FINANCING (July 18, 1988)
ONTARIO Golden Mink — final rec iss offer 500,000 @ 50 cents per unit to net $250,000. VANCOUVER Cross Lake — 400,000 sold for gross $200,000. Footwall — 500,000 sold for gross $250,000. Keefer –…
News
Metal Prices FUTURES PRICES (July 18, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul 97.25 95.85 96.25 — 4.25 Sep 92.60 91.20 9…
Metal Prices FREE MARKET (July 18, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date July 12 July 11 July 8 July 7 July 6 Copper 1271-1272 1302-1303 1348-1350 1350-1355 1315-1320 Lead 35…
INSIDER TRADES (July 18, 1988)
Barron Hunger Hargrave — J. Hargrave sold 190,500 to hold 4,156,700. S. Hargrave sold 56,000 to hold 2,377,200. Cuvier — J. Lundrigan bought 30,000 to hold 170,000. Echo Bay — R. Lecler c sold 4,60…
News in Brief (July 18, 1988)
A new gold showing has been located on New Beginning’s (VSE) 51-claim University River property in the Mishibishu area of northwestern Ontario. Recent grab samples taken from a 20-ft-wide shear varied…
Gold production in 1989 at Viceroy California bet
With final permitting expected by January, Viceroy Resource Corp.’s (TSE) Castle Mountain property in California should begin production in mid-1989. Addressing the annual meeting recently, D. Ross Fi…
American Reserve hits at Paymaster
Deep drilling completed on the Paymaster mine property in Timmins, Ont., has intersected strong gold values 175 ft below the workings of the shutdown mine, partners Associated Porcupine Mines (TSE) an…
COATS Trading Features (July 18, 1988)
Midrim Mining traded more than one million shares this week to a high of 23 cents . The company’s main asset is a 45% interest in Marvic Resources, a private company holding several gold properties in…
Underground drilling at Armistice bet
Shaft rehabilitation to the 1,250-ft level at gold property in the Kirkland Lake, Ont., area has been completed and underground drilling has been started, Armistice Resources (ME) reports. Armistice p…
MVP takeover proposal for troubled Camindex
In order to get its hands on gold production, MVP Capital Corp. (TSE), a mining finance company, has made an offer to acquire a minimum 90% interest in Camindex Mines (TSE). MVP is offering Camindex s…
Comex set to begin trading high grade copper contracts
A high grade copper contract will be introduced July 29 by the New York Commodity Exchange (Comex) in response to a growing supply of, and demand for, Grade 1 cathodes. Hugh Sigmon, Comex’s director o…
Canamax ups stake in Bell Creek mine
Canamax Resources (TSE) has acquired the remaining 50% interest in the Bell Creek gold mine from Pamorex Minerals (TSE). The mine is located near Timmins, Ont. Canamax, which owns the other 50% stake,…