Investors wary of NDP win in Ontario’s election
Investors reacted negatively to the unexpected election of the New Democratic Party to a majority government in Ontario on Sept 6. Several mining companies with operations in the province saw their sh…
News
FUTURES PRICES (September 17, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sept 135.20 133.80 134.80 + 6.70 Oct 132.80 132.00 132.30 + 5.40 Nov — — 130.65 + 5.25 SILVER (in US cents per …
U.S. REPORT Cyprus Minerals plans copper smelter expansion
Colorado- based Cyprus Minerals (NYSE) is seeking the necessary state and federal approvals to begin work on a major US$92.5 million modernization and expansion program at its copper smelter in Miami,…
HIGHGRADING, PT. 2 OPP formed Gold Squad following 1938 gold theft
The time: 3 a.m., June 7, 1938. Using a small hacksaw, two men cut two steel bars from a small chest-high window at the rear of the Dome mine refinery in South Porcupine, Ont., and climbed in. Moments…
U.S. REPORT Uranium Resources to supply U.S. utility
A subsidiary of Dallas-based Uranium Resources (TSE) has signed a long-term uranium supply contract with a major U.S. electric utility. The deal calls for Uranium Resources to supply the utility with …
EDITORIAL PAGE A view from Wall Street (An editorial from The Wall
The word went out in November 1989 that socialism is dead, but the message doesn’t seem to have arrived in Ontario yet. Voters in Canada’s biggest and richest province gave the socialist New Democrati…
Onitap fights back
Onitap Resources (TSE) has hired legal counsel to defend itself against Exploration Orex (TSE), which is claiming damages for breach of trust, breach of fiduciary duty and injurious falsehoods at the …
Toronto Stock Exchange Indices (September 17, 1990)
Sept. 11 Sept. 10 Sept. 7 Sept.6 Sept. 5 HIGH LOW Composite “300” 3272.24 3287.65 3287.02 3312.80 3333.19 4009.47 3272.24 Metals & Minerals3005.41 2984.24 2976.62 2987.08 3032.76 3453.06 2850.84 Integ…
19 million tons outlined on Goldex Extension
Partners Goldex Mines (TSE) and Ormico Exploration (ME) have successfully increased the mineral inventory at the Goldex Extension zone to 19.4 million tons grading 0.070 gold per ton. An underground e…
Time running out on Lencourt’s option
Its a race against time as Lencourt (TSE) seeks formal approval from the Zaire government to purchase a Zairean mining company. Lencourt’s option to purchase a 72% interest in Sominki, a tin and gold …
Big Springs showcase for Nevada mining
The Big Springs gold mine 60 miles north of this thriving community isn’t the newest or the largest mining operation in the state. It does, however, have the unique distinction of being the first hard…
Production and costs up at Eastmaque’s Kirkland Lake project
A record 2,100 oz. of gold was produced at Eastmaque Gold Mines’ (TSE) Kirkland Lake tailings project in August, following declining production in the second quarter. Lower plant feeds and metallurgic…