FUTURES PRICES (August 13, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 130.00 127.50 127.50 + 2.20 Sept 130.30 127.20 127.30 + 2.70 Oct 127.70 125.50 125.45 + 2.85 SILVER (in US ce…
News
Minerals division is top earner at Noranda
The Minerals division of resource conglomerate Noranda (TSE) captured first place in the company’s four earnings divisions during the second quarter, followed by its manufacturing, forest and energy s…
Toronto Stock Exchange Gold index suffers as investors bail out of
A small measure of calm reigned over the markets today, Aug. 8, as U.S. President George Bush attempted to protect America’s interests in Saudi Arabia by moving 4,500 troops toward the big oil produce…
IOCC GOLD OPTIONS (August 13, 1990)
Options Open Series Volume Last Interest Aug. 370 C 316 17.00 435 Aug. 380 C 1,044 7.00 763 Aug. 390 C 1,325 2.50 1,888 Aug. 400 C 477 1.50 2,174 Nov. 370 C 409 26.50 694 Nov. 380 C 473 22.00 973 Nov….
Corrections (August 13, 1990)
Contrary to an earlier story (T.N.M., Aug. 6/90), Flagship Resources (COATS) has not changed its corporate name. Another over-the-counter firm, Delbridge Mines, recently changed its name to Hoverspace…
Stimulants to the mining industry, metals
Mining is the backbone of all prosperity, a great entrepreneur once said. Not enough people realize the truth of this statement. Sir Isaac Newton’s discovery of the third law of motion, that for every…
Cologne trade fair
Geotechnica, the international trade fair and congress for geosciences and technology, will be held Sept. 18-21, 1991, at Cologne, Germany. Participating countries include Australia, Germany, Britain,…
NEWS IN BRIEF Home Lake Resources Ltd.
Home Lake Resources Ltd. (HLAK:COATS) will use $120,663 to complete a zinc evaluation and exploration program on its mineral property in the Saganagons Lake area. The money was raised after 160,350 co…
Moss-Power, NAR buy Pickle Lake bets
North American Rare Metals (ME) and Moss-Power Resources (TSE) have agreed to purchase the remaining 41% interest in the Dorothy Lake and Dobie River properties near Pickle Lake, Ont. The interest, cu…
Toronto Stock Exchange Indices (August 13, 1990)
Aug. 7 Aug. 6 Aug. 3 Aug. 2 Aug. 1 HIGH LOW Composite “300” 3470.68 Holiday 3516.94 3546.97 3569.15 4009.47 3334.13 Metals & Minerals3189.64 Holiday 3295.38 3350.09 3382.78 3453.06 2850.84 Integrated …
Anglo has trouble wedging drill hole
Anglo Canadian Mining (TSE) has experienced some difficulties while wedging a second drill hole on its MWF gold property near Timmins, Ont., where Anglo is spending $250,000 to earn a 50% project inte…
Dickenson, Wharf boost production
Net earnings of $2.3 million (13 cents per share) on revenue of $32.7 million were reported by Dickenson Mines (TSE) for the first six months of 1990, compared with net income of $6.6 million (40 cent…