Metal Prices (January 29, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 23 Jan 22 Jan 19 Jan 18 Jan 17 Copper 1340-1340 1369…
1990
Toronto Stock Exchange Indices (January 29, 1990)
1989 Jan. 23Jan. 22Jan. 19Jan. 18Jan. 17HIGH LOW Composite “300”3812.683801.513865.073857.393872.274009.473801.51 Metals & Minerals3090.563068.083115.733143.113137.043453.053068.08 Integrated mines…
Vancouver Stock Exchange Kokanee helped by Sillivan-type’ find
Uncertainty about the direction of the economy is continuing to take its toll on equity markets and base metal prices. Unless some positive indicators appear soon, analysts predict a gloomy scenario o…
Insider Trading Thunderwood insiders sell shares as outlook
As the price of gold has risen and then stayed above the US$400 per oz. level, so too have the share prices of a few select gold explorers with known gold deposits and cash in the bank. Shares of Toro…
Asamera still for sale
Although the sale of Asamera Minerals (TSE) recently fell through, the company says it has received indications of interest from various parties regarding the purchase of the company. Corona (TSE) had…
Record earnings for Cyprus
Earnings of US$250.1 million, or US$6.06 per share, were reported by Cyprus Minerals (NYSE) for the year ended Dec. 31. The record earnings compare with 1988 earnings of $170 million, or $4.21 per sha…
Horsham shares trade on New York exchange
Common shares of Toronto- based Horsham (TSE), the company that controls American Barrick Resources (TSE), were listed for trading recently on the New York Stock Exchange. In addition to a 22% stake i…
Granges sets budget for 1990 exploration
A budget of $7 million has been set by Granges (TSE) for exploration in Canada this year. In addition, the company’s 59% owned subsidiary, Hycroft Resources & Development (TSE), plans to spend a furth…
Toronto Stock Exchange Soaring bullion prices whipsaw gold index
Gold came back with a vengeance today, Jan. 24., as investors unloaded bonds and equities and sought the refuge of bullion. The trading added more than $8 to the price of an oz. of gold which was set …
Cameco exercises Golden Rule option
Saskatoon-based Cameco has given notice to Golden Rule Resources (TSE) that it will exercise its option to purchase the latter company’s 30% interest in the Fork Lake and Transom Lake gold projects, n…
Equity Silver to deep drill “Lupin-style” Argus project
Argus Resources (ASE) says it is becoming increasingly certain that sedimentary rocks at its Esker Lake project in the Northwest Territories are similar to those at Echo Bay’s (TSE) Lupin gold mine. A…
Orex has two-phase plan for Goldboro development
In the midst of an underground 99-hole drilling program, Exploration Orex (ME) is confident the results will allow it to continue its 2-phase program to bring its Goldboro gold project in Nova Scotia …