Mattawasaga drilling of interest to Lenora
Drilling by American Barrick Resources (TSE) on its Mattawasaga property (T.N.M., Oct. 15/90) in northeastern Ontario has property neighbor Greater Lenora Resources (TSE) excited. Lenora President Rob…
News
Spot prices at a glance (November 05, 1990)
Week’s Price (US) Change Gold* $379.25 + $8.15 Silver* $4.22 — $0.01 Platinum*$435.55 + $9.40 Nickel** $3.95 — $0.06 Lead** $0.33 — $0.02 Copper- $1.21 — $0.03 Zinc– $0.59 — $0.02 Courtesy of Sc…
PRODUCER PRICES (November 05, 1990)
ALUMINUM: MW U.S. Market US81.50- 85.50 cents per lb. (Oct. 18, 1990). ANTIMONY: New York dealer US80-83 cents per lb. (Sep. 6, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CA…
FUTURES PRICES (November 05, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 118.00 117.00 117.55 — 10.60 Dec 116.50 114.80 115.65 — 7.00 Jan 113.50 112.80 113.20 + 9.30 SILVER (in US …
Quintette appeals
Following a ruling by the British Columbia Court of Appeal upholding the reduction in contract price for its coal, Quintette Coal has gone to the Supreme Court of Canada in an attempt to overturn the …
PROFILE Nobel Peak’s Jensen has global vision
Viewed by some as a world- class polymetallic zinc deposit, Noble Peak Resources’ Crypto project in Utah is currently explored by Cyprus Metals Exploration and equal partner Mitsui of Japan. At full p…
Producer Barrick is well hedged
Growing gold producer American Barrick Resources (TSE) has more than 3.4 million oz. hedged through gold loans, forward sales, options and spot deferreds. Greg Wilkins, chief financial officer, recent…
Placer owns 97% of Continental
About 8.3 million shares of Continental Gold (TSE), or about 97% of its outstanding shares, were tendered to a recent bid made by Placer Dome (TSE). Shareholders were offered a choice of $20 cash or o…
U.S. REPORT Pacific Sentinel expands Arizona holdings
Drilling on the Golden West property has been delayed by Pacific Sentinel Gold (VSE) until it completes a surface exploration program on 222 newly acquired claims surrounding the Arizona gold project….
Falco Gold to get African gold mines in asset swap
A proposed asset swap between Falconbridge Ltd. and its 51% owned subsidiary Falconbridge Gold (TSE) will see the latter company scoop up two African gold mines and 41 Canadian exploration prospects f…
Hillsborough reports increased earnings
An increase in 9-month net earnings reported by Hillsborough Resources (TSE) was recently attributed to the company’s long-term mine contracting projects. Net earnings for the nine months ended Septem…
Windy extends copper zone by 400 metres
A summer drill program on the MacLeod Lake property north of Chibougamau, Que., has extended the strike length of the known zone of copper mineralization by 400 metres. Drilling to the east and west o…