EDITORIAL Interest rates must come down quickly
The time is right for Bank of Canada Governor John Crow to ease up on interest rates. Fighting inflation may have been sufficient reason to jack up rates during the past two years. Today, the threat o…
News
FUTURES PRICES (July 09, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) July 115.90 114.20 114.40 + 6.05 Aug 114.90 114.05 114.10 + 6.50 Sept 114.80 112.90 113.10 + 6.25 SILVER (in US c…
Production planned for Grand Teton
The first gold and silver dore bar was recently poured at the Adelaide Crown open pit gold mine in Humboldt Cty., Nev. The mine is operated by Gold King Consolidated (NASDAQ), which leased the propert…
Cominco plans Snip startup Prime holds 40% interest
The go-ahead to develop the Snip gold deposit north of Stewart, B.C., has been given by operator and 60% owner Cominco (TSE). The balance of the project is owned by Prime Resources Group (VSE). Approv…
INSIDER TRADING Kaiser active buyer of Madeleine issue
As development activity continues at Madeleine Mines’ (TSE) Lac des Iles palladium/platinum project near Thunder Bay, Ont., one of the company’s biggest shareholders has been buying the stock. Accordi…
Vancouver Stock Exchange Gold no help to market
A move in the price of gold bullion to the US$362 level did not seem to help the Vancouver Stock Exchange’s Resource Index, the index dropping almost 15 points to close at 841.73 July 3. The Composite…
Ireland bans mining on `holy’ mountain
The Irish government will prevent a small exploration company from mining gold on what is called a “holy” mountain in the south of Ireland. Although Burmin has a licence to explore for gold on the wes…
Metal Prices FREE MARKET (July 09, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 3 July 2 June 29 June 28 June 27 Copper 1495-1496 1497-1499 1533-1535 1474-1476…
Dingman pursues Russian joint venture
A small Canadian mining company says it has signed a letter of intent with a Soviet organization to build an autoclave for processing arsenic-rich gold concentrates. Toronto-based Dingman Industries (…
LETTERS TO THE EDITOR Timmins a `vibrant community’
I would like to express my disappointment with a recent article that appeared in The Northern Miner (June 11/90) about the future of the city of Timmins. The article discusses the present labor proble…
Waterford linked to overstaking of Eskay claims
Speculation is growing that Waterford Resources (VSE) may have an inside track to acquire some disputed claims in the Eskay Creek region north of Stewart, B.C., possibly including ground overstaked by…
Redstone Res. boosts interest in Dominicana nickel producer
Toronto-based Redstone Resources (TSE) is increasing its interest in the Falconbridge Dominicana nickel operation in the Dominican Republic, shareholders were told at the annual meeting. The company w…