Spot prices at a glance (November 27, 1989)
Week’s Price (US) Change Gold*$406.60+$16.10 Silver*$ 5.80+$ 0.43 Platinum*$532.50+$22.10 Nickel**$ 4.35$ 0.19 Lead**$ 0.30$ 0.02 Copper$ 1.12–$ 0.07 Zinc$ 0.63$ 0.03 Courtesy of Scotiabank….
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FINANCING (November 27, 1989)
VANCOUVER Graham Gold — 700,000 sold for gross $231,000. Westerra Res — opt exerc on 100,000 @ 40 cents per sh. Mondana Ventures — min 650,000 offered @ 36 cents per sh. Circumpacific Egy — 1,00…
Toronto Stock Exchange Indices (November 27, 1989)
1989 Nov 21Nov 20Nov 17Nov 16Nov 15HIGH LOW Composite “300” 3933.613947.533957.573946.023968.664037.833353.13 Metals & Minerals 3362.203385.633403.613371.453418.023919.203207.50 Integrated mines 3500…
Gold price climbs $55 since September low, easily surpasses $400
Surprising more than a few analysts, the gold price has staged a recovery and surged past $400(US) per oz. The precious metal, in a price slump the past few months, has not reached such lofty heights …
Cominco VP makes profitable trades
One of Cominco Ltd.’s (TSE) top executives earned a substantial profit recently while buying and selling shares of the Vancouver- based resource giant. John Fletcher, a senior vice- president in Comin…
Editorial Time to bury the flow-through myth
It is time to put an end to the myth of flow-through financing. It was a method of financing mineral exploration that did more harm than good to the industry. It has reinforced all the negative aspect…
Vancouver Stock Exchange Few bearish on gold sector
With the gold price surpassing the $400(US) mark and holding, it’s hard to find anyone bearish about the yellow metal’s future these days. While gold’s performance is always difficult to predict, that…
COATS (over-the-counter) Gold Bar up 30 cents
This week’s rally involving the shares of many senior gold mining companies had little effect on junior issues trading on COATS. Following a European financing Carolin Mines is exploring the Ladner Cr…
FUTURES PRICES (November 27, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec111.80 110.80 111.80 — 4.40 Jan109.20 108.00 109.30 — 4.90 Feb108.00 108.00 10…
Sirius has results on NWT placer bet
Reconnaissance sampling on the Selena Creek placer gold project in the Northwest Territories has encouraged partners Verdstone Gold (VSE) and Sirius Resource (VSE). Sirius reports that it recently c…
Montreal Exchange No shine to trading
Rising gold prices should have been considered positive news for the mining issues but for the week ending Nov 21, the mining and minerals index closed down 10.5 points. The general market portfolio i…
Search for base metals
Ian Nichol, geology professor at Queen’s University, Ont., has received $1.6 million to study techniques for locating base metal deposits. The grant was made through the University Research Incentive …