News

Letters to the editor Antimony: the deadly metal

I came across a short notice in your paper stating “Arsenic metal soars” (T.N.M., Feb. 5/90). The last sentence reads: “The main use for arsenic metal is as an alloy with lead to make shot for bullets…


Esperanza changes name

As the result of a name change and a share consolidation, Esperanza Explorations has become Columbia Gold Mines (VSE). With a share consolidation of one new for three old, the company has about 4.4 mi…


PRODUCER PRICES (April 16, 1990)

ALUMINUM: MW U.S. Market US68.50- 70.50 cents per lb. (Mar. 8, 1990). ANTIMONY: New York dealer US84-86 cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CAD…



Aranlee cuts deal with Noranda

In a deal which could be worth $4.05 million, Aranlee Resources (VSE) has optioned its Quet property to Noranda Exploration, a wholly owned unit of Noranda (TSE). Noranda can earn a 60% interest in th…


Toronto Stock Exchange Indices (April 16, 1990)

Apr. 10 Apr. 9 Apr. 6 Apr. 5 Apr. 4 HIGH LOW Composite “300” 3594.89 3613.60 3632.32 3630.63 3634.95 4009.47 3594.89 Metals & Minerals 3114.22 3113.62 3133.89 3154.83 3157.06 3453.05 2921.03 Integrate…




IOCC GOLD OPTIONS (April 16, 1990)

Options Open Series Volume Last Interest May 360 C 59 22.00 137 May 380 C 166 6.60 1,384 May 390 C 130 5.10 851 May 400 C 325 2.30 2,044 Aug 400 C 107 10.00 1,364 Aug 430 C 300 4.00 691 Aug 440 C 55 2…



London Metal Exchange (April 16, 1990)

Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 10 Apr. 9 Apr. 6 Apr. 5 Apr. 4 Copper 1618-1620 1626-1628 1650-1652 1642-1644 1644-1646 Lead 530-533 …


Japanese eye Brazil

Reports that a major Japanese mining group is planning to buy all of Brazil’s foreign debt — about $115 billion — in exchange for exclusive gold mining rights to the Amazon have been greatly exagger…


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