Golden Myra gets nickel play
Golden Myra Resources (TSE) has acquired a nickel prospect in the Lac Bellemare area north of Chicoutimi, Que. The 20-claim property is near the nickel discovery made on a property controlled by Terre…
News
Metal Prices (February 06, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 31 Jan 30 Jan 27 Jan 26 Jan 25 Copper …
People (February 06, 1989)
VILLENEUVE RESOURCES — Matthew Sumich appointed to the board of directors.
Editorial Money is no object
It must be nice to say “money is no object.” Just ask Ontario Hydro. The provincial government agency has recently announced its plans to reduce sulphur dioxide emissions as required by the Ontario …
Aur close to full production at Kierens zone gold deposit
Having moved a step closer to full production at its Kierens zone deposit at Val d’Or, Que., Aur Resources (TSE) is taking major strides at two other Quebec properties. Full commercial production is e…
Nickel showing prompts company to become public
A nickel-copper discovery made last year in the Lac St. John area of Quebec has generated substantial investor interest and at least one company plans to go public on the strength of its mineral claim…
Tyranite, Fireweed share priority status: Gunnar
Following a corporate consolidation, Gunnar Gold Mining is again trading on the Alberta Stock Exchange. The company’s recent consolidation was completed on the basis of one new share for every 10 issu…
Gold funds as of Jan. 31
BGR Goldcorp Central MVP Capital Net value $12.06 8.93 6.79 0.85 Price$ 9.375 6.125 5.875 0.69 Discount 22.26% 31.4 13.5 18.8 Value …
Toronto Stock Exchange Rally contunues unabated on strong volumes
The New Year’s rally continued unabated as 30 million shares exchanged hands today moving the composite index up 23.94 pts. Today’s close of 3640.58 pts represents a 72-pt increase over our review wee…
Belmoral changes terms of Ketza River purchase
Purchase of the Ketza River gold mine in the Yukon Territory by Belmoral Mines (TSE) will go ahead but on different terms from those previously announced. Belmoral Mines Chairman Kenneth Dalton said t…
Earnings Reports (February 06, 1989)
North American Metals (VSE), a 73%-owned subsidiary of Homestake Mining (NYSE), reports a net loss for the year ended Aug 31 of $942,458 or 13 cents per share. For the same period a year earlier the c…
Cambior backs off from deal to acquire Nova-Cogesco shares
Having failed to obtain at least 90% of the outstanding shares of Nova-Cogesco Resources (TSE) in a takeover bid of the company, Cambior Inc. (TSE) has decided against pursuing its offer. Gold produce…