Fifteen employees at the Holt-McDermott mine northeast of Kirkland Lake, Ont., have just been laid off. Mine owner American Barrick Resources (TSE) attributes the layoff to a reduction in development …
Gordon Bongard, former senior vice-president of Nesbitt Thompson Deacon Inc. and past governor of The Toronto Stock Exchange, appointed director. N5…
Week’s Price (US) Change Gold* $346.20 + $3.10 Silver* $ 3.84 + $0.09 Platinum* $363.00 + $0.60 Nickel** $ 3.16 + $0.04 Lead** $ 0.28 – $0.01 Copper $ 1.09 – $0.02 Zinc $ 0.62 – $0.01 Courtesy of Scot…
Flag Resources (ASE) is selling 200,000 shares of affiliate Golden Briar Mines (ME) to the public through the Montreal Exchange at a price of 7 cents per share. Proceeds from the offering will be used…
Future producer Aurizon Mines (TSE) has adopted a Shareholder Rights Protection Plan designed to discourage unfair takeover attempts. The plan, similar to other “poison pills” adopted by Canadian publ…
Before the 1987 market crash, predictions that gold would exceed US$1,000 per oz. were thrown about with ease. Remember the Aden sisters, and the lineups to buy gold at US$800? These days, though, it …
RFC Resource Finance (TSE) says it plans to issue an unsecured 7% convertible debenture to Minnova (TSE) for $6.6 million, maturing in 10 years. Interest at 7% per annum will accrue for the first thre…
The Ontario Securities Commission’s proposed new rules for marketing low-cost speculative securities by dealers who are not members of The Toronto Stock Exchange or Investment Dealers Association, I a…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept. 15 Sept. 14 Sept. 11 Sept. 10 Sept. 9 Copper 1289-1290 1279-1280 1242-1243 121…
ALUMINUM: MW U.S. market US59.25-59.75 cents per lb. (Sept. 3, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 199…
A private company incorporated in the British Virgin Islands, Barnwell Investments Ltd., has an agreement with Northgate Exploration (TSE) to acquire more than 5.6 million shares of MSV Resources (ME)…
The Canadian Mining Hall of Fame has released the names of 17 nominees eligible for the next induction in Toronto on Jan. 11, 1993. The eight successful nominees will be announced before year-end. The…
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