Toronto Stock Exchange Indices (June 11, 1990)
June 5 June 4 June 1 May 31 May 30 HIGH LOW Composite “300” 3596.67 3601.50 3592.99 3581.99 3565.55 4009.47 3334.13 Metals & Minerals 3235.64 3258.35 3239.08 3217.20 3191.98 3453.06 2850.84 Integrated…
News
LETTERS TO THE EDITOR Tips on productivity, safety for CDDA
The Canadian Diamond Drilling Association (T.N.M., May 21/90) says its members must increase productivity to remain competitive and to survive: they must drill more feet (or metres) per man-hour. But …
People AMERICAN BULLION
John Brock appointed president; Wayne Roberts appointed exploration manager and Robert Dickinson heads corporate development.
People ASARCO (June 11, 1990)
Michael Emery appointed assistant to the vice- president, smelting and refining.
People COLUMBIA GOLD
John Brock appointed director and president; Scot Drever, Arthur Fisher, David Pegg appointed to the Board of Directors.
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….
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…
Spending slump hurts Hillsborough
Reduced expenditures on exploration and development by the mining industry have had a negative effect on Hillsborough Resources’ (TSE) 1989 revenue. The mining contractor reported revenues of $31 mill…
LETTERS TO THE EDITOR An American’s farewell to mines
I am not renewing my subscription after more than 20 years as my “ore” zone is depleted, and no “new exploration” is anticipated. No new financing, either. I’ve always been interested in the mining sc…
Additional cash for Int’l Platinum
Toronto-based International Platinum (TSE) has received a further $250,000 to finance exploration on the Duluth platinum project in Minnesota and the Goodfish gold property near Kirkland Lake, Ont. Th…
Underground drifting adding to confidence in Rouyn mine
Underground exploration at the Francoeur gold mine, held equally by Rouyn Mining Resources (TSE) and LAC Minerals (TSE), continues to support the theory that proven reserves can be increased. Situated…
Insider Trading Pezim ups stake in Goldnev Res.
Vancouver promoter Murray Pezim recently moved to tighten his hold on Goldnev Resources (VSE), which has a 50% stake in the Goldstream copper-zinc property, north of Revelstoke, B.C. According to the …