Sullivan mine is carrot in Cominco union talks
As part of a deal to end the week- long strike at Cominco’s (TSE) Trail, B.C., smelter, the company has promised to spend $11.5 million to reopen the Sullivan lead-zinc mine in Kimberley, B.C. If the …
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Int. Larder-MRB
International Larder Minerals (TSE), which has been moving into the field of industrial minerals (talc and marble) in recent years, has advanced $200,000 to Bakertalc (ME), a struggling Quebec talc pr…
Vancouver Stock Exchange Pezim vows to quit exploration
The Vancouver Stock Exchange’s Composite and Resource indices continued their slide this week as gold held above the US$360 level. The Composite Index fell 20.27 points to 769.63 while the Resource In…
COATS (Over-the-counter) Black Gregor drilling
Investors reacted strongly to news that Black Gregor Explorations is planning a 20,000-ft. drill program on its Hemlo Gold property near Marathon, Ont. During the week ended July 10, 164,000 company s…
IOCC GOLD OPTIONS (July 23, 1990)
Options Open Series Volume Last Interest Nov. 370 C 162 15.00 526 Nov. 380 C 167 9.50 Nov. 390 C 70 6.50 340 Aug. 350 C 84 16.00 Aug. 360 C 70 9.00 290 Aug. 380 C 26 2.00 739 Aug. 370 C 43 5.00 596 No…
EDITIORIAL PAGE Gold’s 12-year high
The following is excerpted from The Gold Monitor, a newsletter published by M. Murenbeeld & Associates of Victoria, B.C. In constant dollar terms, gold is now cheaper than at any time since early 1978…
U.S. REPORT Nevada Goldfields pursuing Antioch
A letter of intent to acquire up to 100% of the outstanding shares of Antioch Resources of Spokane, Wash., has been signed by Nevada Goldfields (TSE). Terms of the share-exchange agreement and share-e…
Court rejects Teck’s bid for copper mine
The government of Mexico will leave the Cananea SA copper mine up for sale, following a judge’s rejection of a recent $468-million bid by a consortium of mining companies. The bid by Cupriofera Canane…
EDITORIAL PAGE Questioning the motives
Sometimes it seems you can’t do anything right. Consider Falconbridge Ltd.’s latest public relations coup. The company surrendered its interests in the Baie Fine industrial mineral deposit largely bec…
La Fosse analyses rhodium in drill core
In light of the soaring price of rhodium, La Fosse Platinum (TSE) has re-evaluated core from its Villebon nickel-copper-platinum prospect east of Val d’Or, Que. Results include rhodium values of up to…
Oregon acquires Flat Gold property
The transfer of ownership in the Flat gold property will result in Oregon Resources (VSE) owning 100% of the Alaskan project where it intends to spend about US$1.5 million on exploration over the next…
Asarco boosts price of copper cathode 5 cents
Asarco (NYSE) will increase its domestic selling price of electrolytic copper cathodes by 5 cents to $1.30 per lb. Asarco is one of the world’s leading integrated producers of nonferrous metal includi…