Spot prices at a glance (April 16, 1990)
Week’s Price (US) Change Gold* $374.10 — $0.15 Silver* $5.09 + $0.08 Platinum* $476.00 + $0.30 Nickel** $3.99 — $0.10 Lead** $0.37 — $0.04 Copper- $1.19 — $0.07 Zinc $0.74 — $0.04 Courtesy of Sco…
News
Commodity index in further decline
A small drop of 0.5% in Scotiabank’s all-commodity price index was recorded for February; on an annualized basis, the index fell by 5.3% for the month. A decline in base metal prices contributed to th…
National Resource proposes amalgamation
The shareholders and partners of National Resource Explorations (TSE) have recently been notified that the company intends to amalgamate with NIM Management, and wind up all six of their partnerships …
Vancouver Stock Exchange Reserve figures goost Eskay players
The Vancouver Stock Exchange lost some of its steam during the past week, the composite index off about 10 points at 11 a.m. on April 11, today, for a total loss of about 18 points over the week’s rep…
Wydmar raises cash for gold exploration
An option agreement between Southern Arizona Mining and Smelting (COATS) and Wydmar Development (VSE) will allow Wydmar to finance exploration on their Eskay Creek and Island Lake properties. Under th…
Glencairn insider bets on diamonds
Glencairn Exploration (ASE) director Robert Peereboom has been positioning himself to take advantage of any developments relating to the company’s Brazilian diamond and Ontario gold projects. Having o…
FUTURES PRICES (April 16, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 121.25 120.00 121.00 — 6.40 May 119.50 116.75 119.35 — 5.50 Jul 112.60 110.00 112.35 SILVER (in US cents pe…
Kingswood busy in Casa Berardi area
Toronto-based Kingswood Explorations (ASE) is increasing its land position around a small base metal deposit in La Gauchetierre Twp., 23 miles west of Matagami, Que. Subject to regulatory approval, th…
Muscocho group set to approve Echo Bay deal
Shareholders of related companies Muscocho Explorations (TSE), Flanagan McAdam Resources (TSE) and McNellen Resources (TSE) are expected to approve an important restructuring and financing agreement t…
Pezim, associates face new charges
Flamboyant promoter Murray Pezim struck out in his bid to have the Supreme Court of British Columbia quash a Securities Commission hearing into insider trading allegations against senior management of…
Curragh to sell subordinate shares
Privately owned Curragh Resources — the western world’s sixth largest producer of zinc and lead concentrates — has filed a preliminary prospectus for its first public offering of nine million shares…
Drill results boost Windarra
Drill results from the Preview Lake property, 80 miles northeast of La Ronge, Sask., has sparked a 19 cents increase in the price of Windarra Minerals (TSE) shares. Windarra, which holds a 20% stake i…