The golden rule about gold reserves
In my father’s youth, gold coins were part of normal circulation. There were real silver coins too, with relatively few paper banknotes and bills. The First World War put an end to gold coins in circu…
News
High River funding
Inco Gold, a unit of Inco (TSE), recently purchased 995,985 flow- through shares of High River Gold Mines (VSE), pursuant to the exercise of the same number of flow- through warrants issued last year …
Placer wins round in Eskay battle
Future ownership of the Eskay Creek gold play has become even more of a question mark, following Placer Dome’s (TSE) acquisition of a 45% stake in Stikine Resources (TSE). Under its offer of $67.50 (o…
IOCC GOLD OPTIONS (June 25, 1990)
Options Open Series Volume Last Interest Aug. 350 C 126 10.00 94 Aug. 360 C 177 6.75 325 Aug. 380 C 178 1.50 820 Aug. 390 C 193 1.00 1,169 Aug. 400 C 400 0.70 2,235 Nov. 390 C 172 4.50 286 Nov. 420 C …
BLM Mines buying United Keno stake
Falconbridge Ltd., a wholly owned subsidiary of Noranda (TSE) and Trelleborg, has found a buyer for its 44.9% stake in silver miner United Keno Hill Mines (TSE). Bharti Laamanen Mining, a Sudbury-base…
Canalaska starts drill program
An 18,000- ft. drill program by Canalaska Resources (VSE) is about to begin on the company’s 100% owned Rainbow Hill property in the Valdez Creek Mining district of Alaska. The objective of the revers…
Asarco pursues diversification but focus will remain on metals
The following was excerpted from a speech by Richard de J. Osborne, chairman of Asarco (NYSE), at the copper producer’s recent annual meeting in New York City, regarding Asarco’s development into an i…
4 EDITORIAL PAGE Busting out in British Columbia
Those in the mining business in 1990 would do well to heed the advice of American journalist Horace Greeley, who was inspired by John Babsone Lane Soule’s words: “Go west, young man.” Today, the futur…
Akiko-Lori funding three drill programs
Three exploration drill programs are being funded this summer by Vancouver-based Akiko-Lori Gold Resources (VSE) on separate prospects in northern Ontario and British Columbia. Drilling has already st…
GOLD FUNDS (June 25, 1990)
MVP BGR Central Capital Net value $10.25 $5.51 $0.34 Price $9.375 $5.500 $0.22 Discount %8.54% %0.2% 35.3% Value $61,003,613 $92,533,650 N/A…
FUTURES PRICES (June 25, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) June 115.60 114.40 114.60 + 2.10 July 115.30 112.80 113.00 + 2.40 Aug 112.00 112.00 111.60 + 2.00 SILVER (in US c…
Reserve figure for Varna, Corona project
A preliminary reserve estimate has been released by Varna Gold (ASE) for the company’s Ming’s Bight gold property under option to Corona (TSE) in the Baie Verte area of Newfoundland. Based on 79 drill…