Market slump bring bargains for buyers
Recession woes may have people tightening their belts and investors wary of the stock markets, but economists at the International Bank Credit Analyst say mid-1991 will “see a bottom in world equity m…
News
Explorationists downplay report on Canadian exploration activity
The president of the Prospectors and Developers Association of Canada (PDAC) is downplaying a recent federal government report on the state of mineral exploration in Canada. Robert Ginn says the explo…
Nevada flexes regulatory muscle with hefty fine
Echo Bay Mines (TSE) was recently forced to pay one of the stiffest fines ever levied against a mining company in the State of Nevada. After more than 1,000 birds were killed while drinking from the t…
Toronto Stock Exchange Indices (November 19, 1990)
Nov. 13 Nov. 12 Nov. 9 Nov. 8 Nov. 7 HIGH LOW Composite “300” 3135.08 3119.97 3077.42 3060.55 3071.14 4009.47 3009.91 Metals & Minerals 2593.85 2587.88 2523.81 2492.87 2502.63 3453.06 2502.63 Integrat…
NovaGold options more lead-zinc claims
Following its success on the Sewell Brook lead-zinc property in New Brunswick, NovaGold Resources (TSE) has optioned another 27 claims, 25 km east of its recent discovery. NovaGold says the Sears Lake…
U.S. REPORT Newmont Australia in BHP takeover
An affiliate of Newmont Mining (NYSE), Newmont Australia, recently acquired control of BHP Gold Mines from BHP’s parent, Broken Hill Pty. Co. of Australia, in a stock swap. Newmont Australia purchased…
ALBERTA STOCK EXCHANGE Ontex active
The final round in Ontex Resources’ court battle against TSE-listed Metalore was being fought during the report period ended Nov. 13 as lawyers from each side presented their final summaries at the tr…
Placer Dome’s earnings benefit from sale of Canadian oil and gas
The sale of Canadian oil and gas assets gave Placer Dome (TSE) a large boost to its 1990 third-quarter and 9-month earnings. The major company received $288.5 million from the sale of its oil and gas …
GOLDFUNDS2 (November 19, 1990)
Gold funds as of Oct. 16 MVP BGR Central Capital Net value $10.01 $5.54 $0.28 Price $9.25 $5.125 $0.14 Discount 7.59% 7.5% 50.0% Value $59,611,946 $86,224,538 N/A…
Northgate writes off value of remote Colomac gold mine
Northgate Exploration’s (TSE) affiliate NorthWest Gold (AMEX) recently declared a $149.5-million writedown on the carrying value of its remote Colomac gold mine in the Northwest Territories. While the…
Aurora to drill Best Chance
A 4-hole reverse circulation drill program is planned for the Best Chance copper property by junior Aurora Gold (VSE). Aurora has the right to earn a 100% interest in the Yukon property from Hudson Ba…
Montreal Exchange Agnico reports find
News of a gold discovery near the producing Eagle/Telbel mining project of Agnico-Eagle Mines in the Joutel, Que., area helped shares of the company to jump by $1.25 to $7. The company traded 263,400 …