Spot prices at a glance (February 06, 1989)
Price (US) Change Gold (per oz)$392.00–$12.75 Silver (per oz)$ 5.82–$ 0.30 Platinum (per oz)$520.00–$13.00 Copper (per lb)$ 1.50–$ 0.04 Lead (per lb)$ 0.29–$ 0.01 Zinc (per lb)$ 0.87+$ 0.03 Nic…
News
News in Brief (February 06, 1989)
Suneva Resources has changed its name to International Suneva Resources Ltd. (ISN:VSE) on a 1-new-for-3 1/2-old share basis.
Women’s conference
Judy Erola, a former mines minister for the federal government, will give the luncheon address on March 3, at a Northern Women’s conference on resources and environment in Sudbury. Women from northern…
Copper refinery sale
Louisiana Land and Exploration Company (LL&E) said its wholly- owned subsidiary, White Pine Leasing, had consummated the sale of its electrolytic copper refinery to Copper Range Company (CRC) for $14….
Internat’l Mahogany acquires interest in Quartz Mountain
Vancouver- based International Mahogany Corp. (TSE) has filed notice with the U.S. Securities and Exchange Commission disclosing it has acquired a greater than 5% interest in Quartz Mountain Gold Corp…
Teeshin files lawsuit
Teeshin Resources (VSE) has filed a $6.5-million claim of lien against the Dome Mountain gold property in British Columbia. The sum represents the amount of money Teeshin says it spent on exploration …
Montreal Exchange Cambior withdraws bid
The takeover bid by Cambior Inc. for Nova-Cogesco Resources is off, says the former. The major Quebec gold producer, having upped its price from $1.50 per share of Nova Cogesco to $1.80, now says beca…
Letter to the Editor Corona confusion (February 06, 1989)
I would like to point out an error in your newspaper which is causing grief and anxiety to Corona Corporation and its shareholders and general confusion in the marketplace. In your dividends section (…
Correction (February 06, 1989)
Capital costs at the Namew Lake mine in northern Manitoba, totalling $70 million, were shared 40% by Outokompu Mines and 60% by Hudson Bay Mining & Smelting, not 100% by Outokompu as was stated in (N….
Record year for Falconbridge makes it a ripe takeover bet
Strong nickel and copper prices have combined to drive Falconbridge Ltd. (TSE) to the most profitable year in its history. Earnings reported by Falconbridge for the year ended Dec 31 were a record $34…
Corona/Huntington plan development (February 06, 1989)
A comprehensive development program budgeted at $661,000 is planned by partners Corona Corp. (TSE) and Huntington Resources (VSE) for the Brett claims located about 25 km west of Vernon, B.C. The proj…
Judge dismisses Scintilore suit
A lawsuit by Scintilore Explorations (TSE) seeking ownership of the David Bell gold mine at Hemlo in northern Ontario has been dismissed. Supreme Court of Ontario Justice Robert Montgomery ruled Scint…