Societe Miniere Louvem declares dividend
Societe Miniere Louvem (TSE) says that under an arrangement approved before Christmas, it will pay out a 0.935 cents dividend to preferred shareholders of record on Feb. 26. The arrangement between ma…
News
Flexibility key to Placer Dome exploration strategy
In terms of gold production, Placer Dome (TSE) surpassed the 1-millionth-oz. level for the first time ever in 1989. While that’s good news for shareholders, it also means the company has to replace th…
Obituary J.G. `Jim’ Powley
J.G.”Jim” Powley, vice-president of Midland Capital Corp. and a broker well known in Toronto’s mining circles, died suddenly March 4. He had just turned 50. Powley, a professional accountant who becam…
News in Brief (March 12, 1990)
Valentine Gold Corp. has changed its name to Point Resources Ltd. (PTZ:VSE) on a 1-new-for-10-old-share basis. Transfer agent is Central Guaranty Trust Co. NA6…
Vancouver Stock Exchange Stikine spurs activities
The continued slide in the price of gold has not deterred Vancouver players from taking part in a shopping spree this past week. Although gold fell about US$4 to the US$404-level, the Vancouver Stock …
Gold investors keeping a close eye on unfolding events in South
Having sat in numerous South African cricket grounds (nearby if not actually next to blacks) for the privilege of watching the West Indies Geriatric XI, the Sri Lankan third XI or the English Getting …
Teck earnings up marginally
Earnings for the year ended Dec. 31 were up over the previous year for Teck (TSE). Net earnings for the period were $106 million on revenues of $414 million versus the previous year’s earnings of $105…
Potash prices, lower output impact on Denison earnings
Weakened potash markets and reduced production in its oil and gas divisions had a negative impact on the financial results reported by Toronto-based Denison Mines (TSE). The company had a loss of $3.4…
`Use it or lose it’ concept raises ire of junior company
Drafting the regulations that will govern assessment work rates in Ontario is proving to be a controversial exercise. At least one junior exploration company has accused the Ontario government of adop…
Inco US subsidiary in Alaska gold deal
American Copper & Nickel (ACNC), a subsidiary of Inco’s (TSE) U.S. wing, has entered into a joint venture agreement with Silverado Mines (VSE) to develop Silverado’s Ester gold property in Alaska. Whi…
Platinum bars
The New York Mercantile Exchange (Nymex) may soon be adding platinum bars stamped with the hammer and sickle of the Soviet Union to its trading inventory. The Soviet agency responsible for exporting t…
FUTURES PRICES (March 12, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 123.50 119.20 120.25 + 8.35 Apr 117.50 117.50 117.35 + 8.45 May 117.40 114.25 115.35 + 8.60 SILVER (in US cen…