COATS Trading Features (April 03, 1989)
Trading was quiet on COATS this week, but one issue that stood out was Hanson Mineral Exploration with a volume of more than 350,000 of its shares traded at a high of 70 cents . Following an amalgamat…
News
Octan seeks financing for Bonanza silver bet
Calgary-based Octan Resources (ASE) is attempting to arrange the necessary financing for a 3-year program at its Great Bear Lake silver claims 250 miles northwest of Yellowknife, N.W.T. Last fall, Oct…
Editor’s Note A PIONEER
Franc R. Joubin can say, as few others can, that he has lived “an endless chain of dramatic adventures.” Joubin fathered more than 10 mines and prospected in 60 countries. He’s been shot at and robbed…
Corona sole owner of boric acid project
A 100% interest in the Fort Cady colemanite property in California has been acquired by Corona Corp. (TSE). Corona, which had an 80% interest, said it has purchased the 20% interest in the project hel…
Metal Prices FREE MARKET (April 03, 1989)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 28 Mar 27 Mar 24 Mar 23 Mar 22 Copper 1915-1920 N/A N/A 190…
Teeshin, MacDonald plan to amalgamate
An agreement in principle has been reached between Teeshin Resources (VSE) and MacDonald Mines Exploration (COATS) regarding a proposed amalgamation of the two companies. The directors of both firms h…
Rambler joint venture busy on several fronts
A major exploration program at the Rambler joint venture property on Newfoundland’s Baie Verte Peninsula is nearly 75% complete, report partners Petromet Resources (TSE) and Newfoundland Exploration (…
Short-term outlook bullish for pricy zinc
Look for high prices for zinc to hold up at least for a while longer, say a couple of analysts. Raymond Goldie of the investment firm Richardson Greenshields says the short-term outlook for zinc, whic…
Sonora bets on turnaround at Jamestown gold project
Even though Sonora Gold Corp. (TSE) recently announced a $50.6- million write-down in the carrying value of its Jamestown gold mine in California, the company remains optimistic about the future of th…
Inco Gold wants production growth
Inco Gold, a unit of the giant Sudbury nickel miner Inco Ltd., (TSE) has its sights set on becoming a major player in the world’s gold fields. Established in 1987 as an unincorporated business unit, t…
CoCa Mines reports decline in earnings
Earnings of $184,500(US) or 2 cents per share were realized by CoCa Mines Inc. (NASDAQ) from revenues of $13.58 million for the year ended Dec 31. The Denver-based company reported net income of $2.23…
Battle Mountain buys offshore gold reserves
As part of an aggressive exploration and acquisition foray into the international arena, Battle Mountain Gold (TSE) has acquired a stake in two separate gold mining ventures which it expects will prov…