COATS trading features (December 05, 1988)
It was another quiet week for mining issues on COATS. Exxeter Resources says it is negotiating a private placement through Packard Group Inc. of New York to fund exploration on its Quebec and Nevada g…
News
China will host 1990 World Mining Congress
A call for papers has been issued by the organizing committee of the 14th World Mining Congress and Exhibition. “Mining for the future — trends and expectations” is the theme of the congress which wi…
Calpine Winter Drill Program In Full Gear
Encouraged by the impressive results of an earlier 6-hole diamond drill program, Calpine Resources (VSE) is now in full gear with its winter diamond drill program on the Eskay Creek project located no…
Editorial Questionable ethics
Big business has been on the ropes lately, taking a beating for its perceived lack of ethics. Practitioners of capitalism, so the argument goes, follow no moral code whatsoever, save that of total sel…
Metal Prices (December 05, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Nov 29 Nov 28 Nov 25 Nov 24 Nov 23 Copper …
Ivanhoe makes private placement in War Eagle
A private company founded by Robert Friedland, president of Galactic Resources (TSE), and Eric Friedland recently made a $1.2 million private placement in War Eagle Mining (VSE), which owns the War Ea…
INSIDER TRADES (December 05, 1988)
Aquagold — S. Reed bought 19,200 (Sept,Oct) @ $1.00-1.25 to hold 65,000. Atlantis — M. Hogarth bought 55,600 (Oct) @ 95 to hold 200,000. Aurizon — R. Hughes sold 50,500 (Oct) at 40 -53 to hold 41…
Noranda bides time in pursuit of more Falconbridge shares
Wanting to give the impression it is in no hurry, Noranda Inc. (TSE) says it now intends to make normal course purchases of up to 10% of the common shares of Falconbridge Ltd. (TSE) during the next si…
Record quarter for Coeur D’Alene Mines
Lower production costs and increased gold output at the Rochester mine were factors which contributed to a record third quarter for Coeur D’Alene Mines. The company reported third- quarter income of $…
Innovation rewarded at Redpath
During 1987, the innovation committee at J. S. Redpath Limited was established to evaluate ideas presented by employees. Since that time, many gold and silver coins have been awarded as well as dinner…
Cambior gets 30% of Nova-Cogesco
Cambior Inc (TSE) has made an offer to acquire between 30% to 60% of all the shares of Nova- Cogesco Resources (ME) at $1.50 per share. Cambior, which owns about 3.8% of the company, wants to increase…
Rebound in metal prices helps commodity index
An increase in metal and forest product prices offset declines in crude oil and agricultural prices during October and helped Scotiabank’s all-commodity price index advance by 0.9% from the previous m…