NEWS IN BRIEF Eastmaque Gold Mines Ltd.
Eastmaque Gold Mines Ltd. (EMG:VSE) shareholders can convert their preference shares at a ratio of 1.2 common shares for each preference share at any time over a 30-day period during 1990 yet to be de…
News
Brunswick’s miners take to the picket lines
Miners at Brunswick Mining and Smelting’s (TSE) lead-zinc mine near Bathurst, N.B., are on strike, following an 80% vote against the company’s contract offer. More than 1,000 members of the United Ste…
Teeshin looking for partners
Several senior mining companies and investment groups are examining the Dome Mountain gold property with a view to providing the necessary capital to bring the project to production, according to owne…
Waterford linked to overstaking of Eskay claims
Speculation is growing that Waterford Resources (VSE) may have an inside track to acquire some disputed claims in the Eskay Creek region north of Stewart, B.C., possibly including ground overstaked by…
Penna fends off criticism at Agnico annual meeting
His methods may have prompted some criticism at Agnico-Eagle Mines’ (TSE) recent annual meeting in Toronto, but President Paul Penna demonstrated he has the backing of the vast majority of the company…
PRODUCER PRICES (July 09, 1990)
ALUMINUM: MW U.S. Market US72.25- 74.25 cents per lb. (Jun. 21, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$3.05-3.15 per lb. (Jun. 21, 1990). C…
LETTERS TO THE EDITOR Timmins a `vibrant community’
I would like to express my disappointment with a recent article that appeared in The Northern Miner (June 11/90) about the future of the city of Timmins. The article discusses the present labor proble…
Dingman pursues Russian joint venture
A small Canadian mining company says it has signed a letter of intent with a Soviet organization to build an autoclave for processing arsenic-rich gold concentrates. Toronto-based Dingman Industries (…
Alberta Stock Exchange Indigo in option deal
An option to earn a 50% interest in the New 3, New 4 and Joy 12 claims in the Iskut gold camp of northwestern British Columbia has been acquired by Indigo Gold Mines from VSE-listed International Pris…
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….
$18.9 million for Lithoprobe
Federal government support for the project Lithoprobe will increase by 50%, bringing the amount to $18.9 million over the next three years. Lithoprobe is the largest multidisciplinary study of the ear…
Spot prices at a glance (July 09, 1990)
Week’s Price (US) Change Gold* $361.25 + $10.95 Silver* $4.94 — $0.13 Platinum* $488.75 + $10.00 Nickel** $3.90 + $0.01 Lead** $0.41 + $0.02 Copper- $1.20 + $0.05 Zinc– $0.75 — $0.05 Courtesy of Sc…