Spot prices at a glance (October 22, 1990)
Week’s Price (US) Change Gold* $365.75 — $26.45 Silver* $ 4.22 — $0.41 Platinum* $395.55 — $48.20 Nickel** $ 4.13 — $0.15 Lead** $ 0.35 + $0.00 Copper- $ 1.17 — $0.12 Zinc– $ 0.60 — $0.01 Court…
News
Toronto Stock Exchange Gold issues recover as buyers move back
After taking the worst drubbing since Saddam Hussein’s Iraqi forces entered Kuwait, gold managed to regain some of its lustre following the week ended October 16. Pressured by a series of factors incl…
Toronto Stock Exchange Indices (October 22, 1990)
Oct. 16 Oct. 15 Oct. 12 Oct. 11 Oct. 10 HIGH LOW Composite “300” 3009.91 3032.84 3047.94 3055.29 3109.87 4009.47 3009.91 Metals & Minerals 2587.95 2634.56 2624.74 2632.65 2708.95 3453.06 2587.95 Integ…
UBC receives grant from Geddes
Geddes Resources (TSE) is making a $30,000 donation to the University of British Columbia to support glaciology research. The grant will allow the Department of Geophysics and Astronomy to finance res…
Rea Gold evaluating Kookaburra assets
Rea Gold (TSE) is carrying out a due diligence review of the mineral assets of Kookaburra Gold (VSE) as a first step in plans to acquire a controlling interest in the Australian- backed junior. Althou…
GOLDFUNDS (October 22, 1990)
MVP BGR Central Capital Net value $10.01 $5.54 $0.28 Price $ 9.25 $5.125 $0.14 Discount 7.59% 7.5% 50.0% Value $59,611,946 $86,224,538 N/A…
Dome mine’s fate hinges on union vote
Gold-producer Placer Dome (TSE) has put the fate of the 80-year-old Dome mine here in the hands of the United Steelworkers of America. On Oct. 11, the company delivered videotaped messages from Anthon…
Exploration begins at Jasper mine
Partners Cameco and Shore Gold Fund (ASE) have begun a $357,000 surface and underground exploration program at their Jasper gold mine in northern Saskatchewan. The high-grade mine entered production i…
Gold tumbles
Prospects for peace in the Middle East and concerns about an economic recession combined, analysts said, to depress the price of gold, which at presstime was sitting at US$366 per oz. in London. Gold …
NEWS IN BRIEF (October 22, 1990)
Captain Consolidated Resources Ltd. (CTC:VSE) has changed its name to International Captain Industries Corp. (ICI: VSE) on a 1-new-for-5-old-share basis. Transfer agent is Montreal Trust.
Sikaman begins gold production in Ghana
The Goldenrae alluvial gold mine in Ghana, West Africa, has entered into production, two weeks behind schedule but 10% below budget. At operating costs of below US$130 per oz., part-owner Sikaman Gold…
Seine, new partner acquire Lincoln project in California
By taking on a joint venture partner, Seine River Resources (VSE) was able to complete the US$5 million acquisition of a California gold project which it hopes to develop into a 500-ton-per-day produc…