Soviets seek council seat
The Soviet Union is reported to have applied to join the World Gold Council, a lobbying and promotional group whose membership includes more than 90 non- communist mining companies. The application wa…
News
Cominco earnings dive in first half
Earnings for Cominco (TSE) in the first half of 1990 plunged to $40.3 million from the $141.3 million reported for the first half of the previous year. The drop in earnings was attributed to reduced v…
IOCC GOLD OPTIONS (August 20, 1990)
Options Open Series Volume Last Interest Aug. 390 C 1,970 23.50 1,600 Aug. 400 C 1,975 7.50 2,004 Aug. 410 C 1,025 6.00 774 Aug. 420 C 1,708 4.00 1,064 Aug. 430 C 2,086 1.00 1,168 Nov. 400 C 1,076 25….
Placer promises $53 million to gain stake in Mt. Milligan
Perhaps taking a cue from rival Corona’s wheeling and dealing in the Eskay Creek saga, Placer Dome (TSE) has secured a lockup agreement with certain shareholders of Continental Gold (TSE) whereby they…
U.S. REPORT Infill drilling on Crown Jewel shows continuity
Drilling on the Crown Jewel project in northeastern Washington State continues to return encouraging results. Battle Mountain Gold (NYSE) is earning a 51% interest in the project from Crown Resources …
Finland invites papers
Kaivos ’91, to be held in Helsinki, Finland, invites papers that study examples of “tomorrow’s mine and plant practice” and show “how to cut costs, improve productivity and increase safety.” The sympo…
Business Bureau warns of offshore investment scams
North American investors swept up in the new overseas investment craze would do well to temper their euphoria with the utmost caution, since a new breed of con artists is cashing in on the rush to glo…
Echo Bay’s production costs overshadow higher revenues
Following a disastrous first quarter, Echo Bay Mines (TSE) may be on the verge of a turnaround. For the three months ended June 30, the gold producer reported earnings of US$778,000, or 1 cents per sh…
U.S. REPORT Glamis takes option to buy Echo Bay’s Randsburg play
Rand Mining, an operating subsidiary of Glamis Gold Mines (TSE), recently acquired all of the Randsburg, Calif., properties owned by Echo Bay Mines (TSE). The 5,600-acre land package includes the Balt…
Toronto Stock Exchange Indices (August 20, 1990)
Aug. 14 Aug. 13 Aug. 10 Aug. 9 Aug. 8 HIGH LOW Composite “300” 3497.52 3478.50 3476.61 3476.91 3476.04 4009.47 3334.13 Metals & Minerals3180.75 3177.39 3197.77 3232.36 3226.85 3453.06 2850.84 Integrat…
Vior gets another good intersection
A single high-grade drill intersection of 30.7 ft. grading 0.69 oz. gold per ton has been reported by Inco (TSE) and its two partners from the Douay joint venture, eight miles northeast of Joutel, Que…
Gulf crisis brings volatility back to gold prices
The gold price is proving to be extremely volatile as investors react quickly to political manoeuvering in the Middle East. In recent days, gold soared to US$415.50 as the likelihood of armed conflict…