Nesbitt M & A chart
A chart of merger and acquisitions in the mining industry which was published in the June 19 issue of The Northern Miner, is available from its author Julian Baldry, a mining analyst with Nesbitt Thom…
News
Soil replacement for Murdochville
The Mines Gaspe division of Noranda Minerals has some “beautification” plans for its home base of Murdochville, Que. The company, over a 5-year period, hopes to restore residential land by correcting,…
B.C. miners dig deep for children’s hospital
More than $280,000 was raised for the Vancouver Children’s Hospital recently by the British Columbia mining community. Entitled “Mining for Miracles,” the campaign involved the efforts of mining compa…
Market anticipates results of Aur, Louvem drill holes
If market activity is any indication, results expected this week from the Aur Resources (TSE), Societe Miniere Louvem (TSE) massive sulphide project in Val d’Or, Que., should be encouraging. As operat…
Vancouver Stock Exchange Mishibishu claims dominate trading
Signs that gold prices are on an upward trend provided some encouragement for investors and brokers during the past week. While trading still remains generally sluggish, many expect that if gold price…
Diepdaume financing
Diepdaume Mines (VSE) is planning to issue up to 250,000 units, representing 500,000 flow-through shares (one unit consists of two shares), at 60 cents per unit, subject to regulatory approval. The c…
Louvem shareholders reject special plan
Societe Miniere Louvem (TSE) said a plan of arrangement proposed to its holders of Series A First preferred shares was rejected by approximately 96% of the common shareholders who recently attended a …
Analyst sees metals shortage following recession in 1989
Investors who have enjoyed the latest upswing in base metal prices should be ecstatic in the 1990s when prices are again set to peak, according to securities firm Nesbitt Thomson Deacon. Nesbitt, whic…
Frontier, Beaufield deal
High Frontier Resources (VSE) has optioned 144 claims in Louvicourt, Pascalis and Vauquelin twps., Que., from Beaufield Resources (TSE). The claims are in the general vicinity of the Aur-Louvem base m…
Spot prices at a glance (July 10, 1989)
Week’s Price (US) Change Gold*$378.40 $ 4.65 Silver*$ 5.26–$ 0.04 Platinum*$508.10+$ 3.00 Nickel**$ 5.53+$ 0.11 Lead**$ 0.30 $ 0.00 Copper$ 1.11–$ 0.04 Zinc$ 0.76—- Courtesy of Scotiabank. I…
Monique jumps 21 cents
Volume leader, once again, was Societe Miniere Louvem which recovered from a stumble late last week to close at $4.35. Louvem’s recent annual meeting drew a fullhouse as shareholders clamored for info…
Metal Prices PRODUCER PRICES (July 10, 1989)
ALUMINUM: MW U.S. Market 87.50 cents – 90.00 cents per lb. (June 15, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $6.00-$6.10(US) per lb. (Jun…