FINANCING (April 24, 1989)
ONTARIO Mountain Beaver Res — final rec iss offer 2,650,000 @ 56 cents per sh to net $848,000. Windy Mountain Expls — final rec iss offer 1,239,700 @ $1.50 per sh to net $1,043,009.20. VANCOUVER Bur…
News
Falconbridge to exhaust reserves at Owl Creek bet
Reports that one of Falconbridge Gold’s (TSE) two producing gold mines will run out of ore later this year should not be construed as cause for alarm, says Chairman Brian Ferguson. Open pit reserves a…
Dofasco ups stake in Quebec Cartier
Hamilton-based steelmaker Dofasco Inc. (TSE) says it has agreed to purchase the remaining 75% interest in Quebec Cartier Mining Co. from USX Holdings of New York for an undisclosed sum. Last month, Do…
Spot prices at a glance (April 24, 1989)
Price Week’s ($US) Change($) Gold* 382.90 — 1.25 Silver* 5.76 + 0.06 Platinum* 543.10 +15.60 Nickel** 6.96 + 0.38 Lead** 0.28 + 0.02…
Metal Prices PRODUCER PRICES (April 24, 1989)
ALUMINUM: MW U.S. Market US96.00- 98.00 cents per lb. (Apr 13, 1989). ANTIMONY: New York dealer 99 cents -$1.01(US) per lb. (Apr 6, 1989). BISMUTH: New York dealer $6.55-$6.70(US) per lb (Apr 13, 1989…
Metal Prices (April 24, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 18 Apr 17 Apr 14 Apr 13 Apr 12 Copper 1803-18…
IOCC GOLD OPTIONS (April 24, 1989)
Options Open Series Volume Last Interest May 390 C 1,417 5.00 1,556 May 400 C 2,429 2.20 3,690 May 420 C 1,540 0.60 2,773 May 440 C 333 0.30 2,30…
Montreal Exchange Stratmin moves up
Canada’s most profitable mining company was the most active issue on the Montreal Exchange this week. Inco gained a dollar to close at $36.12 on 400,000 shares traded as it reported first-quarter net …
Trader completes drilling
A diamond drill program has been completed by Trader Resources (TSE) on a gold property in Macklem Twp., east of Timmins, Ont. Recommendations as to the size and scope of future exploration work will …
Total moves into Idaho
Total Energold Corp. (TSE) has acquired the Gold Star project near Salmon, Idaho. The claims are 15 miles northeast of the Beartrack gold deposit controlled by Meridian Minerals. The Beartrack deposit…
INSIDER TRADES (April 24, 1989)
Atlantic Goldfields — A. Howe sold 115,000 (Feb.) @ 66 cents to hold 85,000. Card Lake — D. Bell bought 85,600 (Dec.) @ 35 cents to hold 285,600. Cons. Imperial Res. — L. Swartz sold 54,430 (Mar.,…
Metal Prices FUTURES PRICES (April 24, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr143.25 142.00 142.80 + 1.80 May141.10 139.10 140.90 + 0.90 Jul133.50 131.50 …