Investors wary of NDP win in Ontario’s election
Investors reacted negatively to the unexpected election of the New Democratic Party to a majority government in Ontario on Sept 6. Several mining companies with operations in the province saw their sh…
1990
Repadre, Corona revise agreement
In order to protect the interests of Repadre Capital’s (VSE) minority shareholders, Corona (TSE) and Repadre have revised their original private placement agreement. Instead of issuing both shares and…
Allen chosen to speak at CIM meeting
Peter Allen will address members of the Canadian Institute of Mining and Metallurgy at the group’s luncheon meeting on Sep0600,0000 tember 17 at the Royal York Hotel in Toronto. Allen, president and c…
U.S. REPORT Noranda’s Lynne discovery sparks interest in Wisconsin
The recent discovery of a large zinc deposit at Noranda’s (TSE) Lynne project in Oneida Cty. has triggered renewed interest in Wisconsin’s potential to be a base metal producer. According to the state…
PEOPLE HORSHAM CORP.
Howard Beck, David Gilmour, Robert Helman, Duke Ligon and James Tory elected to the board of directors. Camuel Zell resigned from the board.
Belmoral loss triples in first half of 1990
Despite a 15% increase in gold production and a corresponding jump in revenue, Belmoral Mines (TSE) reported a net loss of $17.1 million (37 cents per share) for the first six months of 1990. The loss…
Montreal Exchange VSM assays gold
Trading picked up considerably by the end of the report period but the general index, the market portfolio, was down by more than 33 points for the week ended Sept. 11. The mining and minerals index e…
Rock and Roll
If channel sampling on the Rock and Roll project are representative of overall grades, partners Eurus Resource (VSE) and Thios Resources (VSE) could be on to a good thing. Thirty-one channel samples w…
Pelangio, Quote find new gold showings
Grassroots exploration has uncovered five new gold showings on Pelangio-Larder Mines’ (COATS) North Spirit Lake property, 100 miles north of Red Lake, Ont. Including the new discoveries, gold occurren…
FUTURES PRICES (September 17, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sept 135.20 133.80 134.80 + 6.70 Oct 132.80 132.00 132.30 + 5.40 Nov — — 130.65 + 5.25 SILVER (in US cents per …
Alberta Stock Exchange Ontex jumps 65 cents
Shares of Toronto-based Ontex Resources (ASE) leapt ahead 65 cents to $2.55 during the week ended Sept. 11. Investors continue to speculate on the outcome of a legal battle the company is fighting wit…
Thermal evaluates potential of copper deposit in Yukon
Equal partners Thermal Exploration (ASE) and Western Copper Holdings, an affiliate of Teck (TSE), are moving closer to a production decision at their Williams Creek copper deposit in the Yukon. The Wi…