MinVen acquires gold prospect
Blackdome Mining, a wholly owned subsidiary of MinVen Gold (TSE), recently entered into an agreement to acquire a group of four claims known as the Elizabeth property, 19 miles south of the Blackdome …
News
Rhodium price heads skyward
Investors waiting for a rise in the price of gold might want to turn their attention to an expensive member of the platinum group of metals. Rhodium, used mainly in the manufacture of catalytic conver…
Corona revises plans for merger to bypass Pezim
Murray Pezim, chairman of Prime Resources (VSE), has forced Corona (TSE) to revise its plans for control of the Eskay Creek gold play. As a result of Pezim’s rejection of Corona’s bid for a larger sta…
Bema makes new discovery at Verde gold depostit in Chile
With the recent discovery of a new, higher- grade zone within the Verde deposit, Bema Gold (TSE) is projecting a sizable increase in reserves at its joint venture Refugio gold project in Chile’s Maric…
Algoma to sell stake in Tilden iron mine
Algoma Steel Corp., a wholly owned subsidiary of steel producer Dofasco, is seeking a buyer for its U.S. coal and iron ore interests, including its 30% stake in the Tilden mine, a Michigan-based iron …
Gratton to head Asbestos Institute
A former minister of revenue for the Liberal government in Quebec, Michel Gratton, has been appointed president of The Asbestos Institute, which has its headquarters in Montreal. Gratton, who served a…
Nickel demand to exceed supply
A review of recent trends in the nickel market has led analysts at Richardson Greenshields to forecast a positive outlook for nickel prices over the next year. “There is no sign of an end to the curre…
U.S. investors back Sheridan despite Madeleine uncertainty
One of Madeleine Mines’ (TSE) biggest shareholders is satisfied the company’s Lac des Iles palladium project near Thunder Bay, Ont., is progressing into production even though it has not met early dea…
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…
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….