Spot prices at a glance (November 20, 1989)
Week’s Price (US) Change Gold* $390.50 +$ 3.55 Silver* $ 5.37 +$ 0.10 Platinum* $510.40 +$16.15 Nickel** $ 4.54 $ 0.13 Lead** $ 0.32 …
News
Editorial Getting information
The rules about insider trading were made so that directors, officers and others close to a company would not benefit from information to which the general public does not have access. It is a worthy …
FINANCING (November 20, 1989)
VANCOUVER Bellex Mining — gross proceeds rec $235,000. Dessir Res — 600,000 sold for gross $228,000. Goldcliff Res Corp — gross proceeds rec $240,000. Reg Res Corp — gross proceeds rec $146,946.60…
Northgate prevented by OSC from completing ABM merger
Toronto-based Northgate Exploration (TSE) has run into a potential road block en route to simplifying its complicated corporate structure and becoming an operating mining company. Last week, the Ontar…
Six gold mines close, six open while gold slumps
A year-long slump in the price of gold bullion has forced at least four Canadian gold mines to suspend operations during the past six months, while a similar number of new mines have come on stream ov…
European backers revive Carolin
A European syndicate has provided Carolin Mines (NASDAQ) with initial funding to investigate the possibility of re-opening the Ladner Creek gold mine near hope, B.C.. The company has already started t…
Three drills probing Metalore’s Brookbank
Three diamond drills are turning on the Brookbank gold property under option to Placer Dome (TSE) from Metalore Resources (TSE) in northwestern Ontario. Situated north of Beardmore, the 200-claim prop…
Prime mails offer to acquire Calpine
Shareholders of Prime Resources (VSE) and Calpine Resources (VSE) will be meeting Dec 14 to consider a transaction that would result in a merger of the two companies. If approvals are obtained, the me…
Study delayed at Guyana bet as Placer drills new zone
Recent drilling on a new zone at the joint venture of Placer Dome (TSE) and Golden Star Resources (TSE) in Guyana to indicates that the open pit operation will be much larger than originally anticipat…
Geological reserve estimate made for Buckhorn Mountain
Affiliated companies Crown Resources (NASDAQ) and Gold Texas Resources (VSE) recently announced a drill-indicated geological inventory of 4.3 million tons of 0.125 oz gold for the Buckhorn Mountain pr…
Metal Prices PRODUCER PRICES (November 20, 1989)
ALUMINUM: MW U.S. Market US75.75 cents – 77.75 cents per lb. (Nov 2, 1989). ANTIMONY: New York dealer US85 cents -90 cents per lb. (Nov 9, 1989). BISMUTH: New York dealer $4.60-$4.70(US) per lb. (Nov…
COATS (over-the-counter) Black Gregor active (November 20, 1989)
A large volume of Milestone Resources shares changed hands this week as the issue slipped by 1 cents to close at 24 cents after 51 transactions. The company released preliminary results from eight s…