Vista looks at non-mining deals
Vista Mines (TSE) plans to diversify out of the mining business. Following a change in management earlier this year, Vista is negotiating to acquire a company in another business area. In the mining a…
News
Owenbrook to drill
Owenbrook Resources (COATS) plans to complete about 1,500 ft of diamond drilling this year on its Hawkins Twp., Ont., gold property. Other than this planned work, the company has generally been inacti…
CORRECTION:
Contrary to what was reported in the June 26 issue of the Northern Miner, a unit of Crown Butte Resources (VSE) is under way with a $1.5 million(US) drill program on the New World property in Montana …
Metal Prices FUTURES PRICES (July 10, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul103.70 100.80 101.00 — 4.80 Sep101.80 99.80 100.45 — 3.45 Dec100.50 98.65 …
Eanrings Report
A first-quarter loss of $633,225 (US) or 4 cents per share was reported by Bunker Hill Mining (VSE). In the same period last year the company lost $752,286 or 6 cents per share. At the end of the qua…
IOCC GOLD OPTIONS (July 10, 1989)
Options Open Series Volume Last Interest Aug 370 C * 94 14.00 720 Aug 380 C * 260 9.00 1,870 Aug 390 C * 159 5.00 1,831 Aug 400 C * 1,552 2.60 2,889 Aug 420 C * 59 …
Copper conference
The Metals Week copper conference will be held Dec 11-12, 1989 in La Costa California. Entitled “Preparing for the Worst,” the conference will look past the current booming market for copper to examin…
Reno hosts Gold ’89
The World Gold ’89 conference will be held in Reno, Nev., Nov 5-8, 1989. The theme will be breakthrough processes in exploration and gold metallurgy. Topics of discussions will include gold mine plann…
Nesbitt M & A chart
A chart of merger and acquisitions in the mining industry which was published in the June 19 issue of The Northern Miner, is available from its author Julian Baldry, a mining analyst with Nesbitt Thom…
Louvem shareholders reject special plan
Societe Miniere Louvem (TSE) said a plan of arrangement proposed to its holders of Series A First preferred shares was rejected by approximately 96% of the common shareholders who recently attended a …
Analyst sees metals shortage following recession in 1989
Investors who have enjoyed the latest upswing in base metal prices should be ecstatic in the 1990s when prices are again set to peak, according to securities firm Nesbitt Thomson Deacon. Nesbitt, whic…
Agnico deal with North American
Agnico-Eagle Mines (TSE) has acquired an option to earn a 51% interest in the Vezza gold deposit and surrounding lands controlled by North American Rare Metals (ME) and Dundee-Palliser Resources (TSE)…