Toronto Stock Exchange Indices (December 04, 1989)
1989 Nov 28 Nov 27 Nov 24 Nov 23 Nov 22 HIGH LOW Composite “300”3928.003930.703933.483915.773920.554037.833353.13 Metals & Minerals3353.313339.243342.523337.663351.963919.203207.50 Integrated mines…
News
Sikaman, partner plan placer gold project in Ghana
A joint venture agreement has been entered into between Sikaman Gold Resources (TSE) and ITM International for development of the former’s two placer gold mining concessions in Ghana, West Africa. ITM…
Toronto Stock Exchange LAC share volumes soar on takeover talk
Furious trading in the shares of LAC Minerals, fuelled by talk of a takeover, led the issue to the top of the most active list. Activity during three days ended Nov. 29, today, saw more than 7.6 milli…
Managing Canada’s Mines Mining has meant trael for Lawyers’
“Working in the mining industry has enabled me to travel widely, learn a foreign language (Spanish) and meet many interesting and unique people,” says V.E. Smith, operations manager of the Law0000,050…
Goldpost, Mining Corp. finalize Hislop sale
An agreement has been finalized between Goldpost Resources (TSE) and Mining Corp. of Canada for the sale of Goldpost’s Hislop West gold property in northern Ontario. Situated east of Timmins in Hislop…
Minorco rumor follows heavy trading in LAC
Speculation that Minorco, the Luxembourg-based mining house, is accumulating shares of LAC Minerals (TSE) in a takeover bid, has sparked a wave of buying in the latter company’s shares on The Toronto …
Audrey financials reflect Mobrun ore
Audrey Resources (TSE) of Rouyn-Noranda, Que., reported net income of $1.03 million or 10 cents per share for the nine months ended Sept 30, compared with $602,880 or 7 cents per share for the same …
Moss Res. named after Moss’ McKelvey
In your edition of Oct 2, 1989, you ran an interesting article regarding the derivation of names of a number of junior resource companies. Included was the name of Moss Resources whose origin was attr…
Durga President deals Allan bet to own company
Calgary-based Durga Resources (ASE) recently agreed to acquire from President Jasi Nikhanj, a Northwest Territories gold prospect which was optioned recently by Noranda Exploration. Situated 60 miles …
NDU ups reserves at Marg property
Recent drilling increased reserves on the Marg property, owned 66.7% by NDU Resources (VSE) and 33.3% by Cameco. The latter company is owned by the federal and Saskatchewan governments. The deposit, i…
Earnings jump for Equity Silver
Increased production and lower production costs boosted earnings for Equity Silver (TSE) for the nine months ended Sept 30. Earnings reached $12.4 million or 38 cents per share on revenues of $69 m…
Gold mining in Nova Scotia hinges on success at Orex
Westminer (Canada) may have made a strategic error when they abruptly dropped an option on the Logan gold property here in November, 1988. Their sudden departure, after spending $5 million on drifting…