Hecla, Mispec deal
Hecla Mining has acquired an option on the Cape Spencer, N.B., gold property owned by Mispec Resources (ME). Under the terms of their agreement, Hecla has the right to earn a 51% interest in the claim…
News
Correction (January 01, 1990)
Contrary to what was reported (N.M., Dec 25/89), Toronto-based Dundee-Palliser Resources (TSE) is not earning a 50% stake in VSM Exploration’s (ME) Grevet Twp. zinc project in northwestern Ontario. Du…
Montreal Exchange Wrightbar advances
The Christmas holiday may have shortened the trading week to three days, but the news was mostly cheery. The metals and minerals index closed up 18.6 points, while the general market portfolio index m…
Gold funds as of Dec 27
MVP BGR Central Capital Net value $12.39 $6.43 $0.50 Price $10.875 $6.50 $0.35 Discount 12.23% 1.1% 30% Value $73,775,115 $109,357,95…
Metal Prices FUTURES PRICES (January 01, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan108.50 107.90 107.90 + 3.10 Feb108.20 107.85 107.80 + 3.20 Mar108.30 106.70 10…
Explorers Recover Gold Bars and More
Explorers who found the wreck of a 19th-century steamboat off South Carolina two years ago are hauling up a trove of gold coins and bars that could be worth up to $1 billion. The booty aboard the SS C…
IOCC GOLD OPTIONS (January 01, 1990)
Options Open SeriesVolumeLastInterest Feb 370 C 7549.50 484 Feb 400 C 6221.702,408 Feb 410 C 5117.001,449 Feb 420 C 44411.502,669 Feb 430 C 49 7.002,546 Feb 440 C 49 4.50 949 May…
Cameco shutdown
Cameco has extended the annual summer shutdown at its Blind River and Port Hope uranium refineries to four months in 1990. Both facilities will be shut down in mid-June and will resume operations in O…
Keevil to speak at Hall of Fame’s induction banquet
Keynote speaker at the upcoming second annual induction banquet and ceremony of the Canadian Mining Hall of Fame will be Norman Keevil Jr., president and chief executive officer of Teck Corp. and cha…
News in Brief (January 01, 1990)
Pegasus Gold (TSE) has declared a 10 cents (US) dividend on its common shares payable Jan 5 to shareholders of record Dec 22.
New B.C. mining tax laws take effect
New streamlined and updated mining tax laws for British Columbia mines will take effect in January, 1990, Mines Minister Jack Davis recently announced. “This simplifies administration, encourages inve…
Hard times for Hardrock during funding search
Toronto-based junior Hardrock Extension (TSE) says it is “exploring all avenues” to raise funds for exploration work on its gold property near Geraldton, Ont. An underground exploration program was pl…