News


Ridgeway boosts Galactic earnings

With the Ridgeway gold mine in South Carolina still surpassing projections, Galactic Resources (TSE) emerged with its bottom line firmly in the black for the first nine months of 1989. The Vancouver-b…



Barrick and LAC deals tap into new gold rally

American Barrick Resources (TSE) and LAC Minerals (TSE) have wasted little time in capitalizing from the 4-week-old gold rally. Moving quickly to take advantage of renewed investor interest in senior …


Gold funds as of Nov 21

MVP BGR Central Capital Net value $12.14 $6.23 $0.52 Price $11.875 $6.00 $0.30 Discount 2.18% 3.7% d 42.3% Value $72,273,853 $104,818,631 …



Corona bids for Asamera’s stake in Cannon mine

Large gold-producer Corona Corp. (TSE) plans to add to its growing output by purchasing a 51% interest in the producing gold- silver Cannon mine in Washington State from Asamera Minerals (TSE). Corona…



Metal Prices PRODUCER PRICES (November 27, 1989)

ALUMINUM: MW U.S. Market US76.00 cents – 77.00 cents per lb. (Nov 16, 1989). ANTIMONY: New York dealer US85 cents -90 cents per lb. (Nov 9, 1989). BISMUTH: New York dealer $4.55-$4.65(US) per lb. (No…


Correction (November 27, 1989)

Contrary to what was reported (N.M., Nov 20/89), Quebec businessman Jacques Forget holds a 6.3% stake in Dumagami Mines (TSE) through his Montreal-based investment firm Invesfor.


Noble Peak to option U.S. zinc property

A large base metals deposit in Utah, held by a financially strapped junior, Noble Peak Resources (ASE), is on the auction block. “We expect to have an offer from a major U.S. mining company within thr…


IOCC GOLD OPTIONS (November 27, 1989)

Options Open SeriesVolumeLastInterest Feb 370 C * 43840.50 676 Feb 380 C * 67232.801,230 Feb 390 C * 37322.001,396 Feb 400 C .1,39718.002,768 Feb 410 C * 61812.50 274 Feb 420 C .2,099 9.50 850…


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