News

Big plans for Windy Craggy hinge on copper price

The Windy Craggy copper-gold deposit, about 200 km southwest of here in northwestern British Columbia, could contribute more than 1% of world copper production if it is ever put into production, says …



Corona disavows report it will acquire Stikine

Corona Corp. (TSE) disavowed the report — released over the Dow Jones news services — that it is in advanced negotiations to acquire the shares of Stikine Resources (VSE). Stikine recently appointed…


Spot prices at a glance (October 23, 1989)

Week’s Price (US) Change Gold*$368.10+$7.70 Silver* $5.13+$ 0.08 Platinum*$487.00+$ 6.70 Nickel**$ 4.71–$ 0.01 Lead**$ 0.35+$ 0.02 Copper$ 1.32+ 0.02 Zinc$ 0.75–$ 0.01 Courtesy of Scotiabank. In…


Canadians develop taste for poison pill concept

Almost a year after Toronto- based Inco Ltd. (TSE) became the first Canadian company to adopt a shareholders’ rights plan, also known as a poison pill, the concept is beginning to catch on. As they se…


IOCC GOLD OPTIONS (October 23, 1989)

Options Open SeriesVolumeLastInterest Nov 360 C .6913.502,920 Nov 370 C .1675.002,016 Nov 380 C .2022.003,111 Nov 400 C .900.602,501 Feb 370 C .8415.00 250 Feb 380 C .1589.90 640 Feb 390 C .776.00 54…


FMC to explore Getchell’s Rock Creek property

An exploration agreement has been signed between Vancouver- based Getchell Resources (VSE) and FMC Gold (NYSE) in order to continue exploration and development work on the company’s Rock Creek propert…


COATS (over-the-counter) Dayton sheds 65 cents

The shares of Dayton Porcupine Gold Mines took a big drop this week, shedding 65 cents to close at $1.75 on six transactions. The company operates the Ross mine east of Timmins, Ont. Ore at that unde…


Major company may acquire Uranium Resources

A non-binding letter of intent is setting the stage for an undisclosed major public company to acquire all the outstanding shares of Uranium Resources (TSE). The proposed transaction was announced by …


Gold funds as of Oct 17

MVP BGR Central Capital Net value $11.61 $5.84 $0.57 Price $10.50 $5.62 $0.26 1/2 Discount 9.56% –3.7% 53.5% Value $69,138,767.60 $ 98,241,933 N/A…



Toronto Stock Exchange Indices (October 23, 1989)

1989 Oct 17Oct 16Oct 13Oct 12Oct 11HIGH LOW Composite “300” 3904.153927.293870.744012.434008.484037.833353.13 Metals & Minerals 3527.103601.703465.753652.943662.153919.203207.50 Integrated mines 3685….


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