Toronto Stock Exchange Indices (November 20, 1989)
1989 Nov 14 Nov 13 Nov 10 Nov 9 Nov 8 HIGH LOW Composite “300” 3943.09 3949.69 3943.68 3931.50 3937.02 4037.83 3353.13 Metals & Minerals 3409.51 3439.34 3426.50 3418.17 342…
News
TSE investigates trading in Aur
The Toronto Stock exchange is in the preliminary stages of an investigation into the trading of Aur Resources (TSE) shares before results were released from the company’s Louvicourt Twp. base metals d…
Guinness drilling tin prospect next to East Kemptville Mine
Two diamond drills are scheduled to start turning this week on a tin prospect in southwestern Nova Scotia. The ground being investigated covers the contact between granitoids of the South Mountain bat…
Suntac financing for Polaris-Taku
A public issue is planned by Vancouver-based Suntac Minerals (VSE) for a third-phase work program at the Polaris-Taku gold project in northwestern British Columbia. A statement of material facts is be…
Last minute rescue deal fails LynnGold closes gold mine
LynnGold Resources (TSE) has been unable to come to terms with the Manitoba government for a financial rescue package. As a result, the company will continue with plans to close its MacLellan gold min…
Agnico, Dumagami merger plan given nod by directors
Directors of Toronto-based affiliates Agnico-Eagle Mines (TSE) and Dumagami Mines (TSE) have given approval to the terms of a proposed merger of the two companies. Pending approval of Dumagami shareho…
Alberta Stock Exchange Guinness, Holmer up
In a week when trading patterns could only be described as lacklustre, slight gains were made by a couple of issues which haven’t been in the limelight lately. Guinness Gold Resources advanced by 20 c…
Letters to the Editor Eliminate the Commissar of Mines’
Your editorial of Oct 16, 1989, “Cut to Via are long overdue,” objecting to another industry (railroads) getting money from the taxpayer, is interesting considering there has probably been a hundred e…
St. Genevieve income
Montreal based St. Genevieve Resources (TSE) reported a 9-month net income of about $1.3 million (3 cents per share), compared to a loss of $2.9 million (20 cents per share) for the same period in 1…
FUTURES PRICES (November 20, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov– — 115.75 + 1.90 Dec116.40 116.40 116.20 + 1.85 Jan116.00 116.00 114.20 …
Metal Prices (November 20, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 14 Nov 13 Nov 10 Nov 9 Nov 8 Copper 1701-17…
Spirit Lake resumes drilling near Wawa
Spirit Lake Exploration (ME) has resumed drilling on its Edwards gold property about 60 km northeast of Wawa, Ont., and just east of the Magino and Kremzar mines. The first phase of the $250,000 progr…