PRODUCER PRICES (April 09, 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…
News
Agnico gets good results at Laronde
While a number of the newer gold mines in this country have been falling short of expectations, Agnico-Eagle’s (TSE) Donald J. Laronde mine in Quebec’s Bousquet area, now owned outright following the …
Orofino takes loss despite Scadding bet
Increased gold production from Orofino Resources’ (TSE) Scadding project near Sudbury, Ont., couldn’t prevent the Toronto-based company from having to break out the red ink. Orofino reported a net los…
More work planned for base metals bet near Great Slave Lk.
A.C.A. Howe International has recommended a $1-million program of detailed mapping and about 20,000 ft. of drilling on a base metals property 11 km from Great Slave Lake, N.W.T. The ground has been op…
Hanson Lake tonnage may rise 45% based on recent drilling
Reserves at the Hanson Lake project in northeastern Saskatchewan may increase by as much as 30-45%, based on recent results from ongoing drilling by partners Cameco and Trimin Resources (TSE). Two of …
U.S. Report Homestake to explore new discoveries at Lead
The Homestake mine near Lead, S.D., has produced close to 36 million oz. gold from almost continuous operations since the start of production in the late 1870s. It is small wonder then that owner Home…
U.S. Report Coral completes European financing
European investors have bitten off a chunk of Coral Gold (TSE) through the private placement of 950,000 shares at $2.05 per share. Net proceeds, after paying a finder’s fee of $129,875 to European fin…
Trading restrictions for Coughlan
An Ontario Securities Commission tribunal recently imposed a number of trading restrictions on Terence Coughlan, former Seabright Resources president. But the OSC has yet to resolve any of the allegat…
International Mahogany adds to portfolio
With the Jolu mine in Saskatchewan and the Silver City heap leach operation in Utah both at the production stage, International Mahogany (TSE) has decided to concentrate its development efforts elsewh…
Gold production boosts International Mahogany’s annual earnings
Initial commercial production at the Jolu mine in January, 1989, and a full year of production at the Silver City operation have increased earnings for International Mahogany (TSE). The company report…
Geologists may become registered professionals
A group of geoscientists is drafting a plan which would allow geoscientists in Ontario to register as professionals. The committee, chaired by consulting geologist Bill Pearson, was formed as a result…
FUTURES PRICES (April 09, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 137.50 125.40 127.40 + 11.05 May 125.00 121.50 124.85 + 12.60 Jun 120.50 120.50 120.35 SILVER (in US cents pe…