Toronto Stock Exchange Indices (May 07, 1990)
May 1 Apr. 30 Apr. 27 Apr. 26 Apr. 25 HIGH LOW Composite “300” 3334.13 3340.91 3336.08 3369.48 3343.17 4009.47 3334.13 Metals & Minerals 2880.00 2907.54 2899.28 2949.39 2888.84 3453.05 2850.84 Integra…
News
Corona increasing stake in Breakwater
With recent purchases of more than three million shares and an agreement to buy an additional 10 million shares, Corona (TSE) is increasing its stake in Breakwater Resources (TSE) to 27.6%. In a separ…
Ming’s Bight drilling put on hold by Corona
Using two machines, Corona (TSE), as operator, has now completed some 20,000 ft. of diamond drilling in 45 holes on the 7,000- acre Ming’s Bight gold property in the Baie Verte area of Newfoundland. C…
Adrain shareholders to vote on fate of SKI property
Shareholders of Adrian Resources (VSE) will be meeting June 27 to vote on a special resolution to option the company’s SKI project north of Stewart, B.C., to Prime Resources Group (VSE) and Stikine Re…
U.S.Report Lower sales, stock dilution cut Battle Mountain’s
A reduction in gold sales volumes and dilution from recent stock and debenture offerings were among the factors that combined to cut Battle Mountain Gold’s (TSE) first- quarter earnings. Battle Mounta…
FUTURES PRICES (May 07, 1990)
N.Y. Commodity Exchange 0210,0107,0008,0107,0008,0107,0008,0111, Week’s High Low Close Change COPPER (HG) (in US cents per lb.) May 123.40 118.70 122.10 + 6.60 June 118.00 114.00 117.30 + 5.30 July 11…
Montreal Exchange Drill holes disappoint
A languishing gold price and the threat of further economic slowdown are having a definite effect on the ME, where relatively light trading volumes continue. For the week ended May 1, daily volumes ra…
Toronto Stock Exchange Recession warnings keep volumes at lower
The warning bells that everyone has anticipated were sounded during the week ended May 1 when figures released by Statistics Canada revealed that Canada could be on the verge of an economic recession….
Australian Report Australian gold exploration declining
The Northern Territory government is considering a legal challenge to the Commonwealth government’s uranium policy. The Australian Labour Party (ALP), which was returned to office in the March 24 elec…
Stable exploration industry would draw students to mining
Over the past five years, there has been a steady and disturbing drop in the numbers of students entering (and graduating from) earth science programs in most Canadian universities. The Council of Cha…
Bethlehem moves onto newly opened Shining Tree mining claims
The first mining company to announce a stake in a band of newly opened claims near Cobalt, Ont., is Bethlehem Resources (TSE). Bethlehem, along with joint venture partner Northair Mines (TSE), staked …
Giant Yellowknife cuts cost of gold production during ’89
The gold output of Giant Yellowknife Mines (TSE) in 1990 is expected to be similar to 1989 but should be produced at a considerably lower cost, President Adrian Fleming said at the annual meeting. The…