FUTURES PRICES (May 07, 1990)
N.Y. Commodity Exchange 0210,0107,0008,0107,0008,0107,0008,0111, Week’s High Low Close Change COPPER (HG) (in US cents per lb.) May 123.40 118.70 122.10 + 6.60 June 118.00 114.00 117.30 + 5.30 July 11…
News
Stable exploration industry would draw students to mining
Over the past five years, there has been a steady and disturbing drop in the numbers of students entering (and graduating from) earth science programs in most Canadian universities. The Council of Cha…
Australian Report Australian gold exploration declining
The Northern Territory government is considering a legal challenge to the Commonwealth government’s uranium policy. The Australian Labour Party (ALP), which was returned to office in the March 24 elec…
Prime’s latest falls short of `coarse gold’ expectations
Although not as spectacular as initially estimated, drill hole 90-489 from the Eskay Creek project north of Stewart, B.C., still turned out dazzling assay results for both precious and base metals. Pr…
Govt. watchdog reviewing Northgate, Westfield deal
A determined effort by some shareholders of Westfield Minerals (TSE) to persuade regulatory authorities to review the sale of Westfield’s interest in a Chilean gold mine to Northgate Exploration (TSE)…
COATS (over-the-counter) Windy copper reserves
Estimating preliminary reserves of 30 million tons grading 0.48% copper on its MacLeod Lake property north of Chibougamau, Que., Windy Mountain Explorations’ share price moved up 25 cents before dropp…
Toronto Stock Exchange Recession warnings keep volumes at lower
The warning bells that everyone has anticipated were sounded during the week ended May 1 when figures released by Statistics Canada revealed that Canada could be on the verge of an economic recession….
Million-oz. coin
Sales of the Australian Nugget gold coin recently reached one million ounces, less than three years after it was introduced. Government agency Goldcorp Australia says the coin, released in April, 1987…
Gold funds as of May 1
MVP BGR Central Capital Net value $10.86% %$5.73% $0.37% Price $9.375% %$6.000% $0.22% Discount 13.67% %4.7% 40.5% Value $64,670,865 $100,945,800 N/A…
Westar income slashed by higher costs
Higher costs associated with its forest products division have slashed earnings for Westar Group, the controlling shareholder of Westar Mining (TSE). Westar reported first-quarter net earnings of $0.4…
Golden Rule has 22% stake in Waddy Lake
GR Capital Corp., a subsidiary of Golden Rule Resources (TSE), says it will not be acquiring more shares of Waddy Lake Resources (TSE), except in compliance with all legal and regulatory requirements….
Thunderwood plans bulk sample on Pelletier Lake gold deposit
Favorable winter drill results from the Pelletier Lake gold deposit, two miles south of Rouyn-Noranda, Que., have given operator Thunderwood Resources (TSE) the confidence it needs to plan an undergro…