Metal Prices FREE MARKET (September 10, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date September 4 September 3 August 31 August 30 August 29 Copper 1539-1565 — 1557-1559 …
News
Gold rally runs out of steam
The Persian Gulf crisis this summer had an immediate, positive effect on the world’s gold and oil markets, but of late the Iraqi invasion of Kuwait could be said to have added only to the trading vola…
U.S. REPORT N.A. Metals deals with Homestake
A US$12-million forward sale of gold to Homestake Mining (NYSE) has been arranged by North American Metals (VSE). The transaction, which will involve about 39,000 oz., is on terms similar to a $31-mil…
High grade sampling at Treaty Creek
The first phase of exploration on the Treaty Creek Project, 80 km north- northwest of Stewart, B.C., has discovered a new zone of precious and base metal mineralization. Tantalus Resources (VSE) is ea…
Rising metal, oil prices boost commodity index
A sharp increase in metal and mineral prices and improving oil prices gave the all-commodity price index of Scotiabank a small boost in July. The gains more than offset softening forest products and a…
Explosion at PT Inco smelter kills six
Six men were killed and four injured in an explosion at PT International Nickel Indonesia’s nickel smelter at Soroako, Indonesia. PT Inco is a subsidiary of Toronto- based Inco (TSE). Inco believes a …
Aatra, Durham named in OSC hearing notice
A hearing has been scheduled next month by the Ontario Securities Commission to inquire into the alleged illegal sale of shares in Vancouver-based Aatra Resources (VSE) by Toronto-based Durham Securit…
Legacy to fund work on Agnico property
Exploration for deep base metal deposits will begin in June, 1991, on Agnico-Eagle Mines’ (TSE) mining claims in Coleman Twp., near Cobalt, Ont. Legacy Explorations (COATS) has agreed to finance a $50…
Jonpol seeks partner while proceeding quietly at Garrison
Although still seeking a joint venture partner for its Garrison gold project, near Matheson, Ont., Jonpol Explorations (TSE) continues to probe the gold zones which remain wide open in all directions …
PEOPLE U.S. DEPT. OF ENERGY
Paul Zeimer appointed assistant secretary of energy for environment, safety and health.
IOCC GOLD OPTIONS (September 10, 1990)
Options Open Series Volume Last Interest Nov. 390 C 182 18.00 736 Nov. 400 C 899 11.00 1,721 Nov. 410 C 249 8.50 2,071 Nov. 420 C 281 6.50 2,632 Nov. 440 C 265 3.50 3,210 Nov. 450 C 140 2.80 382 Nov. …
Development continuing at Francoeur mine despite mining halt
At Rouyn Mining Resources’ (TSE, ME) Francoeur mine, the focus has shifted from mining to reserve development. Mining was stopped in late June because it was too costly. According to President Jean-Gu…