Merrill to act as agent for Poco sale
Merrill Lynch Canada will act as financial adviser and agent in connection with Corona’s (TSE) planned sale of its oil and gas holdings in Poco Petroleums and Avalon Corp. Last month, Corona announced…
1990
$43-per-oz. improvement for Dome
The manager of Placer Dome’s (TSE) Dome mine in Timmins says the company hopes to reduce its average production costs by as much as US$43 per oz. Robert Perry made the comment at the conclusion of a 6…
Anglo encouraged
Narrow intersections carrying visible gold have been reported by Anglo Canadian Mining (TSE) from some recently completed drill holes on its MWF property near Timmins, Ont. The claims are situated in …
Commodity index on the rebound
Helped in part by rising base metal prices, the all-commodity price index of Scotiabank, on the rebound since the first quarter of the year, is riding slightly above levels of 12 months ago. In Septem…
Audrey, Minnova officials blame brokers for rumors
Rumors sparked by a 55 cents increase in the price of Audrey Resources (TSE) shares and a shortage of reserves at four mines held by Minnova (TSE) recently led investors to conclude that Audrey may be…
Swiss bank case could force Comaplex to sell more assets
Under normal circumstances, recent assays from the Meliadine gold project in the Northwest Territories would have offered Comaplex Resources International (TSE) a financial shot in the arm. The announ…
EDITORIAL PAGE Staking rush, or facsimile thereof
The last of Ontario’s great races from claim staking to the mining recorder’s office turned out to be little more than a race to the telephone. The biggest problem was finding a telephone. When 2,400 …
Forbex agreement
A preliminary agreement has been reached between Ressources Miniere Forbex (ME) and Minnova (TSE) regarding the optioning of property in Beauchastel Twp., near Rouyn-Noranda, Que. The agreement will g…
Avondale, Gulf report assays
Underground drilling of the AK zone on the Inel project in the Iskut River area of northwestern British Columbia is returning mixed results for partners Avondale Resources (VSE) and Gulf International…
GOLDFUNDS (November 12, 1990)
MVP BGR Central Capital Net value $10.01 $5.54 $0.28 Price $9.25 $5.125 $0.14 Discount 7.59% 7.5% 50.0% Value $59,611,946 $86,224,538 N/A…
Citadel Gold buying Jam-Can
Toronto-based Citadel Gold Mines (TSE) has agreed to buy all the shares of Jam-Can Resources, a private company, in exchange for 1.45 million shares of Citadel at 15 cents per share. Jam-Can holds thr…
METAL PRICES FUTURES PRICES (November 12, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 115.80 114.80 115.00 — 2.55 Dec 115.40 113.40 114.95 — 0.70 Jan 114.20 114.20 114.15 +0.95 SILVER (in US ce…