Teck buying more GKR
The Toronto Stock Exchange has accepted a notice of intention from Teck Corp. (TSE) to purchase shares of Golden Knight Resources (TSE) and Trilogy Resource Corp. (TSE) on the open market. Teck may pu…
News
Goldcorp offering
Gold fund Goldcorp Investments Ltd. reports more than 17.5 million A warrants were issued pursuant to its rights offering made to the holders of its A shares, common shares and existing A share warran…
Base metals boost American Pacific
The latest financial results from American Pacific Mining (VSE) show sales of $16 million(US) and profits of $6.5 million after tax for the final quarter of its fiscal year ended Feb 28, 1989. The com…
Editorial Budget of broken promises
Promises. They’re easy to make, and in the case of politicians, difficult to keep. The Tory budget tabled by Finance Minister Michael Wilson in parliament last week was supposed to be a model of stric…
Spot prices at a glance (May 08, 1989)
Price Week’s ($US) Change($) Gold* 376.50 — 7.90 Silver* 5.64 — 0.14 Platinum* 534.50 +13.50 Nickel** 6.54 — 0.22 Lead** 0.29 + 0.01 Copper 1….
Queries Loss of Inspiration
I have an old stock certificate for 100 shares of Inspiration Ltd., dated Jan 6, 1969. What is the current status of this company and does the stock certificate have any value? L.B. Bathurst, N.B. U…
Redstone Resources completes offering
Toronto-based Redstone Resources (TSE) says it has successfully raised $800,000 through a rights offering. Net proceeds will be invested in mining ventures and related fields, according to President D…
New mill boosts FirstMiss earnings
Now that it has a new mill up and running at its Getchell gold mine project in northern Nevada, FirstMiss Gold Inc. (NASDAQ) is reporting a significant increase in its net earnings and operating profi…
Montreal Exchange Eastmain go-ahead
Mixed trading marked the week in Montreal, where the general market portfolio index jumped more than 30 pts and the mining and minerals index dropped almost 20 pts. Daily volumes ranged between 4.3 mi…
Royal Gold enters California venture
Denver-based Royal Gold (NASDAQ) has entered into a joint venture agreement with Standard Industrial Minerals of Sparks, Nev., for development of Standard’s Long Valley gold property in California. Th…
Varna, Gingrich Exp. complete Tilt deal
Calgary-based Varna Gold (ASE) and Gingrich Exploration have signed an agreement allowing Varna to earn a 100% stake in the Tilt Cove gold property in return for expenditures of $250,000. The property…
Former president of USMX named in Nevada lawsuit
Gold producer USMX Inc. is taking its former president to court over certain mining claims in Pershing Cty., Nev. USMX has filed a suit in Nevada alleging a breach of fiduciary duty by Gary Grauberger…