Pioneer acquires stake in Big Bar Gold
By way of private placement and transfer of escrow shares, Pioneer Metals Corp. (TSE) will acquire control of Big Bar Gold Corp. (VSE) and its key asset, an option to earn a 49% interest in the Windy …
News
Toronto Stock Exchange Booming metals help composite reach new high
The metals and minerals index gave a helping hand to the composite index as it reached a new high this week of 3935.23 pts. Metals and minerals, which were up by more than 3% to 3415.96 pts, responded…
Eastmaque Gold records net profit
Eastmaque Gold Mines (TSE) reported net earnings of $682,225 for the nine months ended March 31. A net loss of 1 cents per share was recorded because of accrued dividends on the 8% outstanding prefer…
Noble Peak acquires BHP-Utah zinc deposit
Noble Peak Resources (TSE) has acquired a 100% interest in the Crypto polymetallic deposit in Utah from BHP-Utah International. BHP received one million Noble Peak common shares valued at $2.36 each. …
Lindsley hosts large reserve
Initial estimates of mineable reserves at Falconbridge Ltd’s (TSE) deep Lindsley deposit near Sudbury, Ont., place the tonnage at about seven million tonnes grading 1.6% nickel and 1.5% copper, along …
NovaGold placement
NovaGold Resources (TSE) has completed a private placement of shares through Swiss Canada Capital. The company sold 750,000 shares at an undetermined price. The buyer was Pierre Besuchet, a Swiss-base…
People (July 31, 1989)
COMMODITY EXCHANGE INC. (COMEX) — Arnold F. Staloff appointed president and chief executive officer succeeding Alan J. Brody who has resigned.
Falconbridge profit down on lower nickel price
Slightly lower prices for base metals combined with increasing costs resulted in reduced second- quarter earnings for major nickel miner Falconbridge Ltd. (TSE). The company reports that markets for i…
IOCC GOLD OPTIONS (July 31, 1989)
Options Open Series Volume Last Interest Aug 390 C 445 1.50 1,808 Nov 400 C 188 5.00 2,147 Nov 380 C 147 1.20 1,551 Aug 400 C 116 0.50 3,398 Aug 380 C 64 …
Goldteck completes drilling at Belview, Nev.
Goldteck Mines (TSE) has completed a drilling program on its Belview property in the Carlin district of Nevada. The drilling confirmed known reserves on the property but did not add significantly to t…
Gabanintha is a winner for Black Swan Gold
It’s safe to say that Black Swan Gold Mines (VSE) would prefer to have a majority interest in the Gabanintha gold mine 25 miles south of here. But to get the property into production the company (and …
East West to process Restigouche ore
Marshall Minerals Corp. (ASE) has entered into an agreement with East West Caribou Mining in connection with the processing of the ore outlined on Marshall’s Restigouche property and sale of the resul…