Alberta Stock Exchange Indigo in option deal
An option to earn a 50% interest in the New 3, New 4 and Joy 12 claims in the Iskut gold camp of northwestern British Columbia has been acquired by Indigo Gold Mines from VSE-listed International Pris…
News
IOCC GOLD OPTIONS (July 09, 1990)
Options Open Series Volume Last Interest Aug. 360 C 53 9.60 448 Aug. 370 C 153 4.50 499 Aug. 380 C 53 2.10 777 Aug. 440 C 100 0.50 1,223 Nov. 380 C 63 8.90 345 Nov. 380 C 52 7.00 277 Nov. 400 C 223 4….
$18.9 million for Lithoprobe
Federal government support for the project Lithoprobe will increase by 50%, bringing the amount to $18.9 million over the next three years. Lithoprobe is the largest multidisciplinary study of the ear…
Spot prices at a glance (July 09, 1990)
Week’s Price (US) Change Gold* $361.25 + $10.95 Silver* $4.94 — $0.13 Platinum* $488.75 + $10.00 Nickel** $3.90 + $0.01 Lead** $0.41 + $0.02 Copper- $1.20 + $0.05 Zinc– $0.75 — $0.05 Courtesy of Sc…
Algoma to sell stake in Tilden iron mine
Algoma Steel Corp., a wholly owned subsidiary of steel producer Dofasco, is seeking a buyer for its U.S. coal and iron ore interests, including its 30% stake in the Tilden mine, a Michigan-based iron …
Cambior buying 50% stake in Sleeping Giant mine
As part of a growth plan designed to boost its Quebec gold production, cash-rich Cambior Inc (TSE) is picking up a 50% stake in the troubled Sleeping Giant mine of Aurizon Mines (TSE). The mine, which…
First Toronto meets with banker
Discussions are continuing between First Toronto Mining (TSE) and its principal banker concerning a restructuring of the company’s outstanding debt. First Toronto’s main subsidiary, Walhalla Mining, h…
EDITORIAL Slowing Soviet gold sales
The gold price strengthened a bit during the past week, and there are indications that it could bounce back even more in the near future. Perhaps the most important single factor behind the price incr…
EDITORIAL The clash of Titans
From the mucker to the mine manager, from the shift boss to the chief executive officer, there are probably more dynamic individuals in the mining business than any other. The industry is in the busin…
Rhodium price heads skyward
Investors waiting for a rise in the price of gold might want to turn their attention to an expensive member of the platinum group of metals. Rhodium, used mainly in the manufacture of catalytic conver…
Skyline shuts Johnny Mountain
After spending almost two years in a fruitless struggle to achieve profitability, Skyline Gold (TSE) plans to suspend mining operations this fall at its Johnny Mountain gold project in northwestern Br…
Last bauxite mines closed in U.S.
The last operating bauxite mines in the United States have been closed by Alcoa after 91 years of operation. The mines, situated near Little Rock, Ark., are adjacent to Alcoa’s Arkansas operations whi…