Spot prices at a glance (December 11, 1989)
Week’s Price (US) Change Gold* $402.05 –$ 8.70 Silver* $ 5.54 –$ 0.07 Platinum* $498.75 –$16.60 Nickel** $ 3.92 –$ 0.25 Lead** …
News
Thunderwood/Greenstone to drill base metal property in Quebec
Joint venture partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) are planning a $600,000 exploration program this winter on their Scott Lake zinc-copper property near Chibougamau, Que…
Westminer to start Gays River mill
Zinc and lead production is scheduled to begin in January, 1990, from the Gays River project owned by Westminer Canada, the 100% owned affiliate of Western Mining, an Australian mining company. The st…
Toronto Stock Exchange Gold shares rebound after bout of profit-
Gold bullion prices went on a rollercoaster ride this week but managed to stay above the psychologically important $400(US) mark. Today’s second fix today, Dec 6, was $402.85 in London. The bout of vo…
Placer Dome eyes gold project in Tanzania
An advanced gold project in northern Tanzania, East Africa, has caught the eye of Placer Dome (Kahama), a wholly owned subsidiary of Placer Dome (TSE). The Placer Dome subsidiary recently signed an ag…
Cominco copper deal
Cominco Resources International (TSE) and parent company Cominco Ltd. (TSE) have signed a definitive agreement with ENAMI, a Chilean company, for the development of the Quebrada Blanca copper deposit …
Events surrounding Aur, Louvem back to June ’87 subject of dispute
The pre-trial phase of what could be a lengthy court battle involving Aur Resources (TSE) and Societe Miniere Louvem (TSE) began in Montreal recently. Officials from both companies will give evidence …
Crown-Gold Texas merger approved
Shareholders of Gold Texas Resources (VSE) voted 96% in favor of a merger with Crown Resources (NASDAQ). Gold Texas shareholders will receive 1.43 Crown shares for each Gold Texas share, bringing the …
Inco considers sale
At the request of the Indonesian government, Inco Ltd. (TSE) will consider a public offering to sell 20% of P.T. International Nickel Indonesia, owned ** by Inco. ** The of…
Tandem buys shares
Tandem Resources (ME) has purchased 1.37 million common shares of Ayrex Resources (ASE) for 20 cents per share. The transaction raises Tandem’s interest in the company to 56%.
Gold output up at Sonora’s Jamestown
Some of the operating problems experienced by Sonora Gold (TSE) at its Jamestown gold mine in California appear to have been overcome, as evidenced in the company’s recent third-quarter report. Produc…
Vista Mines bankrupt
Vista Mines (TSE) has declared bankruptcy. The company will be sharing the fate of its predecessor, which failed in 1984 after building a small 125-ton-per-day mill known as the Rio gold mine near Cre…