Gold funds as of June 6
MPV BGR Central Capital Net value 11.25 % $ 6.01% $0.57 Price $ 9.625% $ 5.38% $0.41 Discount $ 15.94% 10.6% 28% Value …
News
Glimmer, Noranda deal
Glimmer Resources (VSE) has optioned a gold prospect to Noranda Exploration, the exploration arm of Noranda Inc. (TSE). The 13-claim property is in Hislop and Beatty twps., Ont. Glimmer has also signe…
Metal Prices FUTURES PRICES (June 12, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun106.40 106.40 106.50 — 7.10 Jul109.10 106.70 107.30 — 7.20 Sep107.90 106.00 1…
News in Brief (June 12, 1989)
Nickling Resources has changed its name to Florin Resources Inc. (FLN:VSE) on a 1-new-for-3-old share basis. Transfer agent is Central Guaranty Trust Company.
Rio averts strike at tin mine
Mine workers at Rio Algom’s tin mine in Nova Scotia have voted 90% in favor of accepting a 2-year contract. The agreement, the first between mine management and the United Autoworkers of America, give…
Toronto Stock Exchange Gold sector heated up by bullion rally
A $13 surge in the price of gold did wonders for the beleaguered gold and silver index which advanced by more than 320 pts — or about 6%. Turmoil in China and the death of Iran’s Ayatollah were two o…
COATS McNickel lower
Toronto-based McNickel Inc. slipped 20 cents lower to close at $3.30 on a volume of 21,500 shares this week. The company expects to have drills turning soon on its Lac St. Jean, Que., nickel-copper pr…
Placer drills Oneida bet
Placer Dome Inc. (TSE) has assumed management of the Mexican Hat project in Arizona from Oneida Resources (VSE). Placer has an option on the property giving it the right to earn a 60% interest by maki…
Thompson, Quebec Cobalt to form single company
Shareholders of Consolidated Thompson-Lundmark Gold Mines (TSE) and Quebec Cobalt and Exploration (ME) recently approved an amalgamation of the two companies. The two juniors are related in that they …
Midas acquisition provides cash flow
Midas Minerals (TSE) has acquired what few junior mining companies have — cash flow. The company, via a subsidiary company McKendry Quarries Ltd., has purchased the business and assets of limestone p…
Prospectors welcome court ruling
A Supreme Court of Ontario ruling on claims staking is being interpreted as favorable news for prospectors. Two claims in northwestern Ontario staked by Ray Ramsay in 1986 were cancelled a year later …
Skyline Gold goes it alone with $2 million program
Financially embattled Skyline Gold Corp. (TSE), which owns and operates the Johnny Mountain gold mine in the Iskut River region of British Columbia, has terminated discussions aimed at finding a purch…