Metal Prices PRODUCER PRICES (January 08, 1990)
ALUMINUM: MW U.S. Market US72.50 cents – 74.00 cents per lb. (Dec 21, 1989). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (D…
1990
Dividends (January 08, 1990)
LAC Minerals (TSE) has declared a semi-annual dividend of 7 cents , an increase of 1 cents , on its common shares, payable Dec. 1 to shareholders of record Nov. 10.
Editorial An old view on free trade
Henry George, an ardent American proponent of free trade 100 years age, made these comments which still hold meaning today: It might be in the interest of lighting companies to restrict the number a…
Deak drilling (January 08, 1990)
A drilling program is under way at the Aldermac group of base metal properties near Rouyn-Noranda, Que., Deak Resources (TSE) reports. A minimum 15,000 ft. of drilling will be conducted by Feb. 28, ut…
Aur executive cashes in on Val d’Or metal find
One of the ways in which mining companies attempt to motivate and reward their key employees is to grant them options to purchase a specific number of shares at a specified price. Typically, if the co…
McAdam, Stoch in dispute over McWatters gold mine
A dispute has arisen between Toronto-based McAdam Resources (TSE) and Jack Stoch Geoconsultants over who owns the old McWatters gold mine near Rouyn- Noranda, Que. In October 1986, McAdam agreed to pa…
Festive meals and the varied uses of metals
During the recent festive season, I chanced to look around the kitchen in a different way and began to think of the myriad uses of metals in the preparation of food: the sinks, the spoons, the pans, e…
Newfoundland agrees to buy $20 million of Baie Verte’s debt
The government of Newfoundland has agreed to buy $20 million of the external debt of Baie Verte Mines, a wholly owned subsidiary of Cliff Resources (TSE), for 20 million redeemable preference shares. …
Alberta Stock Exchange Investors stay away (January 08, 1990)
It was all quiet on the Alberta front this week as investors seemed reluctant to shrug off their New Year hangovers and return to the business of buying and selling resource stocks. As a result, the w…
Noranda’s Bourlamaque bet optioned by Kingswood Exp.
Noranda Exploration, a unit of Toronto-based Noranda (TSE), is teaming up with Kingswood Explorations (ASE) to look for deep massive sulphides on a group of claims in Bourlamaque Twp., east of Val d’O…
Montreal Exchange Trading slackens off
Investors seemed to have had their minds on other matters during the holiday season, with daily volumes ranging between a feeble 2.3 million and 3 million shares for the 4-day trading week ended Jan. …
Aur resumes drilling at Louvicourt project
Surface drilling has resumed at the massive sulphide project of Aur Resources (TSE) and Societe Miniere Louvem (TSE) after a short Christmas break, says Aur Vice- President Howard Stockford. Operator …