EDITORIAL Slowing Soviet gold sales
The gold price strengthened a bit during the past week, and there are indications that it could bounce back even more in the near future. Perhaps the most important single factor behind the price incr…
News
United Coin gold production falls short of 24,159-oz. target
During the first six months of the year, gold production from the Golden Reward heap leach operation in the Black Hills gold camp of South Dakota amounted to about half of United Coin Mines’ (TSE) tar…
St. Genevieve’s stake in Louvem may be key to settlement with Aur
Just eight weeks before litigation involving the Louvicourt Twp. massive sulphide discovery is scheduled to be heard in court, partners Aur Resources (TSE) and Societe Miniere Louvem (TSE) are attempt…
IOCC GOLD OPTIONS (July 09, 1990)
Options Open Series Volume Last Interest Aug. 360 C 53 9.60 448 Aug. 370 C 153 4.50 499 Aug. 380 C 53 2.10 777 Aug. 440 C 100 0.50 1,223 Nov. 380 C 63 8.90 345 Nov. 380 C 52 7.00 277 Nov. 400 C 223 4….
Spot prices at a glance (July 09, 1990)
Week’s Price (US) Change Gold* $361.25 + $10.95 Silver* $4.94 — $0.13 Platinum* $488.75 + $10.00 Nickel** $3.90 + $0.01 Lead** $0.41 + $0.02 Copper- $1.20 + $0.05 Zinc– $0.75 — $0.05 Courtesy of Sc…
Soviet delegates to meet Alaskans
The 15th annual convention and trade fair of the Alaska Miners Association will be held Nov. 5-9 at the Hotel Captain Cook in Anchorage. Speakers from the Soviet Union plan to exchange ideas and techn…
NEWS IN BRIEF Goldbrae Developments Ltd.
Goldbrae Developments Ltd. (GOB:VSE) has changed its name to New Goldbrae Developments Ltd (NGG:VSE) and consolidated on a 1-new-for-5-old basis. Montreal Trust is the transfer agent.
PRODUCER PRICES (July 09, 1990)
ALUMINUM: MW U.S. Market US72.25- 74.25 cents per lb. (Jun. 21, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$3.05-3.15 per lb. (Jun. 21, 1990). C…
Skyline shuts Johnny Mountain
After spending almost two years in a fruitless struggle to achieve profitability, Skyline Gold (TSE) plans to suspend mining operations this fall at its Johnny Mountain gold project in northwestern Br…
Teck part of bid to buy Mexican copper operation
A consortium of Canadian, West German and Mexican interests is offering to buy the bankrupt Cananea copper mine from the Mexican government. The consortium, known as Cupriofera Cananea, submitted the …
Rea options copper prospect
A copper prospect 12 miles north of the producing Samatosum mine near Kamloops, B.C., was recently optioned by Rea Gold (TSE). Rea can earn a 100% interest in the 4,100-acre property by paying $200,00…
Blue Dog drilling confirms good values
Associated companies Gold Canyon Resources (VSE) and Bradner Resources (VSE) continue to report encouraging results from drilling on the Adit zone at the Blue Dog property in Washington Cty., Idaho. T…