FUTURES PRICES (July 02, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) July 108.50 107.10 108.35 — 4.65 Aug 107.70 106.50 107.60 — 4.00 Sept 106.90 105.25 106.85 SILVER (in US cents …
News
Future uncertain for Durham with antimony mine shut down
The current outlook for Landmark Corp. (TSE) is “uncertain at best,” says Ronald Coleman, president and CEO, pointing out that junior mining companies are experiencing tough times. “But we hope we’re …
Robert Cleaver, president of Goldstake Explorations (TSE), which
The U.S. Environmental Protection Agency will require some controls for the mining operation. One example Cleaver cited was the recovery of wind-blown tailings from area properties. Cost of that clean…
Toronto Stock Exchange Indices (July 02, 1990)
June 26 June 25 June 22 June 21 June 20 HIGH LOW Composite “300” 3495.13 3474.16 3490.72 3526.24 3530.48 4009.47 3334.13 Metals & Minerals 3134.75 3128.57 3159.09 3206.88 3188.01 3453.06 2850.84 Integ…
U.S.REPORT Cornucopia appoints financial advisor
Shearson Lehman Hutton has been appointed by Cornucopia Resources (TSE) to act as the company’s advisor in the proposed merger with Galactic Resources (TSE). The proposed business combination between …
Eskay Creek drilling suggests extension on Adrian ground
With two drill rigs still at work, Prime Resources Group (VSE) has released results from several holes designed to test the northward strike extent of the 21B deposit at the Eskay Creek project north …
Metal Prices FREE MARKET London Metal Exchange (July 02, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 26 June 25 June 22 June 21 June 20 Copper 1445-1450 1460-1462 1481-1483 1465-1467 1460-1463 Lead 493-…
Quintette loses appeal on award
The British Columbia Supreme Court has denied an appeal by Quintette Coal to have portions of the price award issued last month by an arbitration panel set aside. Quintette had appealed the $46 millio…
TAX ANGLES Quebec’s mining duty rebates apply to exploration
I ran into Charlie Wells at lunch time one day last week. “Barry, you’re just the man I’ve been looking for.” “And I’m glad to see you, Charlie,” I responded somewhat warily, since Charlie runs a smal…
Glimmer focuses on Hislop project
The last three holes of an 18-hole drilling program on Glimmer Resources’ (VSE) Beatty-Hislop property will get under way sometime in July. Noranda (TSE), Glimmer’s joint venture partner, will also pr…
Golden Pacific plans to drill Penon bet
A recently completed exploration program on the Penon Blanco property owned by Golden Pacific Resources (ASE) has the company planning a drilling program. The property is located near Coulterville, Ca…
U.S.REPORT Cash infusion boosts Plexus’ outlook
At first glance, the balance sheet of Plexus Resources (TSE) as of March 31, 1990, would give most investors an itchy trigger finger. At that time, working capital was a negative US$4.7 million while …