Total options properties near Douay project
Some exploration results reported recently from Vezza and Douay townships in northwestern Quebec have persuaded Vancouver-based oil and metals explorer Total Energold (TSE) to move into the region. Ac…
News
Letters to the Editor `Carte blanche’ for insider traders
I was quite disturbed with your editorial “Showdown at the VSE” (April 16/90). I publish one of the few investment newsletters in the U.S. devoted to the Canadian investment scene. The very reasons yo…
Muscocho agreements
At a recent public hearing, the Ontario and Alberta securities commissions ruled that Muscocho Explorations (TSE), Flanagan McAdam Resources (TSE) and McNellen Resources (TSE) be exempted from issuer …
COATS (over-the-counter) Windy up 50 cents
Shares of Windy Mountain Explorations responded positively to confirmation of a large, low- grade copper discovery on the MacLeod Lake property north of Chibougamau, Que., jumping 50 cents to close at…
Franco-Nevada’s 1990 plans focus on Hemlo gold claims
An after-tax profit of $3.5 million reported recently by Franco- Nevada Mining (TSE) was attributed by the company to a royalty held on American Barrick Resources’ (TSE) Goldstrike gold mine in Nevada…
Giant, Pamorex set production date at Nighthawk Lake
Commercial production on the Nighthawk Lake property near Timmins, Ont., will be under way within two years, according to a recent agreement between Giant Yellowknife Mines (TSE) and property owner Pa…
Pay contract terms of Childers leaked
The president of Potash Corp. of Saskatchewan has a 5-year contract which pays him $700,000 per year. Details of C.E. Childers’ salary agreement with the Saskatchewan government were recently leaked t…
Ontario prospectors to get $30 million in exploration incentives
Ontario has allocated $30 million in incentives for mineral exploration in the province over the next three years. Provincial Treasurer Robert Nixon included the allocations in his 1990-91 budget unve…
No plans to close producing mine, Skyline says
Gold producer Skyline Gold (TSE) has no plans to close its wholly owned Johnny Mountain mine in the Iskut River camp of northwestern British Columbia. Skyline President William Price said rumors of an…
Spot prices at a glance (April 30, 1990)
Week’s Price (US) Change Gold* $374.80 + $0.10 Silver* $5.02 — $0.07 Platinum* $480.75 + $2.75 Nickel** $4.29 + $0.36 Lead** $0.37 — $0.01 Copper- $1.22 Zinc $0.80 + $0.06 Courtesy of Scotiabank. In…
Montreal Exchange: Prices in decline (April 30, 1990)
The decline continued on the ME, with the market portfolio down more than 61 points and the mining and minerals index off by more than 92 points for the week ended April 24. Daily trading volumes were…
The Inco barometer
If there’s one company that is synonymous with Canada’s mining industry, it’s Inco. That’s not to say that the nickel producer represents all things about Canadian mining. It doesn’t. Looking at Inco …