News in Brief (December 05, 1988)
City Gold Corp. has changed its name to ExtraCare Corp. (EXT:ASE) on a share-for-share basis.
News
Innovation rewarded at Redpath
During 1987, the innovation committee at J. S. Redpath Limited was established to evaluate ideas presented by employees. Since that time, many gold and silver coins have been awarded as well as dinner…
Corona Corp.
Corona Corp. (TSE) has acquired 389,121 common shares of Breakwater Resources (VSE) pursuant to a private agreement. These share combined with the 3,869,900 common shares of Breakwater already owned b…
Spot prices at a glance (December 05, 1988)
Week’s Price (US) Change Gold (per oz) $421.30 -$ 3.35 Silver (per oz) $ 6.07 -$ .04 Platinum (per oz) $602.00 -$34.00 Copper (per lb) $ 1.54 +$ .01 Lead…
Record quarter for Coeur D’Alene Mines
Lower production costs and increased gold output at the Rochester mine were factors which contributed to a record third quarter for Coeur D’Alene Mines. The company reported third- quarter income of $…
Noranda bides time in pursuit of more Falconbridge shares
Wanting to give the impression it is in no hurry, Noranda Inc. (TSE) says it now intends to make normal course purchases of up to 10% of the common shares of Falconbridge Ltd. (TSE) during the next si…
People (December 05, 1988)
MINING AND METALLURGICAL SOCIETY OF AMERICA — Sir Alistair Frame will receive this year’s gold medal which is traditionally awarded for conspicuous professional or public service in advancing mining,…
INSIDER TRADES (December 05, 1988)
Aquagold — S. Reed bought 19,200 (Sept,Oct) @ $1.00-1.25 to hold 65,000. Atlantis — M. Hogarth bought 55,600 (Oct) @ 95 to hold 200,000. Aurizon — R. Hughes sold 50,500 (Oct) at 40 -53 to hold 41…
Ivanhoe makes private placement in War Eagle
A private company founded by Robert Friedland, president of Galactic Resources (TSE), and Eric Friedland recently made a $1.2 million private placement in War Eagle Mining (VSE), which owns the War Ea…
Metal Prices (December 05, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Nov 29 Nov 28 Nov 25 Nov 24 Nov 23 Copper …
Editorial Questionable ethics
Big business has been on the ropes lately, taking a beating for its perceived lack of ethics. Practitioners of capitalism, so the argument goes, follow no moral code whatsoever, save that of total sel…
China will host 1990 World Mining Congress
A call for papers has been issued by the organizing committee of the 14th World Mining Congress and Exhibition. “Mining for the future — trends and expectations” is the theme of the congress which wi…