Spot prices at a glance (April 23, 1990)
Week’s Price (US) Change Gold* $374.70 + $0.60 Silver* $5.09 Platinum* $478.00 + $2.00 Nickel** $3.93 — $0.06 Lead** $0.38 + $0.01 Copper- $1.22 + $0.03 Zinc $0.74 Courtesy of Scotiabank. Information…
News
Insider Trading Corona chief buys shares at discount
Corona (TSE) Chairman Ned Goodman looks set to profit from a recent transaction that increased his stake in the Toronto-based gold producer at a considerable discount to the market price. Last month, …
BP reports base metal find on property in Newfoundland
A new base metal discovery has been reported by BP Canada (TSE) on the company’s Daniel’s Pond prospect, about 20 km south of Buchans, Nfld. Although still at an early stage of exploration, the new ma…
Cusac finally wins appeal
A judgment of $2.87 million handed down in late 1988 has been ratified with Cusac Industries (TSE) coming out on top after an appeal by Total Energold (TSE) was dismissed. Cusac and Total were in disa…
International Curator plans to buy Granges’ interest in Jualin
With 10,750 ft. of an ongoing 20,000 ft. drilling program complete, International Curator Resources (VSE) hopes to exercise its option to purchase the 40% interest in the Jualin property owned by Gran…
Cominco, Normetal, La Sarre strike exploration agreement
An exploration financing agreement has been finalized between Cominco (TSE) and two Quebec juniors Normetal Mining Exploration (ME) and La Sarre Mining Exploration (ME). The 3-year exploration agreeme…
ERG suspended from TSE trading
Struggling ERG Resources (TSE) was recently suspended from trading on The Toronto Stock Exchange because, the company says, its current financial condition does not meet the exchange’s requirements. T…
Hopes for metal find raised by Thunderwood drill results
A copper-rich alteration zone that might act as a feeder system for a massive sulphide deposit was reported recently by partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) on their Sco…
Santa Fe’s U.S. landholdings makes public offering inviting
Santa Fe Pacific Minerals, a unit of Santa Fe Pacific (NYSE), only became a precious metals producer in 1988, but it’s safe money to bet the company will emerge as one of the more significant players …
Vancouver Stock Exchange Prime, Stiking make impressive gains
The Vancouver Stock Market seems to have lapsed further into a state of lethargy with the composite index slumped at the 750 level. There appears to be far more excitement taking place away from the c…
Exploration for copper-gold in B.C. should heat up in `90
Mining came to British Columbia early in the 19th century with development of coal on Vancouver Island to supply steamships and in 1858 with the Cariboo gold rush. The completion of the Canadian Pacif…
Shareholders vent frustrations at Muscocho group meetings
Questions about what went wrong at the Magino and Magnacon gold mines in northern Ontario took centre stage at the annual meetings of Flanagan McAdam Resources (TSE), McNellen Resources (TSE) and Musc…