Cathedral looking for Porcher partner
A recently completed exploration program on the Porcher Island gold property held by Cathedral Gold (TSE) appears to have prompted the company to look for a partner. .TLast year’s program was designed…
News
El Mochito mine contributor to Breakwater earnings hike
Lower operating costs at Breakwater Resources’ (TSE) El Mochito polymetallic mine in Honduras contributed to higher first-quarter earnings for the Vancouver-based company. Breakwater, which is attempt…
Quintette hit with bill for $46 million
The viability of the Quintette coal mine, 50% owned by Denison Mines (TSE), has been put into question by an arbitration panel’s ruling. The price received by Quintette for metallurgical coal will dro…
Asarco lowers price of copper cathodes New-York based Asarco, one
Shares of base metal explorer Bonanza Metals moved up 10 cents to 55 cents on thin volume of 8,000 shares during the report period ended May 29. The company has been focusing most of its recent effort…
Metal Prices FREE MARKET (June 04, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 29 May 28 May 25 May 24 May 23 Copper 1580-1582 Closed N.A 1603-1604 1586-1588 L…
Central Crude’s new concept at Moss Lake sparks scramble
Evidence is building that a large- tonnage, low-grade, open pit gold- copper-silver deposit may be shaping at the Moss Lake project of Central Crude (TSE) in the Shebandowan area, 70 miles west of Thu…
LETTERS TO THE EDITOR An American’s farewell to mines
I am not renewing my subscription after more than 20 years as my “ore” zone is depleted, and no “new exploration” is anticipated. No new financing, either. I’ve always been interested in the mining sc…
Mines Gaspe to develop new copper deposit
The Mines Gaspe division of Noranda (TSE) says it plans to proceed with the development of a new copper deposit at the company’s mining operation near Murdochville, Que. Development of the new orebody…
Outlook for platinum tied to autocatalysts
In 1989 the world platinum market paused for breath as demand for the white metal came more closely in balance with supply when compared with 1988. “Total demand for platinum in the Western World in 1…
1st-quarter earnings drop for Cons. TVX
Production problems and increased operating costs at Consolidated TVX’ (TSE) Novo Astro gold mine in the Amazon region of Brazil was reflected recently in the company’s first-quarter financial results…
IOCC GOLD OPTIONS (June 04, 1990)
Options Open Series Volume Last Interest Aug. 380 C 96 7.80 772 Aug. 390 C 140 5.50 1,185 Aug. 400 C 103 3.30 1,680 Aug. 430 C 220 0.50 1,237 Nov. 380 C 52 16.25 116 Nov. 400 C 68 9.50 210 Nov. 440 C …
Unexpected developments affect Audrey earnings
Some unexpected developments at Audrey Resources’ (TSE) Mobrun polymetallic mine near Rouyn-Noranda, Que., contributed to an unprofitable first quarter for the company. Audrey reported a net loss of $…