Spot prices at a glance (November 27, 1989)
Week’s Price (US) Change Gold*$406.60+$16.10 Silver*$ 5.80+$ 0.43 Platinum*$532.50+$22.10 Nickel**$ 4.35$ 0.19 Lead**$ 0.30$ 0.02 Copper$ 1.12–$ 0.07 Zinc$ 0.63$ 0.03 Courtesy of Scotiabank….
News
No blasting necessary Photo by The Northern Miner
About 35 prominent mining men came out to Howden Canada’s manufacturing plant in Scarborough, Ont., recently to witness the official unveiling of a tunnel-boring machine, designed specifically for har…
Toronto Stock Exchange Indices (November 27, 1989)
1989 Nov 21Nov 20Nov 17Nov 16Nov 15HIGH LOW Composite “300” 3933.613947.533957.573946.023968.664037.833353.13 Metals & Minerals 3362.203385.633403.613371.453418.023919.203207.50 Integrated mines 3500…
PDAC plans symposium to precede convention
The Prospectors and Developers Association of Canada will hold a symposium on computer treatment of exploration and mining data at Metro Toronto Convention Centre, March 9-10, 1990. Also available at …
Westmin earnings dip
Earnings for Vancouver-based Westmin Resources (TSE) dropped to $1.1 million for the third quarter from $4.1 million the previous year. After preferred dividends are accounted for, the company lost 8 …
Gold funds as of Nov 21
MVP BGR Central Capital Net value $12.14 $6.23 $0.52 Price $11.875 $6.00 $0.30 Discount 2.18% 3.7% d 42.3% Value $72,273,853 $104,818,631 …
Horsham changes vote
Shareholders of Horsham Corp. (TSE), the holding company which controls American Barrick Resources (TSE), have approved an increase in the number of votes attached to multiple voting shares held by ch…
Inco opens Crixas
Inco Gold, a wholly owned affiliate of Inco Ltd. (TSE), poured the first gold from its Crixas gold mine in Brazil. Designed to process 360,000 tonnes of ore per year to yield 120,000 oz of gold, the C…
Galactic considers Taiwanese bid for Summitville mine
Summitville, the troubled mine most associated with Galactic Resources (TSE), is up for sale. A Taiwanese company has made Galactic an offer to purchase the mine, which began production in 1986. “We a…
Prospectors welcome adjustments to GST proposal
The Prospectors and Developers Association of Canada says it is pleased that the Goods and Services Tax (GST) draft legislation released on Oct 13, addresses a serious concern of the association. Acco…
Placer Dome/Tundra drill Val d’Or bets
Three drills are at work on the McKenzie Break group of properties held by joint venture partners Placer Dome (TSE) and Tundra Gold Mines (VSE) near Val d’Or, Que. Situated 15 miles northeast of Val…
VSM, Serem double reserves at Grevet M find
VSM Exploration (ME) and partner Serem Quebec have more than doubled reserves at their Grevet M property in Quebec. Following the completion of exploration work to the end of October, the partners hav…