INSIDER TRADES (October 31, 1988)
Anderson Expl. — BC Sugar Refinery bought 164,706 (Sept, private) to hold 3,684,848. Kerr Addison bought 392,157 (Sept, private) to hold 6,202,281. Atlantic Goldfields — A. Howe sold 257,000 to hold…
News
ERG opens huge tailings project (October 31, 1988)
An ambitious 17-year mine tailings project which could see the recovery of 110,000 oz gold during the first full year of operation in 1989 has been officially placed into production by ERG Resources (…
Futures Prices Metal Prices
N.Y. Commodity Exchange Copper (in UScents per lb Oct 141.00 139.10 139.40 +1.40 Dec 137.50 130.50 134.40 +6.60 Jan 132.00 130.00 128.40 — Silver (in US cents per oz) Oct …
Toronto Stock Exchange Small but steady gains help index advance
A spate of buying has crept back in the markets as evidenced by the steady gains in the composite index. Today’s 5.67-pt advance moved the composite to 3,430.15 pts — up 50 pts for the week. Today’s …
HudBay may shut down without government help
South African-controlled Inspiration Resources (TSE) of New York is playing hardball with the Manitoba and federal governments over a $130-million modernization plan for the metallurgical complex in F…
Cassiar Mining profit boosted by purchase of Similco mine
With its recently acquired Similco copper mine (N.M., Oct 10/88) contributing $5.9 million to third quarter earnings, 1988 is shaping up to be a very profitable year for Cassiar Mining (TSE). Net earn…
FINANCING (October 31, 1988)
ONTARIO Eagle Egy — final rec iss offer max 13,000,000 & min 10,000,000 @ $1 per sh to net max $12,090,000 & min $9,300,000. VANCOUVER Eros Res — 400,000 sold for gross $160,000. Gulderand Mng — …
CIL restructured by Imperial
C-I-L Inc has been restructured by its parent Imperial Chemical Industries PLC. The move includes the establishment of a world explosives business headquarters in Canada. ICI purchased a 27% interest …
Falconbridge profit
Falconbridge Ltd (TSE) realized earnings of $87 million or $1.16 per share for the third quarter ended Sept 30. This compares with earnings of $19 million or 26 per share realized in the same period …
Updated Reserve Report In Progress for Ketza River
A detailed reserve report update is being compiled by consultants Derry, Michener, Booth & Wahl for the Ketza River gold project in the Yukon Territory. Project operator Canamax Resources (TSE) expect…
Minorco drops takeover bid for Cons Gold Fields
A $6.1 billion hostile bid for Consolidated Gold Fields PLC has been dropped by Minorco SA following the British government’s decision to investigate the deal’s effect on the strategic metals markets….
An American role model
New Democratic Party leader Edward Broadbent’s barely disguised glee at the Liberal Party’s woes leading up to this general election are understandable. But when he solemnly declares that Canada might…