IOCC GOLD OPTIONS (July 24, 1989)
Options Open SeriesVolumeLastInterest Aug 370 C * 60 8.50 729 Aug 380 C * 204 3.20 1,592 Aug 390 C * 560 1.20 2,053 Aug 400 C * 1,079 0.90 1,063 Nov 390 C * 100 9.50 1,714 No…
News
Sikaman’s Ghana assets to include placer bets
Toronto-based Sikaman Gold Resources (TSE) is planning to expand its interests to include two placer gold mining concessions in Ghana by amalgamating with Shefford Resources. Scheduled to be in produc…
Spot prices at a glance (July 24, 1989)
Week’s Price (US) Change Gold*$371.50–$ 8.00 Silver*$ 5.22–$ 0.03 Platinum*$499. 50–$ 9.00 Nickel**$ 5.62+$ 0.18 Lead**$ 0.32+$ 0.01 Copper$ 1.15+$ 0.03 Zinc$ 0.76+$ 0.01 Courtesy of Scotiaba…
Goldstake hunts for gold in Homestake’s shadow
For better than a century the Homestake mine has had the underground potential of the Black Hills beneath this town all to itself. Goldstake Explorations (TSE) has changed that. It has acquired a piec…
Inco and Pronto increase Cochenour-Willans reserves
Inco Gold, a wholly-owned subsidiary of Inco Ltd. (TSE), is getting good results from an exploration program on the former producing Cochenour-Willans gold mine near Red Lake, Ont. Pronto Explorations…
INSIDER TRADES (July 24, 1989)
Black Hawk Mg — DCC Equities bought 738,916 (Mar., private) @ 29 cents to hold 5,569,440. Shiningtree — J. Acton sold 120,000 @ 30 cents to hold 111,000. A Dorfman sold 120,000 @ 30 cents to hold …
Manitoba Minerals busy on 51 bets
After spending a record $4 million on exploration last year, Manitoba Mineral Resources (MMR) hopes soon to reach a decision regarding development of the Farley Lake gold deposit near Lynn Lake, Man. …
Editorial The value of exploration
It has always been difficult to quantify the value of grassroots exploration work. Without that work there would be no mineral discoveries, yet the scraping and scuffing of exploration hardly seems to…
COATS (Over-the-counter) McNickel active
Three Lac St. Jean area players were active this week, led by McNickel Inc., which reached a high of $3.30 on volume of 117,000 shares. The company successfully cleared a series of regulatory roadbloc…
Sphinx plans to heap leach surface ore at Duvay bet
Montreal-based Societe Miniere Sphinx (ME) is joining a growing list of Canadian companies who are attempting to mine gold profitably using heap leaching methods. While the inexpensive mining method h…
FINANCING (July 24, 1989)
Canmark Int’l Res — gross proceeds rec $240,000. Vera Cruz Minerals — min 500,000 offered @ 50 cents per sh. British Lion Mines — gross proceeds rec $245,000. Cons Heron — 600,000 shs sold for gr…
Gold funds as of July 18
MPV BGR Central Capital Net value $11.98 $ 6.10 $0.57 Price $10.38 $ 6.00 $0.35 Discount 13.36% 1.6% 38.6% Value $71,322,699.97 …