21 Spot prices at a glance
Week’s Price (US) Change Gold* $389.10 — $20.90 Silver* $4.86 — $0.26 Platinum* $488.25 — $12.00 Nickel** $4.99 — $0.14 Lead** $0.40 + $0.01 Copper- $1.33 — $0.00 Zinc– $0.75 + $0.02 Courtesy of…
News
Ore deposit symposium draws 550 delegates to Ottawa
More than 550 delegates representing 55 countries attended the eighth symposium of the International Association on the Genesis of Ore Deposits (IAGOD) here Aug. 12-18, the first time the event has be…
Metal Prices FREE MARKET (September 03, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date August 28 August 27 August 24 August 23 August 22 Copper 1532-1534 — 1525-1527 1506…
Mixed Anglo assays
Timmins-based Anglo Canadian Mining (TSE) has reported a mixture of high- and low-grade gold assays from recent drilling on the MWF property in Matheson Twp., near Timmins, Ont. Anglo has an option to…
Breakwater earnings reflect low gold price, strong dollar
Lower gold prices and a strong dollar have made their mark on Breakwater Resources’ (TSE) half-year income. In the first six months of 1990, Breakwater earned $4.3 million (7 cents per share) compared…
Acquisitor offering
A “best efforts agreement” has been entered into by Acquisitor Mines (VSE) with Montreal brokerage firm Brault, Guy, O’Brien for an offering to Quebec investors only. The offering, subject to regulato…
Timmins Nickel drilling Langmuir
A 3,000-ft. underground drilling program is under way at the Langmuir No. 1 property of Timmins Nickel (TSE) in the Timmins, Ont., area. The drilling is designed, the company says, to follow up previo…
U.S. REPORT Silver coin sales show huge jump
More than 11.7 million oz. silver went into the minting of silver legal tender bullion coins in 1989, up by 49% from the previous year, The Silver Institute of Washington, D.C., reports. The U.S. Amer…
Fairfield still finding new targets on Elk property
Several decades ago, the district surrounding this peaceful community was crawling with prospectors and geologists aspiring to find a “company-builder” copper deposit similar to ones found at the near…
Placer increasing position in Gerle
Pursuant to its Aug. 2 agreement with Gerle Gold (VSE), Placer Dome (TSE) has acquired 750,000 shares of the company at a price of 53 1/3 cents per share. Of the placement, 562,500 shares are designat…
Gallery ships gold
Edmonton-based Gallery Resources (ASE) has begun production at its Hannandor placer gold mining operation in British Columbia. The first gold shipment of 120 oz. has been sent to the Englehardt refine…
Low Akiko assays
Marginal assay results have been reported by Akiko-Lori Gold (VSE) from recent drilling on the company’s Catharine gold project near Kirkland Lake, Ont. The project is a 50/50 joint venture between Ak…