Timmins Land to buy Breakwater’s Rundle
Timmins Land, a privately owned company based in Timmins, Ont., has entered into an agreement with Breakwater Resources (TSE) to buy the South Rundle mine property for $1.5 million. The 800-acre prope…
News
U.S.REPORT Copper Range buys mill section for mine
For US$4 million, Copper Range Mining has purchased a 6,000-ton- per-day mill section from Round Mountain Gold. Copper Range is a unit of Metall Mining (TSE), while Round Mountain is a subsidiary of E…
Westview sees Lupin-type potential at Ren property
Vancouver-based Westview Resources (VSE) is funding a 10,000-ft. diamond drilling program this summer on what it considers to be a new “Lupin-type” gold deposit on the REN property in the Northwest Te…
Tandem, N.A. Rare flow-through deals
Toronto-based Tandem Resources (ME) has arranged for a flow-through private placement of $250,000 with CMP 1990 Resource Partnership and Co. The placement is priced at the lesser of 30 cents or 95% of…
Toronto Stock Exchange Rally continues amid rumors of third Eskay
A market rally sparked by renewed optimism over the U.S. economy appeared to gain some momentum today, May 30. The composite 300 stock index, which represents a wide measure of Canadian share values, …
Spot prices at a glance (June 04, 1990)
Week’s Price (US) Change Gold* $365.70 + $2.45 Silver* $5.13 + $0.03 Platinum* $496.50 — $6.75 Nickel** $3.83 + $0.05 Lead** $0.38 + $0.00 Copper- $1.18 + $0.05 Zinc $0.79 — $0.00 Courtesy of Scotia…
Cathedral looking for Porcher partner
A recently completed exploration program on the Porcher Island gold property held by Cathedral Gold (TSE) appears to have prompted the company to look for a partner. .TLast year’s program was designed…
El Mochito mine contributor to Breakwater earnings hike
Lower operating costs at Breakwater Resources’ (TSE) El Mochito polymetallic mine in Honduras contributed to higher first-quarter earnings for the Vancouver-based company. Breakwater, which is attempt…
Quintette hit with bill for $46 million
The viability of the Quintette coal mine, 50% owned by Denison Mines (TSE), has been put into question by an arbitration panel’s ruling. The price received by Quintette for metallurgical coal will dro…
Asarco lowers price of copper cathodes New-York based Asarco, one
Shares of base metal explorer Bonanza Metals moved up 10 cents to 55 cents on thin volume of 8,000 shares during the report period ended May 29. The company has been focusing most of its recent effort…
Metal Prices FREE MARKET (June 04, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 29 May 28 May 25 May 24 May 23 Copper 1580-1582 Closed N.A 1603-1604 1586-1588 L…
Central Crude’s new concept at Moss Lake sparks scramble
Evidence is building that a large- tonnage, low-grade, open pit gold- copper-silver deposit may be shaping at the Moss Lake project of Central Crude (TSE) in the Shebandowan area, 70 miles west of Thu…