COATS unaffected by recent market swings
The Canadian Over-the-Counter Automated Trading System, or COATS, was largely unaffected by the recent share price swings experienced on other major stock exchanges during the week. COATS issues had b…
Articles by Northern Miner Staff
Metal Prices FUTURES PRICES (October 23, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct129.50 129.10 129.30 — 1.85 Nov– — 128.80 — 1.00 Dec129.80 127.10 128.30 + 0…
Takeover costs reduce earnings of Falconbridge
Expenses related to the recent takeover of Falconbridge Ltd. (TSE) led the major nickel producer to reduce its third-quarter earnings by $37 million. Noranda Inc. (TSE) and Swedish firm Trelleborg AB …
Metals Page: Lead holds its own in mixed metals market
The base metal cycle may have peaked and prices may be on their way down, but you couldn’t prove it by examining lead. The metal recently rallied in London, where it was trading for as high as 34 cent…
Corona disavows report it will acquire Stikine
Corona Corp. (TSE) disavowed the report — released over the Dow Jones news services — that it is in advanced negotiations to acquire the shares of Stikine Resources (VSE). Stikine recently appointed…
LAC buys 65% of Bond Gold, more than doubles gold output
Facing the spectre of being outpaced by an emerging generation of precious metal super producers, Toronto-based LAC Minerals (TSE) has announced it will take control of Bond International Gold (TSE) f…
Aur and Belmoral negotiate financing, milling deals
Gold-producer Belmoral Mines (TSE) and Aur Resources (TSE) have negotiated financing and custom-milling agreements which should help pick up the fortunes of ailing Belmoral. Aur has agreed to lend $4 …
Correction (October 23, 1989)
Contrary to information printed in a story in The Northern Miner last week, Dumont Nickel (ME) has not entered into a share exchange transaction with Sabina Resources (VSE) and Redaurum Red Lake Mines…
During 8 years of operating Pinson pays owners $100m
The Pinson gold mining operation near this small town has been a production and cash flow corner-stone for Rayrock Yellowknife Resources (TSE) since mining began in 1981. Despite its modest size, the …
Editorial The crash that wasn’t
The Toronto Stock Exchange’s main indicator, the TSE 300, dropped 142 points or 3.5 % on Friday the Thirteenth, but to hear brokers and market regulators talk, it was a non-event. The Dow Jones index,…
News in Brief (October 23, 1989)
Ontario Geological Survey, regional geological staff, Ontario geoscience research grant recipients and guest speakers will give presentations at the Ontario mines and minerals symposium Dec 11-13 at t…
Toronto Stock Exchange Volatility and fear take hold of markets
A bout of very scary trading has taken hold of the markets following the Friday the 13th crash which clipped almost 7% from the Dow Jones index in New York. In Toronto, the sell-off was followed by a …