FREE MARKET (April 02, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 27 Mar. 26 Mar. 23 Mar. 22 Mar. 21 Copper 1579-1581 1592-1593 1650-1652 1671-16…
Articles by Northern Miner Staff
IOCC GOLD OPTIONS (April 02, 1990)
Options Open Series Volume Last Interest May 390 C 848 4.40 544 May 400 C 808 3.00 1,140 May 410 C 820 2.00 1,772 May 420 C 1,071 1.30 3,383 Aug. 390 C 514 12.70 25 Aug. 400 C 858 10.00 693 Aug. 420 C…
International Platinum puts Kirkland Lake project on hold
After intersecting 90 ft. of mineralized veining grading 0.26 oz. gold per ton on the Goodfish property near Kirkland Lake (T.N.M., March 19/90), International Platinum (TSE) has decided to give the p…
Denison uranium production to drop by 37% in two years
Toronto-based Denison Mines (TSE) says it is cutting its Elliot Lake, Ont., workforce by 450 and trimming uranium production by about 37% to keep the operation economically viable. Scheduled to be com…
Minerals rank third in Noranda earnings
In terms of divisional earnings, minerals fell to third place last year behind forestry and manufacturing for the diversified resource giant Noranda (TSE). Noranda Minerals reported lower earnings of …
Placer budgets for Dream
Exploration of the Dream property owned by International Curator Resources (VSE) will continue this summer with Placer U.S., a unit of Placer Dome (TSE), planning a $500,000 program. Placer is earning…
Toronto Stock Exchange Indices (April 02, 1990)
Mar. 27 Mar. 26 Mar. 23 Mar. 22 Mar. 21 HIGH LOW Composite “300” 3678.46 3667.46 3701.40 3704.91 3735.84 4009.47 3649.49 Metals & Minerals 3170.65 3156.16 3178.21 3176.74 3226.84 3453.05 2921.03 Integ…
Minesota mineral leases up for sale
The Minnesota government has given notice that it will auction off leases to prospect for and mine metallic minerals on several state- owned properties in northern Minnesota. The sale, affecting eight…
Gold price drop seen as simply an `aberration’
Gold analysts are calling last week’s unexpected US$23 tumble in the price of bullion a “short- term aberration” caused by a single gold sale in Europe and other significant sales by investors in Toky…
Placer ups stake in Cazador
Placer Dome (TSE) has increased its interest in Cazador Explorations (VSE) to about 18% through the purchase of 220,000 additional units for $121,000. The funds will be used for geological mapping, pr…
Queenstake makes new acquisition
Further to the company’s move away from placer mining, Queenstake Resources (TSE) has acquired a number of claim blocks in Pershing Cty., Nev., which include the Snowsquall and Doc properties. As a re…
Belmoral seeking rescuer after $34.5 million loss
Efforts to rescue Belmoral Mines (TSE) from its financial troubles were continuing as the company revealed recently it had lost $34.5 million (91 cents per share) during the year ended Dec. 31. While …