Alberta Stock Exchange Borealis in free fall
The difference that a year can make to the trading price of a resource issue is currently being demonstrated by Borealis Exploration. After trading at around $19 last January, the tightly held Boreali…
News
McFinley looks for partner as rights offering tabled
Short of cash and under threat of takeover, Toronto-based McFinley Red Lake Mines (TSE) is looking around for a joint venture partner to assist in completing a bulk sample at its Bateman Tw gold proj…
Step-out hole hits new copper mineralization At Sheep Creek
Buoyed by good results from recent diamond drilling on the Sheep Creek copper project in Montana, Cominco Resources International (TSE) is accelerating its $1.4 million 1989 exploration program. The p…
Toronto Stock Exchange Volumes and indices decline in quiet trading
A week of directionless trading was capped with a small 2.61-pt loss which moved the composite index to 3622.13 pts. Rising interest rates have dampened investor enthusiasm which was reflected in toda…
Hope Brook mill 4-week shutdown could hurt output
Milling operations at the Hope Brook Gold (TSE) mine in Chetwynd, Nfld., resumed recently after the company completed modifications to its effluent treatment facilities. But general manager Bill Fothe…
Vancouver Stock Exchange Brokers still bullish on gold
Just when it seemed gold was firming up nicely, the yellow metal backed off several dollars at press time and effectively put the damper on hopes gold issues would soon get off the back burner. Base m…
Metals Prices Futures Prices
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar145.00 140.70 144.60 — 5.50 May138.50 133.50 138.30 — 5.70 Jul132.00 126.60 …
INSIDER TRADES (March 20, 1989)
Agnico-Eagle — M. Drutz bought 36,000 (Dec., Jan.) @ $11.63-$12.88 to hold 37,000. Atlantic Goldfields — Waverley Asset Mgmt sold 1,836,000 (Feb., private) @ $1.10 to hold 568,233. Belmoral — Belmo…
Search for base metal deposits in Canada can’t be ignored
New base metal discoveries are needed if Canada is to maintain its position as a major supplier of such minerals to world markets, says a federal government officer with Energy, Mines and Resources Ca…
Metal Prices (March 20, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 14 Mar 13 Mar 10 Mar 9 Mar 8 Copper 1860…
Atlantic halts merger plans, buys 23% Jascan stake instead
Backed by a new controlling shareholder, directors of Atlantic Goldfields (COATS) have decided not to go ahead with a proposed merger of the company with Jascan Resources (TSE). Instead Atlantic annou…
Inco, Knight discovery
A new gold discovery has been made on the Casa Berardi property held by Inco Gold and Golden Knight Resources (TSE). Located in northwestern Quebec, the discovery is 1,600 ft northeast of the Casa Ber…