Metal Prices FUTURES PRICES (February 05, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb 97.05 96.10 96.15 — 2.00 Mar 97.30 95.50 95.65 — 1.80 Apr 95.90 95.90 9…
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Metal Prices PRODUCER PRICES (February 05, 1990)
ALUMINUM: MW U.S. Market US68.75- 70.50 cents per lb. (Jan. 18, 1990). ANTIMONY: New York dealer US81-84 cents per lb. (Nov. 30, 1989). BISMUTH: New York dealer US$4.40-4.50 per lb. (Dec. 14, 1989). …
Crown Jewel lives up to its name
The Crown Jewel deposit, formerly known as the Buckhorn Mountain property, is proving to be a jewel for owner Crown Resources (NASDAQ). Following a detailed study of all drilling results to date, inde…
IOCC GOLD OPTIONS (February 05, 1990)
Options Open SeriesVolumeLastInterest Feb. 410 C * 85513.001,743 Feb. 420 C * 966 6.603,015 Feb. 430 C .1,294 4.003,322 Feb. 450 C * 729 2.001,201 May 420 C * 63020.001,501 May 430 C * 55014.001,…
Vancouver Stock Exchange Investors in wait-and-see mood
On Jan. 26, a fat lady with horns and blonde braids (really a board marker dressed up like Brunhilde) sang a final aria on the floor of the Vancouver Stock Exchange to show “it’s really over.” The eve…
Trader ends deal
Trader Resources (TSE) has decided not to exercise its option to purchase 1.6 million shares of Ronnoco Gold Mines (COATS) at $1.25 per share. According to the vendors of the shares, Cabre Exploration…
Charges dropped in fatal cave-in at Belmoral mine
Charges against Belmoral Mines (TSE) related to a mining accident 10 years ago at Val d’Or, Que., will not be pursued by the Province of Quebec, the company reports. The May, 1980, cave-in killed eigh…
Abcourt-Barvue closed
Citing low silver prices, decreasing grades and high costs, Abcourt Mines (ME) says it will close its Abcourt-Barvue silver mine in Quebec at the end of March. A major operating cost was incurred from…
Rio Algom eyes B.C. copper bet
A porphyry copper-gold prospect held by a unit of BP Canada (TSE) and Digger Resources (VSE) north of Fort St. James, B.C., has attracted the attention of Rio Algom (TSE). Rio Algom signed a letter of…
COATS (over-the-counter) Copperquest firm
Copperquest, the first junior mining company to complete a financing in 1990, is now trading in the 23-25 cents range. The financing, done at 21 cents , involved about 1.5 million shares of Copperque…
A better informed public can better influence governments
This is the first of a regular monthly column from the Prospectors and Developers Association of Canada. The role of keeping industry informed of emerging legislation and key political developments ha…
Capital spending booming as Sudbury mines come open
Although a recent drop in the market price of nickel on the London Metal Exchange has prompted cost-cutting action by two of Canada’s nickel producers (T.N.M., Jan. 29/90) big capital expenditure prog…