RFC begins program on Pend Oreille
With new management in place, RFC Finance (TSE) recently began a 20,000-ft. underground drilling program on its Pend Oreille property in northern Washington state. RFC is 44% owned by Kerr Addison Min…
News
Placer Dome drops Gerle Gold option
After carrying out an exploration program in 1990, Placer Dome (TSE) terminated an option agreement with Gerle Gold (VSE) providing for exploration of the McConnell Creek gold property north of Smithe…
Mexico lures mining with laws that ease rules, allow foreign
Prospects for a significant revival in the Mexican mining industry have been given a shot in the arm by recent changes to that country’s mining laws. On Sept. 27, 1990, the Mexican government official…
METAL PRICES PRODUCER PRICES (January 21, 1991)
ALUMINUM: MW U.S. Market US70.00- 71.50 per lb. (Jan. 10, 1991). ANTIMONY: New York dealer US78-80 per lb. (Nov. 29, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CADMIUM: New …
METAL PRICES FUTURES PRICES (January 21, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 112.10 108.50 108.65 –7.05 Feb 111.00 108.70 108.75 –6.80 Mar 110.20 107.50 107.70 –6.70 SILVER (in US cen…
South Dakota mining firms wait for impact study results
An initiative designed to limit exploration in South Dakota’s scenic Black Hills region was defeated in recent state elections by a narrow margin of 52% to 48%. But it appears that the battle between …
IOCC GOLD OPTIONS (January 21, 1991)
Options Open Series Volume Last Interest Feb. 390 C 641 20.70 1,772 Feb. 400 C 1,133 16.50 2,383 Feb. 410 C 968 11.50 2,058 Feb. 420 C 1,197 8.00 2,769 Feb. 430 C 505 4.50 878 Feb. 450 C 598 3.20 1,39…
Stratmin closing its smaller mill
Management of Stratmin Graphite says it has decided to temporarily close its smaller mill at its graphite operations north of Montreal. President Daniel Goffaux, attributing the cutback to a slowdown …
Nova-Cogesco gets shareholder nod
Shareholders of Nova-Cogesco Resources (ME) voted at a recent meeting in Montreal in favor of the sale of their company’s 20% interest in the Silidor gold mine just outside of Rouyn-Noranda, Que. Camb…
Anglesey’s plans for Parys Mountain holds historical significance
If Anglesey Mining and parent company, Imperial Metals (TSE), are successful with plans to bring on stream the Parys Mountain project in North Wales, it will become the first base metal mine of its ty…
Toronto Stock Exchange Prices mixed as market counts down to
If this week’s trading activity is any indication, the markets are in for a rough ride during the rest of 1991. In the period ended Jan. 15, the composite 300 index posted five successive losing sessi…
Grasberg boasts largest global gold reserve
An American company is claiming its Grasberg open pit mine in Indonesia has the largest published gold reserves of any of the world’s single operating mines. Freeport-McMoRan Gold (NYSE) recently anno…