Spot prices at a glance (November 13, 1989)
Week’s Price (US) Change Gold* $386.95 +$13.35 Silver* $ 5.27 +$ 0.10 Platinum* $494.25 +$ 7.00 Nickel** $ 4.67 –$ 0.15 Lead** $ …
News
Rio Algom increases stake in Pan Orvana
Resource giant Rio Algom (TSE) increased its stake in privately held Pan Orvana Resources through a private placement of 500,000 common shares priced at $1.10 per share. The purchase brings Rio Algom’…
LAC expands White River holdings
Toronto-based LAC Minerals (TSE) has expanded its land holdings east of the Hemlo gold camp in northern Ontario. The company has staked at least 650 new claims near White River, Ont., while at the sam…
Callahan losses total $3.3 million
Arizona-based Callahan Mining (NYSE) is reporting a loss of $3.3 million(US) or 43 cents per share for the first nine months of 1989. The company reported a loss of $1.89 million or 25 cents per sha…
Corona renewing option at Varna’s Mings Bight
An exploration program conducted by Corona Corp. (TSE) on Varna Gold’s (ASE) Mings Bight property in Newfoundland is focusing on two separate gold zones about 150-300 ft apart. As part of its plan to …
Platinum assays imminent from Platinova/Corona bet
While they are still waiting for the remaining assay results from drilling on a gold-platinum group metals project in Greenland’s eastern coastline, Corona Corp. (TSE) and partner Platinova Resources …
operating Canada’s Mines From Africa to Baffin Island, Nanisivik
“Living in the Canadian High Arctic is a unique experience,” says W.H. McNeil, manager at Nanisivik Mines. Born in central Africa, he is a professional mining engineer with worldwide 0000,0600 experi…
Corona supports Goldbelt
Gold producer Corona Corp. (TSE) is planning to invest $1.21 million in Goldbelt Mines (VSE), a junior company controlled by Mike Muzylowski and Douglas McRae. According to Goldbelt, Corona is making …
Miniere du Nord drills new targets
New targets on its No 1, 2 and 3 Lozeau Twp. claims east of Matagami, Que., are undergoing drilling, Explorations Minieres du Nord (ME) reports. President Jean-Jacques Martel reports the drilling foll…
Cassiar reorganization gets nod
Shareholders of Cassiar Mining (TSE) voted overwhelmingly in favor of a reorganization to make one of its subsidiaries the parent of the Cassiar group of companies. Although the transaction is still s…
FUTURES PRICES Metal Prices (November 13, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov– — 113.85 — 2.10 Dec115.00 114.30 114.35 — 3.90 Jan114.00 113.70 112.15 …
Minera Rayrock increases reserves at Chilean deposit
Drilling by Minera Rayrock (TSE) has added another two million tons of reserves to the company’s Ivan copper deposit in Chile. Reserves have been recalculated to 5.8 million tons grading 2.4% copper. …