PEOPLE LONDON METAL EXCHANGE LTD.
John Wolff elected chairman succeeding Christopher Green who resigned; Raj Bagri elected vice-chairman.
News
OBITUARY David Miller
David Miller, professional engineer, died recently in an accident in the Yukon while working on the Mel prospect for Barytex Resources. He was 55. Miller held a degree in geological engineering from t…
U.S. REPORT Silver coin sales show huge jump
More than 11.7 million oz. silver went into the minting of silver legal tender bullion coins in 1989, up by 49% from the previous year, The Silver Institute of Washington, D.C., reports. The U.S. Amer…
Timmins Nickel drilling Langmuir
A 3,000-ft. underground drilling program is under way at the Langmuir No. 1 property of Timmins Nickel (TSE) in the Timmins, Ont., area. The drilling is designed, the company says, to follow up previo…
Breakwater earnings reflect low gold price, strong dollar
Lower gold prices and a strong dollar have made their mark on Breakwater Resources’ (TSE) half-year income. In the first six months of 1990, Breakwater earned $4.3 million (7 cents per share) compared…
Mixed Anglo assays
Timmins-based Anglo Canadian Mining (TSE) has reported a mixture of high- and low-grade gold assays from recent drilling on the MWF property in Matheson Twp., near Timmins, Ont. Anglo has an option to…
Aurora signs deal with Phelps Dodge
Calgary-based Aurora Gold (ASE) has farmed out its 31% interest in a base metal property near Joutel, Que., to Phelps Dodge Corp. of Canada, a unit of North America’s largest copper producer Phelps Do…
Higher oil price latest test for huge Colomac gold project
Cynics say the rising price of oil will make it uneconomic, skeptics are waiting for it to operate through an arctic winter before passing judgment. Even its critics, however, say building the Colomac…
INSIDER TRADING Bema shares sold prior to peaking
Results from Bema Gold’s (TSE) optioned Refugio gold property in Chile have made the Vancouver-based gold producer a star performer among smaller Canadian precious metals companies. Its share price re…
IOCC GOLD OPTIONS (September 03, 1990)
Options Open Series Volume Last Interest Nov. 410 C 852 12.00 1,909 Nov. 420 C 779 10.00 2,227 Nov. 430 C 560 7.50 1,590 Nov. 440 C 1,960 7.00 3,278 Nov. 450 C 225 4.00 199 Nov. 460 C 1,978 4.00 1,429…
McAdam offers shares for debt
Financially troubled McAdam Resources has filed for bankruptcy. The Ontario filing calls for each unsecured creditor to be offered five common shares of McAdam for each $1 of debt outstanding. The pro…
Size of new C lens mystery as Audrey mulls next step
Having completed the first phase of drilling on a newly discovered massive sulphide lens at the Mobrun polymetallic mine near Rouyn- Noranda, Que., Audrey Resources (TSE) and partner Minnova (TSE) are…