INSIDER TRADES (May 08, 1989)
Borealis — R. & Ch Cox bought 101,900 (Mar.) @ $2.20, sold 16,350 @ $2.75 to hold 325,403. Colony Pacific — P. Geib bought 39,500 (Mar.) @ 95 cents to hold 303,500. Cons. Norex — Graymont Ltd. bou…
News
Gold funds as of May 2
BGR Goldcorp Central MVP Capital Net value $11.93 % 7.81 % 6.43% 0.68% Price $ 9.25 % 4.75 % 5.75% 0.42% Discount $22.46% 39.2 % 10.6% …
World uranium output up slightly in 1988
While the spot price of uranium continued its fall last year, world production of U3O8 in 1988 rose slightly to 96.8 million lb. A number of offsetting factors accounted for the increased world output…
Geddes to spend $10M
Toronto-based Geddes Resources (TSE) plans to spend $10.8 million this year on its Windy Craggy copper-cobalt-gold prospect in northwestern British Columbia. The aptly named Windy Craggy property is l…
Dickenson unaffected by take over
The takeover of Dickenson Mines (TSE) by Goldcorp Investments Ltd. of Toronto seems to have barely interrupted the operations of the gold producer. “It’s business as usual,” President John Kachmar tol…
Vancouver Stock Exchange Calpine recovers to lead slow week
Market activity in Vancouver slumped in the past week in response to declining gold prices and the continued use of high interest rates to keep the lid on inflation. The market remained stagnant at pr…
Former Wharf directors take home $1.3 million
Although Wharf Res. (TSE) almost doubled its net income in 1988, the company had to make substantial payments to some of its former officers. Wharf, which came under the control of Dickenson Mines (TS…
Flanagan, Echo Bay deal
Flanagan McAdam Resources (TSE) has entered into a private placement agreement with Echo Bay Mines (TSE) whereby Echo Bay will purchase 1.6 million Flanagan shares at a price of $2.50 per share. The $…
Muscocho, partners boost Jerome reserves
Reserves at the Jerome property north of Sudbury, Ont., have been increased to 600,000 tons averaging 0.2 oz gold per ton. The joint venture partners exploring the old Jerome Gold mine property report…
MSV seeks funds to bring Eastmain into production
The push is on to raise the $40 million needed to bring the Eastmain gold project in northern Quebec into production, MSV Resources (ME) reports. President Mario Caron says the directors of MSV have a…
Alberta Stock Exchange Trading lacklustre (May 08, 1989)
Listless trading was the order of the week as investors appeared to be digesting the contents of the recent federal budget. Baloil Lassiter lost ground, as did the other five volume leaders. Lassiter …
Roddy acquisition
A land position comprising 105 claims near the Copperstone gold mine of Cyprus Minerals near Quartzsite, Ariz., has been acquired by Roddy Resources (TSE). President Steven Harapiak told the annual me…