Corrections (October 15, 1990)
Deak Resources (TSE) says it will begin mining an open pit reserve of 50,000 tons averaging 0.18 oz. gold per ton at the Garrison gold project near Kirkland Lake, Ont. An incorrect figure was publishe…
News
PEOPLE (October 15, 1990)
RINSEY MINES Charles Main elected president succeeding Carl Schepannek who has been appointed secretary and chief financial officer; Joseph Faulkner appointed vice-president, Investor Relations.
PEOPLE NEW YORK MERCANTILE EXCHANGE
Richard Henken appointed vice-president of marketing.
Metal Prices FREE MARKET (October 15, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date October 9 October 8 October 5 October 4 October 3 Copper 1460-1464 1454-1456 1470-14…
Improvements continue at the Teck-Corona Williams mine.
The Teck-Corona Williams mine at Hemlo, Ont., is expected to produce about 500,000 oz. of gold this year, maintaining its 1989 status as the largest gold bullion producer in the nation. The mine’s imm…
Noble Peak releases assays from Utah polymetallic bet
Cyprus Metals Exploration and equal partner Mitsui of Japan have tabled the first results from an 8,000-ft. drill program on Noble Peak Resources’ (ASE) Crypto zinc deposit in Utah. The first of five …
New mines minister named in Quebec
A new minister for mines for Quebec has been named following a cabinet shuffle by Premier Robert Bourassa. Deputy premier Lise Bacon has assumed direct responsibility for the mines portfolio under her…
Magnacon comparison forms basis for Belmoral valuation
When Strathcona Minerals was attempting recently to prepare a valuation on Belmoral Mines’ (TSE) Val d’Or, Que., mill and two money losing gold mines, it took what seemed to be the only course open to…
Pegasus set to open sixth U.S. mine
The Black Pine property in Idaho is slated to become the sixth mine for Pegasus Gold (TSE), a Spokane-based producer which currently turns out over 340,000 oz. gold from five operating mines in the we…
PRODUCER PRICES (October 15, 1990)
ALUMINUM: MW U.S. Market US83.50- 87.00 cents per lb. (Oct. 4, 1990). ANTIMONY: New York dealer US80-83 cents per lb. (Sep. 6, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CAD…
Corona puts Poco stake up for sale
Recent dramatic increases in the price of oil have provided Corona (TSE) with a perfect opportunity to seek a buyer for its stake in Poco Petroleums (TSE). Peter Steen, president of Corona, said the c…
T.V. expose of VSE ignores mining
Mining exploration and development companies make up about 70% of listings on the Vancouver Stock Exchange. Despite this, the exchange’s important role in North American mining didn’t rate a mention i…