News in Brief (March 05, 1990)
Transglobe Resources (VSE) has changed its transfer agent to Montreal Trust Co.
News
Publisher speaks at CIM luncheon
The Canadian mining industry has faced numerous challenges this century, and changing its triumphs since 1915 has been The Northern Miner. The weekly newspaper, which had its start in Cobalt, Ont., is…
Spot prices at a glance (March 05, 1990)
Week’s/qc/ Price (US) Change/tf/01 Gold*/tf/01 $409.10 $11.50 Silver*/tf/01 $ 5.12 $ 0.22 Platinum*/tf/01 $511.50 $19.65 Nickel**/tf/01 $ 3.42 + $ 0.14 Lead**/tf/01 $ 0.39 + $ 0.01 Copper $ 1.11 + $ 0…
Deep drilling for Tache zinc-gold bet
After completing a 5,200-ft. drillling program on the Tache zinc- gold prospect near Chibougamau, Que., Bitech (ASE) says further deep drilling is warranted to test the property below the 600-ft. hori…
People (March 05, 1990)
INTERNATIONAL COPPER ASSOCIATION — Dr. Nathan Church appointed technical director, metallurgy, succeeding Dr. Dale Peters who has jointed the Copper Development Association.
Metal prices rebound after sharp decline
A 4.9% slide in the metals and minerals sub-index contributed to a small drop in Scotiabank’s January all-commodity price index. The all- items index, off by 1.6% from December, is down by 13% from Ja…
Higher gold output boosts Corona earnings in 1989
Earnings of $49.1 million (32cents per share) for 1989 before unusual and extraordinary items were reported by Corona (TSE), compared with restated earnings, before unusual and extraordinary items, of…
Aur to pick up 47% interest in Belmoral Mines
Aur Resources (TSE) has agreed to lend its considerable geological expertise and some financial help to Belmoral Mines (TSE) in return for the option to purchase a 47% stake in the company. The propos…
Toronto Stock Exchange Panic in Japan fails to ruffle Toronto
Canada’s largest stock market continues to weather the storm that is blowing across the Tokyo Stock Exchange. While Japanese investors watched in horror as the Nikkei index fell by 1,569 points — the…
Magma’s 1989 results record for company
Despite lower production at its Pinto Valley Division, Arizona- based Magma Copper (NASDAQ) achieved record earnings last year. Magma’s net income for the year ended Dec. 31 was US$58.5 million or US$…
Balance sheet improves in ’89 for Giant Yellowknife Mines
Earnings of $3.6 million (43cents per share), before unusual items, on revenue of $119.5 million were reported by Giant Yellowknife Mines (TSE) for 1989. After providing $3.8 million for an unusual af…
Toronto Stock Exchange Indices (March 05, 1990)
Feb. 27 Feb. 26 Feb. 23 Feb. 22 Feb. 21 HIGH LOW Composite “300” 3660.28 3649.49 3652.59 3668.62 3672.46 4009.47 3649.49 Metals & Minerals 2946.90 2947.75 2921.03 2936.26 2959.23 3453.05 2921.03 Integ…