COATS Trading Features (April 04, 1988)
A takeover offer for 750,000 shares of Newfield Mines helped perk up the share price of that issue to $1.85. Partners T & H Resources and Jonpol Explorations are making the bid. The latter companies h…
1988
Metal Prices PRODUCER PRICES (April 04, 1988)
ALUMINUM: MW U.S. Market $1.065-$1.105 per lb. (Mar 17, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.65-$5.80 per lb. (Mar 17, 1988). CADMIUM: New Y…
Debt-free Queenston quiet on Kirkland West talks
While a shutdown at the McBean open pit near Kirkland Lake, Ont., reduced Queenston Gold Mines’ 1987 earnings, the Toronto company is negotiating a joint venture agreement with Lac Minerals at the pro…
Bidding for North American may continue
U.S. gold mining giant Homestake Mining has dug deeper into its pockets and made a follow-up offer for North American Metals. Although North American’s board of directors favors the new offer, the bid…
Anglo American joins TRV in Brazil
TRV Mineracao Ltda. of Brazil has granted an option to Anglo American Corporation Do Brazil to explore its Anicuns gold project in the State of Goias. TRV Mineracao is jointly owned by two Vancouver c…
Mimiska acquisition
Assets of Fern Elizabeth Gold Exploration, including 40% of the Fern Elizabeth and Hill Lake properties in the Atikokan area of northwestern Ontario, have been acquired by Mimiska Exploration. The Fer…
Teeshin suing 5 companies involved in Dome Mountain
Legal proceedings have been launched by Teeshin Resources of Oakville, Ont., in the Supreme Court of British Columbia against five companies, all of whom are involved in the Dome Mountain gold-silver …
Hayes debenture
Hayes Resources has received approval from the Toronto Stock Exchange to lower the conversion price of its 40 million Swiss franc convertible debentures. The conversion price will be lowered to $1.50 …
Metal Prices FREE MARKET (April 04, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 29 Mar. 28 Mar. 25 Mar. 24 Mar. 23 Copper 1293-1295 1300-1302 1260-1262 1330-1332 1292-12…
Gulf ups bid for Asamera
Common shareholders of Calgary-based Asamera Inc. are going to get more money for their shares under a revised takeover bid by Gulf Canada Resources. The large oil and gas producer has increased its o…
INSIDER TRADES (April 04, 1988)
Augdome — B. Gerol sold 96,837 to hold 5,050. Canuc — K. Murton bought 35,000 (private) to hold 227,554. Cheni Gold — Com Francaise de Mines bought 43,700 common shares and 68,570 units to hold sam…
Granges applies mining knowledge
The transition from exploration to mining is a difficult one for any company and Granges Exploration is no exception. But it might have been a lot worse had Granges not had a 19.8% interest in the Tro…