Metal Prices FREE MARKET (October 15, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date October 9 October 8 October 5 October 4 October 3 Copper 1460-1464 1454-1456 1470-14…
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GOLD FUNDS (October 15, 1990)
MVP BGR Central Capital Net value $10.35 $5.74 $0.29 Price $9.375 $5.375 $0.16 Discount 9.42% 6.4% 44.8% Value $61,640,194 $90,430,613 N/A…
Improvements continue at the Teck-Corona Williams mine.
The Teck-Corona Williams mine at Hemlo, Ont., is expected to produce about 500,000 oz. of gold this year, maintaining its 1989 status as the largest gold bullion producer in the nation. The mine’s imm…
Montreal Exchange Active trading week
The best 1-day volume — 14 million shares — recorded this year couldn’t halt the decline in the general market index during the holiday-shortened week ended Oct. 9. The market portfolio was off by 2…
PEOPLE (October 15, 1990)
RINSEY MINES Charles Main elected president succeeding Carl Schepannek who has been appointed secretary and chief financial officer; Joseph Faulkner appointed vice-president, Investor Relations.
PEOPLE NEW YORK MERCANTILE EXCHANGE
Richard Henken appointed vice-president of marketing.
Great Lakes hits high-grade zones at Michigan copper bet
The first two holes of Great Lakes Minerals’ (TSE) 8,000-ft. drilling program on the Keweenaw project in northern Michigan have intersected high-grade copper mineralization over strong widths. Hole 59…
Queen’s hosts seminar
Queen’s University will host a seminar on mineral exploration at the Donald Gordon Centre for Continuing Education, Kingston, Ont., Dec. 2-8. It is designed to provide exploration managers and project…
FUTURES PRICES (October 15, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 131.00 129.00 129.00 + 2.45 Nov 125.65 123.50 123.35 + 1.25 Dec 121.50 117.80 118.10 — 0.25 SILVER (in US ce…
NEWS IN BRIEF P.T.INCO
P.T. International Nickel Indonesia (P.T.INCO) has declared an interim dividend in respect of 1990 of US35 cents, payable Oct. 25 to shareholders of record as of Sept. 25.
Aur, Louvem settlement could renew Val d’Or activity
All has been quiet lately on the Val d’Or, Que., exploration front as litigation over the discovery of Aur Resources (TSE) and Societe Miniere Louvem (TSE) and a lack of available funding has slowed t…
Ortech Int’l workshop
Mississauga-based Ortech International will host a 2-day workshop on technology transfer, Nov. 19-20, at the Ramada Hotel, Airport West, Toronto, Ont. The focus is on emerging technologies for metal a…