Spot prices at a glance (November 05, 1990)
Week’s Price (US) Change Gold* $379.25 + $8.15 Silver* $4.22 — $0.01 Platinum*$435.55 + $9.40 Nickel** $3.95 — $0.06 Lead** $0.33 — $0.02 Copper- $1.21 — $0.03 Zinc– $0.59 — $0.02 Courtesy of Sc…
News
Toronto Stock Exchange Noranda, Inco issues suffer as gold recovers
As Iraqi President Saddam Hussein promised to prepare his troops for an attack in the Persian Gulf, North American investors were also positioning themselves for the possibility of war. During the wee…
Curragh’s earnings buffeted by strong dollar, lower zinc price
A strong dollar and lower zinc prices contributed to a 33% drop in third-quarter earnings for lead-zinc producer Curragh Resources (TSE). Net income was $13.7 million (45 cents per share) compared wit…
Cazador to drill Hanson Lake anomaly
A 5-hole diamond drilling program is being planned by Cazador Explorations (VSE) for its Hanson Lake property near Burns Lake, B.C. The 30,000-acre property covers a large polymetallic soil geochemica…
Cominco reports lower profits at Pine Point during third quarter
Lower profits from Pine Point Mines and an operating loss at the Trail smelter brought about a significant drop in net earnings for Cominco (TSE) in its 1990 third quarter ended Sept. 30. Consolidated…
Stratabound gets first payoff from CNE bet
Calgary-based Stratabound Minerals (ASE) expects to bank revenues of $1-1.5 million from a recently completed bulk sample run at the Heath Steele Mines mill near Bathurst, N.B. The 12,000-ton sample, …
Metal Prices FREE MARKET (November 05, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date October 30 October 29 October 26 October 25 October 24 Copper 1348-1350 1356-1358 14…
Corona raises stake in Prime Res. by 1%
With the private purchase of 700,000 additional shares, Corona (TSE) has increased its stake in Prime Resources Group (VSE) to 44%. Prime owns a 50% interest in the Eskay Creek gold property in Britis…
Giant increases quarterly output
Consolidated earnings of $923,000 were reported by Giant Yellowknife Mines (TSE) for the first nine months of 1990, compared with $2.9 million for the same period last year. During the third quarter, …
IOCC GOLD OPTIONS (November 05, 1990)
Options Open Series Volume Last Interest Nov. 370 C 190 10.10 649 Nov. 380 C 174 5.00 1,053 Nov. 390 C 672 3.40 1,861 Nov. 430 C 200 0.80 3,556 Nov. 460 C 2,200 0.45 3,825 Feb. 420 C 192 6.20 1,160 Fe…
Dome mine workers end 6-month strike
Workers at the Dome gold mine of Placer Dome (TSE) voted 75% in favor of accepting a new contract. The agreement, approved Oct. 31 by the workers, ended a 6-month strike by the 575 members of Local 75…
Homestake earnings ease
The 1990 third-quarter earnings of Homestake Mining (NYSE) were US$1.7 million, compared with US$2 million reported for the comparable period in 1989. Net income for the first nine months of the year …