FINANCING (September 10, 1990)
Agnico-Eagle Mines Limited — 3,200,000 shs and 1,600,000 wts offered @ $8.625 per unit. American Barrick Resources Corporation — 5,000,000 shs offered @ $24.50 per sh. International Suneva Resources…
News
EDITORIAL PAGE Canadian nickel
In a previous issue (T.N.M., Sept. 3 /90) we reported on a U.S. government publication that suggested Sherritt Gordon might be a customer for nickel concentrate from the undeveloped low- grade Six Mil…
Home Lake stakes claims in Eastmain
Toronto-based Home Lake Resources (COATS) has staked 100 claims in the Eastmain River region of northern Quebec. The claims lie six kilometres southwest of the main zone of mineralization discovered b…
Samatosum profits fall short of Rea Gold’s expectations
Although profit from the Samatosum mine owned 30% by Rea Gold (TSE) came in below expectations, it would be difficult to call the numbers disappointing. Operating profit from the mine accruing to Rea …
Toronto Stock Exchange Indices (September 10, 1990)
Sept. 4 Sept. 3 Aug. 31 Aug. 30 Aug. 29 HIGH LOW Composite “300” 3333.27 Holiday 3346.25 3329.83 3339.72 4009.47 3329.85 Metals & Minerals 3027.19 Holiday 3046.71 3027.32 3020.76 3453.06 2850.84 Integ…
PEOPLE BILLITON METALS CANADA
Andrew Flett appointed president succeeding Leo Halliday. Billiton holds significant interest in Les Mines Selbaie in Quebec and is the operator of the Blende zinc exploration project.
PEOPLE LONDON METAL EXCHANGE
John Wolff appointed chairman.
PDAC participates in national geoscience mapping program
Earlier this year, the Geological Survey of Canada (GSC) announced a series of program enhancements and new directions. Included was the proposed National Geoscience Mapping Program (NATMAP). The prog…
Placer to buy BP’s 30% stake in Mt. Milligan for $79 million –
The Mt. Milligan gold-copper project north of Prince George, B.C., appears to be well on its way into the hands of major mining company, Placer Dome (TSE). Having secured an agreement to buy a 30.16% …
Metal Prices FREE MARKET (September 10, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date September 4 September 3 August 31 August 30 August 29 Copper 1539-1565 — 1557-1559 …
Gold rally runs out of steam
The Persian Gulf crisis this summer had an immediate, positive effect on the world’s gold and oil markets, but of late the Iraqi invasion of Kuwait could be said to have added only to the trading vola…
U.S. REPORT N.A. Metals deals with Homestake
A US$12-million forward sale of gold to Homestake Mining (NYSE) has been arranged by North American Metals (VSE). The transaction, which will involve about 39,000 oz., is on terms similar to a $31-mil…