Gold Commissioner upholds title to Eskay claims
Ken McKenzie was dealt a major blow in his ongoing bid to challenge title to the TOK 3-6 mineral claims which underlie a strategic portion of the valuable Eskay Creek gold property north of Stewart, B…
News
GOLD FUNDS (January 28, 1991)
BGR Central Net value $9.29 $5.33 Price $7.88 $5.000 Discount 15.18% 6.2% Value $55,332,299 $84,121,500…
IOCC GOLD OPTIONS (January 28, 1991)
Options Open Series Volume Last Interest Feb. 380 C 389 11.20 894 Feb. 390 C 618 7.00 1,793 Feb. 400 C 1,457 4.00 2,758 Feb. 410 C 1,160 3.50 2,418 Feb. 420 C 575 2.50 3,203 Feb. 430 C 297 1.80 975 Fe…
Lower prices hurt Curragh earnings
Net earnings of $32 million for 1990 were reported by Curragh Resources (TSE), compared with a profit of $60.7 million for the previous year. The company said sales of lead and zinc concentrates incre…
U.S. REPORT Kennecott gets OK for Wisconsin mine
The Flambeau copper deposit in Rusk Cty., Wis., has finally been granted the production go-ahead by Wisconsin’s Department of Natural Resources. Flambeau Mining, a unit of Kennecott, hopes to be shipp…
NEWS IN BRIEF Stratabound Minerals
The Caparo Group of London, England, has increased its stake in Stratabound Minerals (ASE) to 698,167 shares or about 19.4% of the latter company’s outstanding shares. Caparo, a private United Kingdom…
Cominco discovers large copper-gold porphyry in Alaska
Just when it seemed junior companies were stealing the limelight in making discoveries, a unit of Cominco (TSE) announced it had discovered a porphyry-style copper-gold deposit at its Pebble Beach pro…
Lawsuit against Goldcorp dismissed
A legal action commenced in 1989 in the Massachusetts district court against Toronto-based Goldcorp Investments (TSE) was recently dismissed by the presiding judge for the case. A spokesman for Goldco…
EDITORIAL PAGE The wasted potential of COATS
The transfer of authority for Ontario’s over-the-counter securities market from the Ontario Securities Commission to The Toronto Stock Exchange dooms unlisted stocks in the province to a feeble market…
Bakertalc, International Larder agree to amalgamate
Two companies active in the industrial minerals field, International Larder Minerals (TSE) and Bakertalc (TSE), have agreed to amalgamate. For Bakertalc, a talc producer, the amalgamation will provide…
Gold Hawk funding
Montreal-based Consolidated Gold Hawk Resources (ASE) reports that CGH (1990) Mineral Exploration Partnership has raised $243,000 in a recent flow-through financing for which the partnership will rece…
TSE tries to curb buybacks
The Toronto Stock Exchange has asked companies not to announce stock buybacks if they do not intend to purchase any of their own shares. The request was made as part of an attempt by the TSE to reduce…