Spot prices at a glance (April 03, 1989)
Wednesday, Mar. 29 Price Week’s ($US) Change($) Gold* 383.30 –10.10 Silver* 5.83 –0.23 Platinum* 523.50 –21.15 Nickel** 7.17 –0.18 Lead** 0.27 Co…
News
Toronto Stock Exchange Firm U.S. buck and high rates keep traders
Another day of directionless trading took hold of the market as the composite index remained essentially unchanged at 3560.90 pts — up 0.15 pts. Volume was a lacklustre 19.29 million shares. High int…
Burnt Timber viable
A pre-feasibility study has concluded that the Burnt Timber gold deposit, owned by LynnGold Resources (TSE) and Trans America Industries (VSE) is economically viable. Located near LynnGold’s MacLellan…
Editorial (April 03, 1989)
The cost of mining in Ontario is about to go up a notch, and some of the province’s small gold mines will likely suffer most. Unwilling to follow the example set by their base metal brothers by inve…
Metal Prices FUTURES PRICES (April 03, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr 138.90 — 4.80 May 138.10 136.10 137.40 + 2.60 Jul 130.30 128.70 129.90…
FINANCING (April 03, 1989)
VANCOUVER Digger Res Inc — 600,000 sold for gross $270,000. TSA Expls Ltd — gross proceeds rec $500,000. Agristar Inc — 4,000,000 offered @ $1.497 per sh. Int’l Brace Res — 600,000 shs offered @ 4…
American Platinum drilling on Angle Bay
A follow-up drill program is planned by American Platinum (VSE) on the company’s Angle Bay platinum group metals (PGM) project, near Lac des Iles, Ont. The four-to-five-hole program, expected to begin…
Federal-provincial MDAs include extra year for compiling
Five provinces may have thought the 5-year Mineral Development Agreement (MDA) they signed with the federal government in 1984 expired at the end of March, but in reality the agreements have a sixth y…
50 YEARS AGO TODAY IS A WORLD WAR ON THE HORIZON?
Nobody knows with certainty, but everybody is interested in the possibility. If war comes, what then? In the first instance, it would be recognized that such a war would not break on an unprepared wor…
Canamax to sell Hundere prospect for $10 million
A $10-million offer for its Mt. Hundere zinc-lead-silver project in the Yukon was too good to be refused by Toronto-based Canamax Resources (TSE). After outlining 5.2 million tonnes of grade 18.5% com…
Corona declares write-down for Nickel Plate project
Major North American gold producer Corona Corp. (TSE) decided to declare a write-down of $108 million in 1988 after revising ore reserves at its Nickel Plate mine in southern British Columbia. Last ye…
IOCC GOLD OPTIONS (April 03, 1989)
Options Open Series Volume Last Interest May 390 C * 40 12.00 593 May 400 C 1,026 4.20 4,184 May 420 C * 251 1.50 2,918 May 440 C * 130 0.40 2,736 Aug 400 C * 68 …