Cheni completes purchase of Energex claims
The Al claims in the Toodoggone district of north- central British Columbia are now owned 100% by Cheni Gold Mines (TSE) which also owns and operates the nearby Lawyers gold-silver mine. The Al claims…
1990
South Atlantic completes financing
Production financing has been finalized for the Oracle Ridge project owned by South Atlantic Ventures (VSE). Total funding for the project is estimated at US$6 million for mill construction plus US$1 …
Alberta Stock Exchange Naxos gains 70 cents
News that Naxos Resources is acquiring an 80% interest in some placer gold properties on Thibert Creek near Dease Lake, B.C., for $725,000 helped boost that company’s share price by 70 cents to close …
Montreal Exchange Spirit Lake drilling
The declining price of gold seemed to have little or no effect on resource issues during the week ended March 20. Moving the other way, the exchange’s mining and minerals index jumped almost 56 points…
Bulk sample for Can-Mac
Owners of the Mon gold project at Discovery Lake, N.W.T., are encouraged by exploration results to date. Can-Mac Exploration (VSE), in the midst of a drilling program, is awaiting the results of a rec…
Bow Valley generates earnings of $25.7 million during 1989
Bow Valley Industries (TSE), the Calgary-based oil and gas company which is developing a high- grade uranium project in Saskatchewan with Denison Mines (TSE), had a profitable year in 1989. Net income…
PRODUCER PRICES (March 26, 1990)
ALUMINUM: MW U.S. Market US68.50- 70.50 cents per lb. (Mar. 8, 1990). ANTIMONY: New York dealer US84-86 cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CAD…
Drilling starts at Hyland
Drilling has started at the Hyland Gold property, 44 miles northeast of Watson Lake, Y.T. The property is a joint venture operated and 40% owned by Silverquest Resources (VSE) with the remaining 60% s…
Letters to the Editor Sharing finds with tax men
I would like to say how much I enjoyed your 75th-year anniversary issue. I especially enjoyed Noble Harbinson’s comments regarding the cancellation years ago of the 3-year tax-free period for new mine…
Toronto Stock Exchange Volumes light as investors await clearer
Confused investors opted to remain on the sidelines today, March 21, as they waited for more definite signs of what the immediate future holds for the economy. As a result, volumes were generally low …
FREE MARKET (March 26, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 20 Mar. 19 Mar. 16 Mar. 15 Mar. 14 Copper 1652-1654 1650-1652 1668-1670 1676-16…
People (March 26, 1990)
INCO — William Glavin elected a director.