Montreal Exchange Eider takes wing
Wednesday close, Sept 17 A little-known Quebec company, Eider Resources, was the top trader on the Montreal Exchange this week with 478,900 shares changing hands. The stock’s price gained 25 cents , a…
News
Saskatchewan opens new geology building
The new geology building of the University of Saskatchewan in Saskat oon will be officially opened Sept 19, by the province’s lieutenant-governor, F. W. Johnson. Built at a cost of $18 million, the ne…
Westley broadens U.S. gold play
Canadian firms are playing a very significant part in the gold exploration activity that is sweeping the western U.S. states. Westley Mines is certainly one of these. This company, reports President V…
Corona sets warrant price
International Corona Resources has filed a final prospectus to offer 1.65 million 1996 warrants to the public at $27.50 per warrant to raise $45,375,000. The warrants will be fully paid upon issue. Ea…
Aunor Res. reports low grade gold
Aunore Resources has announced the first results of exploration programs on its Puiseaux properties in the Casa Berardi area and its Hebecourt property northwest of Rouyn- Noranda. In a small drill pr…
Gold production up by 30% at Agnico’s mid-year mark
With one record year under its belt, Agnico-Eagle Mines appears well on its way to achieving another. For the six months ended June 30, the company’s gold division produced at an all-time peak in tons…
Teck set to reopen Newfoundland Zinc
With zinc prices firming at the 40 cents (US) per pound range, Teck Corp is said to be planning to reopen the Newfoundland Zinc zinc mine at Daniel’s Harbor, Nfld. Production at the mine, 63% owned by…
Gunner gets option on Sweany claims
An option agreement has been signed between Sweany Gold Corp. and Gu nner Gold which gives the latter company the right to earn a 75% interest in Sweany’s Beardmore, Ont., area gold prospects. Gunner …
Farboro buys two properties, plans financing
Farboro Resources has acquired two properties in northwestern Quebec, the Desboues property covering about 370 ha about 60 km northeast ofLaSarre and the Barry property between Senneterre and Chibouga…
Toronto Stock Market Market slumps as prices reach six-week low
Wednesday close, Sept. 17 It was quite a week on the market and one that more than a few investors would sooner forget. The slide started last Thursday taking its cue from the plunging Dow Jones south…
Query Golden Hope not pure gold playr
I purchased Golden Hope stock at $3 per share. Do you expect the sha re price to eventually rise? J.A., Belleville, Ont. Of course, all investors hope that the price of any shares they purchased will …
Vancouver Stock Exchange Subdued reaction to high gold prices
Wednesday close, Sept. 17 The market reaction here to higher gold prices has certainly been subdued — at least by previous standards. There is still concern that gold prices won’t hold, so investors …