Charlim financing
A private placement of 3.3 million flow-through shares by Charlim Explorations (VSE) will allow the company to fund exploration on mineral prospects in Ontario and Quebec. The placement was completed …
News
Alberta Stock Exchange Kingswood leader
Investor attention focused on the Val d’Or, Que., region this week as market watchers waited for more results from the massive sulphide discovery of Aur Resources and Societe Miniere Louvem. All of th…
BIG shareholders to meet in January
Bond International Gold (TSE) has delayed its annual meeting of shareholders, originally scheduled for this month, until Jan 10, 1990, in order to give its new majority shareholder LAC Minerals (TSE) …
People (November 13, 1989)
PIONEER METALS — The new board of directors consists of Stephen Sorenson, chairman; Dr Stewart Blusson, vice-president, exploration; and Wayne Smith.
Timmins hits
Another strong intersection has been drilled by Timmins Nickel (TSE) on the company’s Redstone nickel mine property near Timmins, Ont. The company has been drilling deep holes designed to test the min…
FUTURES PRICES Metal Prices (November 13, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov– — 113.85 — 2.10 Dec115.00 114.30 114.35 — 3.90 Jan114.00 113.70 112.15 …
Minera Rayrock increases reserves at Chilean deposit
Drilling by Minera Rayrock (TSE) has added another two million tons of reserves to the company’s Ivan copper deposit in Chile. Reserves have been recalculated to 5.8 million tons grading 2.4% copper. …
Snip viable only if Iskut River road is built
A green light for road access into the Iskut River gold camp of northwestern British Columbia is likely to mean approval for the Snip gold deposit. According to Prime Resources (VSE), which has a 40% …
Mazarin subsidiary
Quebec-based junior Societe d’Exploration Miniere Mazarin (ME) is taking on a subsidiary to allow it to focus its attention on the LAC Knife graphite project near Fermont, Que. The subsidiary, Petro G…
Third quarter boosts Pioneer bottom line
Third-quarter earnings for Pioneer Metals (TSE) reached $355,000 or 1 cents per share for the period ended Sept 30. This reduces the company’s loss to $816,000 or 4 cents per share for the nine mont…
Montreal Exchange Mining issues shine (November 13, 1989)
Resource issues, responding to the rising price of gold, staged a recovery this past week. The mining and minerals index climbed a respectable 56 points, in contrast to the general market portfolio in…
HudBay’s profit up
Strong copper and zinc prices resulted in improved earnings for Hudson Bay Mining and Smelting, the 100%-owned company of Inspiration Resources (NYSE). For the quarter ended Sept 30, Hudson Bay earned…