Montreal Exchange Heavy Muscocho volume
Volume was light-to-moderate this week but investors seemed to know what they wanted. The general market portfolio index jumped almost 55 points for the week ended May 8, and the mining and minerals i…
1990
After completing an 18-hole drill program on the claims, the
In the Eastmain area of Quebec, Kingswood recently staked 280 claims in addition to the 125 claims it already holds in the vicinity of a copper-zinc-silver showing. Several senior companies have also …
Two new mines boost profit for Minnova in first quarter
Production contributions from the new Ansil and Samatosum mines in the first quarter of 1990 resulted in higher earnings for base metal and gold miner Minnova (TSE). Net income for the quarter increas…
Placer withdraws from Guyana project
Gold producer Placer Dome (TSE) has withdrawn from the Omai gold project in Guyana, South America, Golden Star Resources (TSE) reports. Golden Star says it has retained Wright Engineers of Vancouver t…
U.S.Report Biron Bay busy on U.S. gold bet
Toronto-based Biron Bay Resources (TSE) is planning additional drilling work this year on its Summit gold joint venture with NovaGold Resources (TSE) in the Steeple Rock mining district of New Mexico….
Westminer’s Gays River mill producing zinc concentrates
The mill at Gays River, N.S., is once again producing lead and zinc concentrates under the direction of owner Westminer Canada, the 100% owned affiliate of Australia- based Western Mining. When Westmi…
BOOKS IN REVIEWS Inactive gold projects on the rise
The number of inactive gold projects is on the rise, according to Metals Economics Group’s recent study, Potential New Canadian Gold Production. Ninety-nine Canadian gold projects were in reserves dev…
Alberta Stock Exhange Borealis gains 45 cents
Shares of Borealis Exploration posted a gain of 45 cents to close at $2.05 on volume of 22,500 during the report period ended May 8. Borealis owns several gold and platinum properties at Fat Lake and …
Collapse of Echo Bay deal has Flanagan group scrambling
A cloud has been cast over the Toronto-based Flanagan McAdam group of gold mining companies following the recent collapse of a property-share swap agreement with Echo Bay Mines (TSE). The surprise dec…
Mercur mine lawsuit postponed until fall
The Mercur mine lawsuit involving American Barrick Resources (TSE) and Utah exploration company Gold Standard (NASDAQ) probably won’t be tried until later this year. Originally scheduled to begin Apri…
Gold funds as of May 1
MVP BGR Central Capital Net value $10.86% %$5.73% $0.37% Price $9.375% %$6.000% $0.22% Discount 13.67% %4.7% 40.5% Value $64,670,865 $100,945,800 N/A…
Metal Prices (May 07, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 1 Apr. 30 Apr. 27 Apr. 26 Apr. 25 Copper 1755-1760 1578-1579 1624.50…