Horsham shares trade on New York exchange
Common shares of Toronto- based Horsham (TSE), the company that controls American Barrick Resources (TSE), were listed for trading recently on the New York Stock Exchange. In addition to a 22% stake i…
News
Granges sets budget for 1990 exploration
A budget of $7 million has been set by Granges (TSE) for exploration in Canada this year. In addition, the company’s 59% owned subsidiary, Hycroft Resources & Development (TSE), plans to spend a furth…
Toronto Stock Exchange Soaring bullion prices whipsaw gold index
Gold came back with a vengeance today, Jan. 24., as investors unloaded bonds and equities and sought the refuge of bullion. The trading added more than $8 to the price of an oz. of gold which was set …
Ventex spending $1 million for Manitoba gold-silver-zinc bet
Ventex Energy (VSE) has signed an agreement to acquire a 100% interest in the Sylvia gold-silver- zinc property, 75 miles southeast of Flin Flon, Man. The property vendors are Mingold Resources, a pri…
Spot prices at a glance (January 29, 1990)
Week’s Price (US) Change Gold* $413.75 +$3.15 Silver* $ 5.28 +$0.05 Platinum* $500.10 +$3.85 Nickel** $ 2.78 $0.49 Lead** $ 0.32 Copper $ 1…
Black Hills ban confounds mining community
The sudden and unexpected announcement that minefinders might soon become outcasts in the Black Hills of South Dakota has angered some explorationists. It doesn’t help that operating mining companies …
Custom milling agreement, next step for Stratabound
Finding someone willing to custom mill ore from the CNE zinc- lead-silver property near Bathurst, N.B., appears to be the next logical step for Stratabound Minerals (ASE). After releasing the last bat…
Toronto Stock Exchange Indices (January 29, 1990)
1989 Jan. 23Jan. 22Jan. 19Jan. 18Jan. 17HIGH LOW Composite “300”3812.683801.513865.073857.393872.274009.473801.51 Metals & Minerals3090.563068.083115.733143.113137.043453.053068.08 Integrated mines…
Metal Snips (January 22, 1990)
Low uranium prices — below US$10 per lb on the spot market — have wiped out the mining of that mineral in New Mexico. The state, which had 55 uranium mines in 1978, saw its last such mine close rece…
Gold funds as of Jan 16 MVP
BGR Central Capital Net value $12.63 $6.27 $0.47 Price $ 9.00 $6.38 $0.42 Discount 28.74% 1.7% 12% Value $75,199,971 $105,526,136 N/A…
Accord with Yemen
Canada has recently signed a 5-year agreement with the Yemen Arab Republic, which provides for co-operation between the two governments in the earth sciences and mining. The agreement will also create…
American Copper
The American Copper Council will sponsor its eighth biennial Copper College at Sheraton El Conquistador Resort in Tucson, Ariz., March 2-7. The theme of Copper College ’90 is “The past, present and fu…