading volumes…
Metal Prices PRODUCER PRICES (January 16, 1989)
ALUMINUM: MW U.S. Market $1.12-$1.13 per lb. (Dec 29, 1988). ANTIMONY: New York dealer 96 -$1.01 per lb. (Dec 22, 1988). BISMUTH: New York dealer $6.55-$6.75 per lb. (Dec 22, 1988). CADMIUM: New York …
Shareholders launch proceedings against Quartz Mountain
Several individual shareholders of Quartz Mountain Gold Corp. (TSE) have initiated court proceedings against the company by filing a petition in the British Columbia Supreme Court, with a second group…
X-Cal to drill Snowbird gold bet
A winter drill program is scheduled to begin this month on X-Cal Resources’ (TSE) Snowbird gold property in central British Columbia. The first phase of the program will test the “North zone,” where 1…
Wawa link to gold mines going ahead
Surveying and clearing work will proceed this winter on a road to link Wawa and Dubreuilville to the Kremzar and Magino gold mines, Northern Development Minister Rene Fontaine said. “I believe that th…
Editorial Rationalizing Canadian Coal Markets
If coal is such a hard sell these days, why not convert the energy contained in the rock into a form that is more salable? Two coal mining companies in British Columbia’s Elk Valley, for example, ar…
Vancouver Stock Exchange Gold issues boost market
A renewed interest in the market is generating better than anticipated trading volumes and accounting for a decidedly upbeat mood on the VSE as the new year begins. Despite gold and platinum’s lacklus…
Metal Prices (January 16, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper (pounds sterling per tonne) Date Jan 10 Jan 9 Jan 6 Jan 5 Jan 4 Copper 1862-1867 …
Toronto Stock Exchange New Year’s rally continues to make advances
A New Years rally continues to gain momentum adding another 24.12 pts to the composite index which closed at 3468.54 pts. Both the gold and metals indices advanced. Golds picked up 32.52 pts to close …
Alberta Stock Exchange Borealis takes a dive
The general market malaise which pervaded the investment world for much of 1988 appears to be continuing into the new year. Volumes picked up slightly from the low levels of recent weeks, but there wa…
Drilling resumes on Golden Heart deposit
Diamond drilling by partners Tyler Resources (TSE), Golden Rule Resources (TSE) and Cameco — A Canadian Mining and Energy Corp. has resumed on the newly discovered Golden Heart deposit located at Wee…