Spot prices at a glance (February 26, 1990)
Week’s Price (US) Change Gold* $420.60 +$ 4.60 Silver* $ 5.34 +$ 0.05 Platinum* $531.15 +$15.05 Nickel** $3.28 +$ 0.13 Lead** $0.38 +$ 0.03 Copper-$ 1.10 +$ 0.05 Zinc $0.65 +$ 0.03 Courtesy of Scotiab…
News
U.S. Report Nevada mining ventures not restricted to majors
It is easy to get the mistaken impression that small to mid-sized companies, stacked alongside giants like Newmont Mining (NYSE) and American Barrick Resources (TSE), aren’t playing much of a role in …
Pegasus breaks records
Record production, revenues, and cash flow were reported by Pegasus Gold (TSE) for the year ended Dec. 31. Pegasus produced 341,400 oz. of gold for revenues of US$178.4 million and cash flow of US$59….
Goldteck drilling placer bet in Chile
Drilling of 353 holes in an on-going program of placer gold exploration in central Chile has been completed by Goldteck Mines (TSE). The company reports 40% of the holes were gold-bearing. One of the …
Uranium Institute holds symposium in September
The Uranium Institute’s 15th annual symposium will be held in London, England, Sept. 5-7. Topics include nuclear electricity costs, the environmental imperative for energy supply, recycling nuclear fu…
GAC/MAC plan trip to Kyushu, Japan
The Geological Association of Canada (GAC) and the Mineralogical Association of Canada (MAC) are seeking 15 people to spend nine days on the island of Kyushu in Japan this May. The trip will concentra…
CSA buying shares
CSA Management Ltd. says, subject to TSE approval and appropriate filings being made, it intends to make a normal course issuer bid for up to 192,312 A non-voting shares, or about 10% of the public fl…
Toronto Stock Exchange Indices (February 26, 1990)
3692.253734.763731.683732.743750.384009.473692.25 Metals & Minerals 2981.503037.473029.973017.932972.353453.052933.48 Integrated mines 3106.483173.703162.113143.693091.393173.703106.48 Metal mines 273…
Amax Gold blames Nevada taxes for 1989 cost hike
Although its average production costs rose significantly in 1989, Amax Gold (TSE) can still extract an ounce of gold from the ground for less than most of its North American competitors. The Colorado-…
Dickenson raising White mine output
A slight increase in gold production at the White underground mine near Red Lake, Ont., helped keep earnings steady for Dickenson Mines (TSE) in 1989. The company recently reported net earnings for th…
Spirit Lake deals to fund Edwards bet
Spirit Lake Explorations (ME) of Toronto says it has finalized a flow-through share financing with Q-Vest 1989 Mining Exploration of Montreal for $225,000 at $1.85 per share. In addition, private plac…
Platinum producers merging interests
Two major companies operating in South Africa, Impala and Lonrho, are consolidating their platinum interests. Impala, that country’s second largest platinum producer, will swap control of its developi…