Corona disavows report it will acquire Stikine
Corona Corp. (TSE) disavowed the report — released over the Dow Jones news services — that it is in advanced negotiations to acquire the shares of Stikine Resources (VSE). Stikine recently appointed…
News
Spot prices at a glance (October 23, 1989)
Week’s Price (US) Change Gold*$368.10+$7.70 Silver* $5.13+$ 0.08 Platinum*$487.00+$ 6.70 Nickel**$ 4.71–$ 0.01 Lead**$ 0.35+$ 0.02 Copper$ 1.32+ 0.02 Zinc$ 0.75–$ 0.01 Courtesy of Scotiabank. In…
Canadians develop taste for poison pill concept
Almost a year after Toronto- based Inco Ltd. (TSE) became the first Canadian company to adopt a shareholders’ rights plan, also known as a poison pill, the concept is beginning to catch on. As they se…
IOCC GOLD OPTIONS (October 23, 1989)
Options Open SeriesVolumeLastInterest Nov 360 C .6913.502,920 Nov 370 C .1675.002,016 Nov 380 C .2022.003,111 Nov 400 C .900.602,501 Feb 370 C .8415.00 250 Feb 380 C .1589.90 640 Feb 390 C .776.00 54…
FMC to explore Getchell’s Rock Creek property
An exploration agreement has been signed between Vancouver- based Getchell Resources (VSE) and FMC Gold (NYSE) in order to continue exploration and development work on the company’s Rock Creek propert…
COATS (over-the-counter) Dayton sheds 65 cents
The shares of Dayton Porcupine Gold Mines took a big drop this week, shedding 65 cents to close at $1.75 on six transactions. The company operates the Ross mine east of Timmins, Ont. Ore at that unde…
Major company may acquire Uranium Resources
A non-binding letter of intent is setting the stage for an undisclosed major public company to acquire all the outstanding shares of Uranium Resources (TSE). The proposed transaction was announced by …
Gold funds as of Oct 17
MVP BGR Central Capital Net value $11.61 $5.84 $0.57 Price $10.50 $5.62 $0.26 1/2 Discount 9.56% –3.7% 53.5% Value $69,138,767.60 $ 98,241,933 N/A…
Letters to the Editor Western Copper independent of Teck
In the Oct 2, 1989, issue of The Northern Miner, you carried an article headlined “Thermal, Teck combine on Yukon copper oxide deposit.” I’d like to clear up some misunderstanding which the emphasis o…
Toronto Stock Exchange Indices (October 23, 1989)
1989 Oct 17Oct 16Oct 13Oct 12Oct 11HIGH LOW Composite “300” 3904.153927.293870.744012.434008.484037.833353.13 Metals & Minerals 3527.103601.703465.753652.943662.153919.203207.50 Integrated mines 3685….
Cominco drills to 1,600 ft at Tul;sequah Chief mine
The 1989 exploration program by Cominco Ltd. (TSE) at the Tulsequah Chief mine in northwestern British Columbia has now tested the Tulsequah mineral horizon to a vertical depth of 1,600 ft below the l…
People (October 23, 1989)
CONS CHURCHILL — Steven Simony-Gindele appointed president and chief executive officer succeeding Gunter Deinert.