INSIDE Base metal plays
Aur Resources’ base metal discovery in Quebec’s Louvicourt Twp. is one of the hottest prospects in the country, but there are several other juniors that have base metal projects on the go. Investors s…
News
Clarity and consistency essence of corporate communication (June 18, 1990)
There are many inefficient and misleading approaches taken by management to communicate with the investment community. Communicating with analysts should not be an exercise in minimalism but in comple…
U.S.REPORT Reserves calculated for Mexican Hat
A second phase exploration program was recently completed at the Mexican Hat property in Cochise Cty., Ariz. The property is owned 60% by Placer U.S., a unit of Placer Dome (TSE), and 40% by Oneida Re…
McKenzie challenges title to Eskay
Ken McKenzie, who has initiated several claim disputes in the Eskay Creek area north of Stewart, B.C., is now challenging Prime Resources Group (VSE) and Stikine Resources (TSE) for title to certain c…
U.S.REPORT Crown Res. options 145,000 acres in Utah
With the formation of a joint venture, Crown Resources (VSE) has acquired a 60% interest in the mineral rights to 145,000 acres in central and western Utah. Crown can earn a 60% interest in the lands …
EDITORIAL PAGE Opportunity for equipment manufacturers
Canada’s mining industry is coming off a period that has been one of the most prosperous ever. It will be tough during the 1990s to match the combination of strong demand, rising prices and improved p…
Drilling to resume on Goodfish gold project
Drilling will resume shortly on the Goodfish gold property near Kirkland Lake, Ont., according to owner Glencairn Explorations (ASE). The drilling program will focus on the A zone, which returned an u…
PRODUCER PRICES (June 11, 1990)
ALUMINUM: MW U.S. Market US74.00- 75.00 cents per lb. (May 31, 1990). ANTIMONY: New York dealer US82-84 cents per lb. (Apr. 19, 1990). BISMUTH: New York dealer US$3.85-3.95 per lb. (May 31, 1990). CAD…
Spot prices at a glance (June 11, 1990)
Week’s Price (US) Change Gold* $359.80 — $5.90 Silver* $5.09 — $0.04 Platinum* $491.75 — $4.75 Nickel** $3.65 — $0.18 Lead** $0.37 — $0.01 Copper- $1.19 + $0.01 Zinc $0.79 Courtesy of Scotiabank….
GOLD FUNDS (June 11, 1990)
MVP BGR Central Capital Net value $10.95 $5.77 $0.36 Price $9.75 $5.750 $0.24 Discount %10.96% %0.3% 33.3% Value $65,182,327 $96,739,725 N/A…
Canamax entering period of consolidation: Lenton
Shareholders and analysts who attended the recent Toronto annual meeting of Canamax Resources (TSE) were reminded of how much the mining industry has changed in the past couple of years. Only two year…
FUTURES PRICES (June 11, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) June 117.40 113.60 117.10 + 2.10 July 113.80 110.20 113.10 + 0.60 Aug 110.60 108.60 110.50 + 1.20 SILVER (in US c…