News in Brief (March 13, 1989)
Richmark Resources has chnaged its transfer agent to pacific Corporate Services.
News
Corona takes write-down on Nickel Plate project
Consolidated earnings of $26.5 million (16 cents per share), before unusual and extraordinary items, on operating revenues of $187.5 million were reported by Corona Corp. (TSE) for the 15-month period…
Metal Prices PRODUCER PRICES (March 13, 1989)
ALUMINUM: MW U.S. Market 97 cents – $1.00(US) per lb. (Feb 16, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.40-$6.60(US) per lb (Feb 16, 1989)….
Industry looking to extend the exploration momentum
If the Prospectors and Developers Association of Canada (PDAC) wanted to get one message across at its 1989 convention, it was that a healthy Canadian mining industry is one characterized by a vibrant…
Spot prices at a glance (March 13, 1989)
Price Week’s ($US) Change($) Gold* 393.10 + 7.00 Silver* 5.90 — 0.06 Platinum* 538.85 + 3.35 Nickel** 8.35 — 0.18 Lead** 0.27 Copper- 1.57 + 0…
Commodity index reaches new high
Helped along by metals prices, Scotiabank’s all-commodity price index rose by 1.8% in January. The index reached its highest level in the current business cycle and stands 7.6% above the 1980 peak in …
Pegasus increases stake in Pioneer Metals
U.S. gold producer Pegasus Gold (TSE) has further increased its equity position in Pioneer Metals (TSE). With the acquisition of 296,504 additional units that became available through the additional s…
Momentum builds in Bathurst for base metals exploration
Momentum in New Brunswick’s base metals exploration and mining industries is building. So much so that Robert Stairs, president of the only assay office in the city of Bathurst, is drafting plans to d…
Vancouver Stock Exchange Base metals rekindle interest
Strong zinc and copper prices together with gold’s recent improved performance served to rekindle interest and trading activity in diversified metal producers and exploration companies over the past w…
Chevron has $8 million for Goldquest properties
The large property holdings of Goldquest Exploration (TSE) in northern Ontario’s Red Lake gold camp will soon be the focus of a major exploration effort by a new joint venture partner. The Toronto-bas…
COATS Trading Features (March 13, 1989)
Downward was the general direction taken by many COATS-traded mining issues this week. Chance Mining & Exploration has settled back down to the 43 cents -48 cents range after reaching a high of 76 ce…
Letter to the Editor Industries promote racial understanding
I refer to your Feb 13 editorial “A tenuous connection,” in which you analyze the morality of the Bank of Nova Scotia’s loan to Minorco (Luxembourg). You point out that curtailing dealings with South …