FUTURES PRICES (November 05, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 118.00 117.00 117.55 — 10.60 Dec 116.50 114.80 115.65 — 7.00 Jan 113.50 112.80 113.20 + 9.30 SILVER (in US …
News
Quintette appeals
Following a ruling by the British Columbia Court of Appeal upholding the reduction in contract price for its coal, Quintette Coal has gone to the Supreme Court of Canada in an attempt to overturn the …
PROFILE Nobel Peak’s Jensen has global vision
Viewed by some as a world- class polymetallic zinc deposit, Noble Peak Resources’ Crypto project in Utah is currently explored by Cyprus Metals Exploration and equal partner Mitsui of Japan. At full p…
Tulsequh drilling results batter Redfern
Recent drilling results from the Tulsequah Chief project in northwestern British Columbia helped initiate a free fall in the share price of Redfern Resources (TSE). The junior has earned a 40% interes…
Vancouver Stock Exchange No end in sight to market slide
The Vancouver market renewed its slide over the period ended October 30, with the Composite Index shedding almost 17 points to finish at 524.46 while the Resource Index followed suit for a 28-point lo…
U.S. REPORT Explorers shun recent sale of Minnesota mineral leases
Minnesota has been left out in the cold as exploration gears up in the Rhinelander-Ladysmith greenstone belt of neighboring Wisconsin. Although Minnesota put thousands of mineral leases up for sale du…
People TRIMIN RESOURCES
Peter Bradshaw, Brian Fraser, Terry Holland, Randy Turner elected to the board.
Low potash prices hurt Potash Corp.
Low potash prices continue to take their toll on on Potash Corp. of Saskatchewan (TSE) whose annual potash output represents about 15% of the world’s total production capacity. For the three months en…
Strike hurts third quarter at Brunswick
An ongoing strike at the Brunswick lead-zinc mine near Bathurst, N.B., has led to another disappointing third quarter for Brunswick Mining and Smelting (TSE). Brunswick reported a net income of $181,0…
High interest rates take toll on Noranda’s profit
Stung by high interest rates, Noranda (TSE) saw its third- quarter net income plunge to $18 million (1 cents per share), down from $101 million (49 cents per share) in the year-earlier period. The 82%…
Producer Barrick is well hedged
Growing gold producer American Barrick Resources (TSE) has more than 3.4 million oz. hedged through gold loans, forward sales, options and spot deferreds. Greg Wilkins, chief financial officer, recent…
Hemlo mines’ profit improves but Teck’s earnings decline
Increased gold production from two Ontario gold mines enabled Teck (TSE) to report a new record in operating profit from mining activities during its third quarter ended Sept. 30. Operating profit fro…