Editorial Cuts to VIA are long overdue
If there was ever a public expenditure ready to be cut, it is the subsidy paid out to keep VIA Rail on track. Yet the cuts announced by the federal government have already met with howls of protest. I…
News
Windy Mountain reports McLeod Lake results
More significant assay results have been released from a drill program under way on Windy Mountain Explorations’ (COATS) MacLeod Lake property north of Chibougamau, Que. Results from the first four ho…
Montreal Exchange Record-high index
It was a long climb, but the Montreal Exchange’s general market portfolio index this holiday- shortened week rose to a new high, despite a downturn by resources issues. The market portfolio, up 22.5 p…
Nevada Goldfields reports net loss
For the fiscal year ended June 30, Nevada Goldfields (TSE) reports a net loss of $15 million, compared with a net income of $2.8 million a year earlier. The loss includes a combined writedown of $8.2 …
News in Brief (October 16, 1989)
Azora Minerals has changed its name to International Azora Minerals Inc. (IAZ:VSE) on a 1-new-for- 4-old share basis. Transfer agent is Montreal Trust Company.
Mt. Milligan focus of lawsuit betweeen PB and Continental
The Mt. Milligan bulk tonnage gold-copper project near Fort St. James, B.C., has become the focus of a legal dispute between joint venture partners, Continental Gold (VSE) and BP Resources Canada. BP …
People (October 16, 1989)
SIEMONT RESOURCES–Charles P. Neild appointed president.
Armistice plans new drill program
A 10,000-ft drilling program is planned by Armistice Resources (ME) for its Virginiatown, Ont., gold property, shareholders were told at the recent annual meeting in Toronto. The drilling, to cost $75…
Bill Roscoe lecture
Bill Roscoe of Roscoe Postle Associates will deliver a talk Oct 19 on mining property values and the 1987 stock market crash. The event, jointly sponsored by The Canadian Institute of Mining and Metal…
Metal Prices PRODUCER PRICES (October 16, 1989)
ALUMINUM: MW U.S. Market US79.500 cents – 81.00 cents per lb. (Oct 5, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…
Bond International takes big loss
A combination of recent asset sales and writedowns have taken their toll on Bond International Gold (TSE) which has reported a big loss for its fiscal year ended June 30. The company recently reported…
Spot prices at a glance (October 16, 1989)
Week’s Price (US) Change Gold*$360.40–$ 5.65 Silver*$ 5.05–$ 0.18 Platinum*$480.30–$11.40 Nickel**$ 4.72–$ 0.17 Lead**$ 0.33–$ 0.01 Copper$ 1.30 Zinc$ 0.76 Courtesy of Scotiabank. Informa…