FUTURES PRICES (December 04, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec112.90 111.80 112.60 + 0.80 Jan110.25 109.50 110.55 + 1.25 Feb108.75 108.75 10…
News
Strike options gold properties
An option agreement has been signed between Strike Minerals (COATS) and a private Ontario company involving two gold properties in the Shining Tree area north of Sudbury, Ont. Strike has agreed to pur…
Corona, Rayrock combine to buy U.S. Gold’s 29% stake in Dee mine
Two partners in the Dee gold mine in Nevada, Corona Corp. (TSE) and Rayrock Yellowknife Resources (TSE), have increased their interests in the project. The companies jointly purchased the 29.33% inter…
Noranda, Freewest deal done
A private placement of Freewest Resources (ME) shares with Noranda Ltd. (TSE) has closed. Noranda bought 325,000 Freewest shares at $3.50 per share. The proceeds of $1.13 million will be used by Freew…
Bonanza drilling hits two zinc zones at Poirier
Rouyn-Noranda-based Bonanza Metals (ASE) says a phase-one drilling campaign on its Poirier property in Quebec has outlined two new zinc-bearing zones. The property is about one mile southeast of a pas…
Brazil Gold ’91
Brazil Gold ’91, an international conference on the geology, genesis and exploration of gold deposits, is scheduled to take place May 7-22, 1991, at Belo Horizonte, Minas Gerais, Brazil. Attendants at…
Walton visits Poland for tailings project (December 04, 1989)
John Walton, former Placer Dome president, joined officials of International Coast Minerals (VSE) on a visit to Poland to confirm the status of a proposed joint venture tailings project. Walton is a m…
Vancouver Stock Exchange Prime group dominates trading
Gold prices are still holding above the $400(US) level and that’s particularly welcome news for the Vancouver Stock Exchange. Brokers here say investors are beginning to take an interest in good quali…
Echo Bay Mines earnings lower
Third-quarter earnings were lower for Echo Bay Mines (TSE) despite increased gold and silver production from the company’s expanding mining operations in Nevada. The company had net earnings of $9.6 m…
Editorial Losing the war on bugs
On any given summer evening on the east coast of James Bay, one is likely to find, on average, 15 million mosquitoes per cubic yard of free air, according to the Zoological Society of Metropolitan Tor…
Durga President deals Allan bet to own company
Calgary-based Durga Resources (ASE) recently agreed to acquire from President Jasi Nikhanj, a Northwest Territories gold prospect which was optioned recently by Noranda Exploration. Situated 60 miles …
Editorial Avoiding litigation
Heard of any good lawsuits lately? Chances are you have if you’ve been following any mining stocks. It seems as though there is a new legal action every day, frequently over joint ventures that have…