Spot prices at a glance (April 17, 1989)
Price Week’s ($US) Change($) Gold* 384.15 –0.25 Silver* 5.82 + 0.02 Platinum* 527.50 + 2.75 Nickel** 6.58 — 0.44 Lead** …
News
News in Brief (April 17, 1989)
Cambria Resources has changed its name to On Wah Investments Corp. (ONW:VSE) on a share for share basis.
Gunsteel, Nu-Dawn work out innovative milling deal
Raising money to bring a small gold mine into production is no easy task for junior mining companies these days, which may account for the innovative arrangement worked out by Gunsteel Resources (VSE)…
Gold funds as of April 11
BGR Goldcorp Central MVP Capital Net value $12.03 8.95 6.46 0.72 Price $9.125 5.125 5.62 0.49 Discount $24.15 42.7 12.9 32 Value …
INSIDER TRADES (April 17, 1989)
Atlantis — M. Hogarth bought 700,000 (Dec., private) @ $1.10 to hold 870,000. Black Cliff — N. Kacira bought 248,416 (Mar., private) @27 cents , exercised 391,433 rights @ 36 cents -48 cents , sold …
Books in review
A book tracing the history of the Quebec mineral industry from its beginnings to the present, titled Des mines et des hommes, was recently published. “It’s the first time such a complete and detailed …
Metal Prices FUTURES PRICES (April 17, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr144.20 141.00 141.00 + 12.70 May143.90 139.35 140.00 + 11.80 Jul135.70 132.30 13…
Lawyers operating despite strike
A number of unionized workers employed at the Lawyers gold-silver mine in the Toodoggone region of northwestern British Columbia have walked off the job. Despite the legal strike, Paul Girard, preside…
Placer Dome’s Dona Lake close to full production
Placer Dome’s (TSE) Dona Lake gold mine near Pickle Lake, Ont., is nearing full production capacity with an official opening scheduled for early this summer. Three gold bars have been poured at the …
Teck takes position in Redfern Resources
While emphasizing that it’s not a proxy for Cominco Ltd. (TSE), Teck Corp. (TSE), Cominco’s largest corporate shareholder, has taken a small but significant position in Redfern Resources (VSE). Subjec…
Granges to continue drilling Gurney project
Encouraged by recent drill results from the Gurney project east of Flin Flon, Man., Granges Exploration (TSE) and partner Mid-North Resources (VSE) intend to step up the pace on the Manitoba gold proj…
Malartic bid for Gold Texas fails
Despite the fact its recent tender offer was unsuccessful, Malartic Hygrade Gold Mines (VSE) has not ruled out acquiring additional shares of Gold Texas Resources (VSE). Malartic has slightly under 20…