News

PRODUCER PRICES Metal Prices (September 04, 1989)

ALUMINUM: MW U.S. Market US82.00 cents – 84.00 cents per lb. (Aug 24, 1989). ANTIMONY: New York dealer US90 cents -95 cents per lb. (Aug 10, 1989). BISMUTH: New York dealer $4.70-$4.85(US) per lb. (A…


Falconbridge board backing Noranda-Trelleborg offer

The board of directors of Falconbridge Ltd. (TSE) is recommending to shareholders they accept the $37-per-share takeover offer of Noranda Inc. (TSE) and Trelleborg AB of Sweden. The directors previous…


Earnings Report (September 04, 1989)

Echo Bay Mines (TSE) posted a net profit of $7 million(US) or 7 cents per share for the second quarter. In the same period last year net earnings were $12.3 million or 13 cents per share. Revenue for…


Kewagama funding (September 04, 1989)

Kewagama Gold Mines (Quebec) (ME) has entered into a subscription agreement with a private company, 2161-6925 Quebec Inc., whereby the latter will subscribe to 200,000 common shares of Kewagama at 75 …


Ego starts drilling on N.W.T property

The first phase of a 12,000-ft diamond drilling program has started on the BB and Kennedy Lake properties under option to Ego Resources (TSE) and Asquith Resources (COATS), north of Great Slave Lake, …


Copper output losses mounting

Problems at the operations of Bougainville Copper in Papua New Guinea and of Highland Valley Copper in British Columbia are resulting in lost output of about 6,500 tonnes copper per week, Metals and M…


Gold Torch acquires stake in Goldstream

Gold Torch Resources (VSE) has acquired a one-third interest in the Goldstream copper-zinc mine and mill complex located near Revelstoke, B.C. To acquire its interest Gold Torch paid $5 million to Bet…


Rigorous scrutiny ahead for Shoal Lake gold project

Following months of intense political lobbying by concerned citizens groups, Consolidated Professor Mines’ (TSE) Duport gold project at Shoal Lake Ont., has been designated under the Environmental Ass…



South American Gold has Akaiwong results

Toronto-based South American Goldfields (TSE) has released initial deep auger drill results from its Akaiwong property under option to Homestake Exploration in Guyana. The Akaiwong property comprises …


Metal prices rebound after lengthy slide

Sliding metal and mineral prices in July helped bring the all-commodity index of Scotiabank down by 0.3% from the previous month. Oil prices were also lower that month, offsetting gains in forest prod…


Editorial Playing the game

It’s easy for investors to obtain a rate of return that will match the TSE 300, or so we’re told. Diversify, diversify, diversify. But when it comes to winning a game, that’s another story. Those …


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