IOCC GOLD OPTIONS (October 29, 1990)
Options Open Series Volume Last Interest Nov. 360 C 298 17.50 344 Nov. 380 C 809 6.00 976 Nov. 390 C 705 3.20 1,360 Nov. 400 C 421 2.80 2,672 Nov. 410 C 309 1.30 3,154 Nov. 420 C 270 1.30 3,517 Nov. 4…
Articles by Northern Miner Staff
Michigan copper area ripe for revival
Looking around this small town and the others that surround it, one gets a feel for the cyclical nature of the metals mining industry. Remnants and reminders of the pre-1970s glory days — copper ligh…
INSIDER TRADING Kaiser has faith in Madeleine bet
Oklahoma oilman George Kaiser continues to show confidence in the prospects for Toronto-based Madeleine Mines (TSE). The chairman of Kaiser Francis Oil Co., who already owns more than 10% of Madeleine…
LETTERS TO THE EDITOR Governments sap industry’s vitality
I wish to address the plight of the Canadian mining industry in these troubled times. It is abundantly clear that the vitality of our industry has been sapped by severe, adverse and counter-productive…
California alone in recognizing importance of minerals
It is interesting to note that California — a state in which the mining industry finds difficult to obtain the required permits to mine — some time ago recognized the importance and uniqueness of it…
U.S. REPORT Bunker Hill moves to cut workforce
Despite reporting increased third- quarter earnings compared with last year, Bunker Hill Mining (TSE) has reduced its workforce at its silver-lead-zinc mine in Idaho by 18%. Bunker recorded third-quar…
Bogosu mine startup in Ghana gives Sikaman gold production
Production at the Bogosu gold mine in Ghana, West Africa, was officially started up Oct. 22, Sikaman Gold Resources (TSE) reports. Output for the period November, 1990, to December, 1991, at the 1.1-m…
U.S. REPORT Santa Fe to heap leach, expand mill at Rabbit Creek
Few mining companies would aspire to produce a projected 25,000 oz. of gold in the fourth quarter of 1990, 100,000 oz. in 1991, and 200,000 oz. in 1992 if they only started breaking the ground in the …
Newfoundland first to renew MDA with federal government
Newfoundland is the first province to renew a federal-provincial agreement to stimulate mining and exploration, but the new agreement is shorter in length and financing. Newfoundland recently signed t…
Metal Prices FREE MARKET (October 29, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date October 23 October 22 October 19 October 18 October 17 Copper 1388-1389 1386-1388 13…
Spot prices at a glance (October 29, 1990)
Week’s Price (US) Change Gold* $371.10 + $5.35 Silver* $4.23 + $0.01 Platinum* $426.15 + $30.60 Nickel** $4.01 — $0.12 Lead** $0.35 + $0.00 Copper- $1.24 + $0.07 Zinc– $0.61 + $0.01 Courtesy of Scot…
Hemlo Gold has steady earnings
Low production costs at the Golden Giant mine near Marathon, Ont., helped owner Hemlo Gold Mines (TSE) keep its earnings in line during the third quarter ended Sept. 30. The company’s third-quarter in…