Teck setting stage for possible Aur takeover
Teck Corp. (TSE) and Vancouver-based Cominco Ltd. (TSE) have purchased 19% of the issued common shares of Aur Resources (TSE) for $35.47 million and secured a foothold in Aur’s massive sulphide discov…
News
Alberta refuses to lift Shabu cease trading order
Shares of Shabu Gold Mines (ASE) cannot resume trading on the Alberta Stock Exchange until officers of the company file a new prospectus, the Alberta Securities Commission has ruled. After a 3-day hea…
Spot prices at a glance (July 31, 1989)
Week’s Price(US) Change Gold* $371.50 –$ 8.00 Silver*$ 5.21 –$ 0.01 Platinum* $492.00 –$ 7.50 Nickel** $ 5.87 +$ 0.25 Lead** $ 0 .31 –$ 0.01 Copper $ 1…
NEVADA GOLDFIELDS
Alan R. Bell appointed president and a director succeeding both Robert F. Baldock, president, and Dr. Gerald D. Wright, director, who have resigned.
Magma makes deal for concentrates
A contract has been entered into by Magma Copper (AMEX) with Compania Minera de Cananea of Mexico City, Mex., for the purchase of about 154,000 tons copper concentrates during the first year of a mult…
News in Brief (July 24, 1989)
Calvada Resources (CVH:VSE) has changed its transfer agent to Central Guaranty Trust Corp.
Spot prices at a glance (July 24, 1989)
Week’s Price (US) Change Gold*$371.50–$ 8.00 Silver*$ 5.22–$ 0.03 Platinum*$499. 50–$ 9.00 Nickel**$ 5.62+$ 0.18 Lead**$ 0.32+$ 0.01 Copper$ 1.15+$ 0.03 Zinc$ 0.76+$ 0.01 Courtesy of Scotiaba…
Books (July 24, 1989)
Coal Resources of Canada — Published by The Geological Survey of Canada in co-operation with the Canadian Government Publishing Centre. An overview of Canada’s coal resources in terms of their potent…
Gold funds as of July 18
MPV BGR Central Capital Net value $11.98 $ 6.10 $0.57 Price $10.38 $ 6.00 $0.35 Discount 13.36% 1.6% 38.6% Value $71,322,699.97 …
Tumbler Ridge hosts coal operator conference
The fourth Coal Operators Conference will be held Sept 13-14, 1989 at Tumbler Ridge, B.C. Papers have been solicited from operating mines and tours of the Quintette and Bullmoose operations have been …
Drilling nears completion at Bitech’s Nugget Pond (July 24, 1989)
With a phase II drilling program nearly 90% complete on its Nugget Pond gold property in Newfoundland, Bitech Corp. (ASE) expects to release final results of the work program by month end. Drilling re…
Sphinx plans to heap leach surface ore at Duvay bet
Montreal-based Societe Miniere Sphinx (ME) is joining a growing list of Canadian companies who are attempting to mine gold profitably using heap leaching methods. While the inexpensive mining method h…