IOCC GOLD OPTIONS (November 12, 1990)
Options Open Series Volume Last Interest Nov. 380 C 432 7.00 1,092 Nov. 390 C 239 3.30 1,925 Nov. 400 C 359 1.80 2,833 Nov. 420 C 169 0.60 3,712 Nov. 430 C 183 0.60 3,801 Feb. 420 C 137 9.00 1,299 Feb…
Articles by Northern Miner Staff
Hudbay hits zone below workings at Trout Lake mine
A new high-grade zone of zinc- copper-gold mineralization has been discovered by Hudson Bay Mining and Smelting (TSE) below the current workings of its Trout Lake mine in Manitoba. The mine is a joint…
EDITORIAL PAGE Justifying stockmarkets’ existence
It’s tough enough ensuring adequate liquidity, compliance and visibility. Now, it seems, stock markets have to justify their existence in terms of whether they are on the side of Good or Evil. All sto…
OBITUARIES Leo MacKenzie
Leo MacKenzie, president of MacKenzie Resources, died recently. He was 58. Born in Nova Scotia, Mackenzie held a B.Sc. degree in geology from 0506,0000 St. Francis Xavier University. Companies he had …
Montreal Exchange Normetal drilling
A major drilling program is just getting under way on the Normetal property north of La Sarre, Que. Cominco has earmarked $1.4 million to explore for deep massive sulphides on the 26,000-acre property…
Alberta Stock Exchange Volumes lacklustre (November 12, 1990)
Trading volumes slumped during the report period ended Nov. 6 as investors stayed clear of the market to await signs of a recovery in the economy. Despite strength in the gold price, a number of junio…
NEWS IN BRIEF Wkay Resources
Wkay Resources Inc. (WKA: VSE) has changed its name to Magnatron International Corp. with no consolidation of capital. The new company has no interest in mining.
Obituaries Bruno Goetting managed Beaverdell
Bruno Goetting, former mine manager of Teck Corp.’s Beaverdell (Highland Bell) mine died recently in Penticton, B.C. He was 68. Born in Germany, Goetting received his early education in Hanover. He st…
Old tailings pond spills its banks
Heavy rains in mid-October caused an old tailings pond in northeastern Ontario belonging to Matachewan Consolidated Mines (TSE) to overflow and spill into the Montreal River, contaminating the water s…
COATS (Over-the-counter) Costigan soars
As share values moved to record lows last month, total trading volume jumped to 28.7 million, up 27% from September’s volume. “People are being forced out of the market as the shares weaken,” explaine…
$43-per-oz. improvement for Dome
The manager of Placer Dome’s (TSE) Dome mine in Timmins says the company hopes to reduce its average production costs by as much as US$43 per oz. Robert Perry made the comment at the conclusion of a 6…
Financiers prefer multinational giants
Independent miners, pitted against multinational giants, will have difficulty raising money from financiers, said Bob Parsons, chairman of Toronto-based Price Waterhouse’s mining industry services gro…