FUTURES PRICES (December 24, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 113.10 111.80 111.90 + 2.20 Jan 112.50 111.00 111.20 + 1.70 Feb 111.20 110.40 111.10 + 1.80 SILVER (in US cen…
News
Westmin reviewing viability of Premier
Persistent losses at the Premier Gold gold- silver mine near Stewart, B.C., have 60% owner Westmin Resources (TSE) reviewing the project’s future. The company is reviewing its ore reserves once again,…
Parklane walks away from Beardmore bet
Following discouraging results from an autumn exploration program, Consolidated Parklane Resources (VSE) has decided to discontinue work on its Crooked Green property near Beardmore, Ont. From August …
NEWS IN BRIEF Battle Mountain Gold Co.
Battle Mountain Gold Co. (BMG:NYSE:TSE) has declared a quarterly dividend on its common stock of 2.5 cents per share, payable Feb. 19, 1991, to shareholders of record on Feb. 4, 1991.
Developing U.S gold projects show marked decline in 1990
The number of gold projects at the preproduction stage in the U.S. has declined by 67% over the past year, according to Potential New U.S. Gold Production, a study by Halifax-based Metal Economics Gro…
NEWS IN BRIEF Stag Explorations Ltd.
Stag Explorations Ltd. (SGP:VSE) has changed its name to Stag Holdings Ltd. (SGP:VSE) with no consolidation of capital. The transfer agent is Montreal Trust.
Mimiska copper find
A new nickel-copper-platinum showing has been discovered by Societe Miniere Mimiska (ME) on its recently optioned Contact Bay property near Dryden, Ont. Mimiska can earn a 100% interest in the claims …
PEOPLE CROWN RESOURCES
Christopher Herald appointed president.
Timmins nickel has good quarter
Record production from Timmins Nickel’s (TSE) 51% owned Redstone nickel mine near Timmins, Ont., added up to a profitable second quarter for the Toronto- based company. Timmins Nickel reported net inc…
INSIDER TRADING Royal Oak’s Witte holds three million
Royal Oak Resources (TSE) President Margaret Witte is strongly positioned to benefit from cost- cutting measures at the Pamour Group of companies, acquired recently by Royal Oak. Figures released by t…
Grizzly Creek finds gold in Philippines
The first results from a 990-ft. drill program on Grizzly Creek Resources’ (VSE) Capas gold property in the Philippines indicate the presence of a low-grade gold zone lying just below the surface. Two…
PEOPLE BUNKER HILL MINING
Jack Kendrick appointed chairman of the board; Alan Richardson appointed president and director; Robert Magnuson resigned as a director.