GOLD FUNDS (September 17, 1990)
MVP BGR Central Capital Net value $10.73 $5.76 $0.32 Price $9.25 $5.375 $0.20 Discount 13.79% 6.7% 37.5% Value $63,887,109 $90,430,613 N/A…
News
U.S. REPORT Cyprus Minerals plans copper smelter expansion
Colorado- based Cyprus Minerals (NYSE) is seeking the necessary state and federal approvals to begin work on a major US$92.5 million modernization and expansion program at its copper smelter in Miami,…
Toronto Stock Exchange Investors take cover as gold falls, NDP
The newly elected NDP government in Ontario combined with Persian Gulf tensions and a falling gold price gave investors more reasons to feel nervous during the week ended Sept. 11. While developments …
Bellex, Quattro stocks tumble on drilling results
Assay results from recent drilling on the JW copper-gold prospect in the Galore Creek region of northwestern British Columbia have sent the share prices of joint venture partners, Bellex Mining (VSE) …
HIGHGRADING, PT. 2 OPP formed Gold Squad following 1938 gold theft
The time: 3 a.m., June 7, 1938. Using a small hacksaw, two men cut two steel bars from a small chest-high window at the rear of the Dome mine refinery in South Porcupine, Ont., and climbed in. Moments…
Metal Prices FREE MARKET (September 17, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date September 11 September 10 September 7 September 6 September 5 Copper 1735-1740 1730-…
Breakwater completes Caribou acquisition
With the acquisition of all of the shares of Bathurst Base Metals, Breakwater Resources (TSE) has secured a 100% interest in the Caribou lead-zinc mine near Bathurst, N.B. Bathurst has amalgamated wit…
Kemess drilling cuts wide intersects
Recent drilling on the South Kemess project in the Toodoggone region of north- central British Columbia has returned wide intercepts of copper- gold mineralization. El Condor Resources (VSE) and a uni…
Golden Rule assays
Calgary-based Golden Rule Resources (TSE) has completed a 5,289-ft. diamond drill program on its Kaslo property in the La Ronge gold belt of northern Saskatchewan. Significant intersections from the 8…
Insider Trading Ewanchuk profits from Corona deal
Henry Ewanchuk, a former senior executive with the Toronto- based Corona (TSE) group, recently made a substantial profit after exercising an option to purchase shares of the company at a discount to t…
New Silidor mine achieves planned production rate
Five months after entering production, the Silidor gold mine lying just outside of this city has reached its planned production capacity of 33,000 tonnes per month. The mining operation, officially op…
Spot prices at a glance (September 17, 1990)
Week’s Price (US) Change Gold* $380.65 — $3.95 Silver* $4.80 + $0.04 Platinum*$455.45 — $29.05 Nickel** $5.41 + $0.45 Lead** $0.39 $0.00 Copper- $1.54 + $0.22 Zinc– $0.73 + $0.02 Courtesy of Scotia…