Metal Prices FREE MARKET (December 17, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date December 11 December 10 December 7 December 6 December 5 Copper 1274-1276 1279-1280 …
News
U.S. REPORT Galactic, Cornucopia seek cash for overruns
Cost overruns and a shortfall in planned gold production from the Ivanhoe joint venture in Nevada have forced partners Galactic Resources (TSE) and Cornucopia Resources (TSE) to obtain an additional U…
IOCC GOLD OPTIONS (December 17, 1990)
Options Open Series Volume Last Interest Feb. 380 C 162 10.10 884 Feb. 390 C 344 8.50 1,310 Feb. 400 C 380 4.50 1,734 Feb. 410 C 116 3.60 1,382 Feb. 430 C 350 2.70 2,269 Feb. 450 C 300 1.50 843 May 43…
Partners planning program at Skookum
Equal partners Noront Resources (VSE) and Blue Emerald Resources (VSE) are planning a second-phase program for their Skookum property, 3.4 miles from the Eskay Creek deposit in northwestern British Co…
People DICKENSON MINES AND WHARF RESOURCES (December 17, 1990)
Robert McEwen appointed president of these companies succeeding David Libby who resigned; John Cook appointed both companies’ vice- president of operations.
Davidson purchase
An agreement to purchase the shares of private Ontario company Aurora Steel Services for $2.17 million has been concluded by Davidson Tisdale Mines (TSE), the mining company reports. Aurora manufactur…
Nooramex drilling Bunce gold project
A $500,000 drill program operated by Noramex Minerals (VSE) is now under way on the Bunce gold property in Pershing Cty., Nev. Funds for the reverse circulation drilling program were provided by Annab…
Hanson sells Newmont shares
Acquisition from Hanson PLC of London of a 42% interest in Newmont Mining (NYSE) for US$1.1 billion has been completed, General Oriental Investments of Grand Cayman Islands reports. At the same time, …
Golden Hope uncovers more high grade at Bellechasse gold bet
With a firm commitment from St. Genevieve Resources (TSE) to spend $2 million by Aug. 15, 1991, Golden Hope Resources (COATS) continues to uncover high-grade veins as it strips back overburden from th…
Chutine options Mexican properties
Options on two gold properties, Amelia Mine and Amelia 7, in Sonora, Mexico, near Magdalena, have been acquired by Chutine Resources (VSE) through a Mexican subsidiary. The company says both propertie…
Toronto Stock Exchange Indices (December 17, 1990)
Dec. 11 Dec. 10 Dec. 7 Dec. 6 Dec. 5 HIGH LOW Composite “300”3239.25 3236.85 3233.56 239.37 3226.52 4009.47 3009.91 Metals & Minerals 766.69 2754.03 2756.89 2774.13 2738.43 3453.06 2502.63 Integrated …
INSIDER TRADING Freewest Pres. Watson a buyer
Freewest Resources (TSE) President Mackenzie Watson will be a very rich man if his company’s Harker-Holloway, Ont., gold joint venture with Noranda (TSE) lives up to expectations. Figures released by …