McNickel to earn 50% of Spud Valley bet
Toronto-based McAdam Resources (TSE) has entered into an agreement with McNickel (COATS), giving the latter company the right to acquire a 25% interest in McAdam’s Spud Valley gold property on Vancouv…
Articles by Northern Miner Staff
FUTURES PRICES (February 19, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb105.50 100.65 105.45 + 5.45 Mar104.40 99.00 104.20 + 5.00 Apr102.90 102.70 102.90 + 4.40 SILVER (in US cents p…
Gold funds as of Feb. 13
MVP BGR Central Capital Net value $12.72 $6.53 $0.43 Price $11.50 $6.88 $0.40 Discount 9.59% 5.3% 7% Value$75,719,542 $109,925,672 N/A…
Editorial Stop delaying Iskut road construction
It should not take the death of six men in a recent helicopter crash to make clear the immediate need for an all-weather access road into the rugged Iskut River mining camp of northwestern British Col…
Metals News in Brief
World crude steel output rose to a record high of 783.5 million tonnes in 1989, up 0.5% from the previous year, according to preliminary figures released by the International Iron and Steel Institute….
Toronto Stock Exchange Casa Berardi discovery sparks buying as
Those who predict that a weaker U.S. dollar and trouble in South Africa will eventually force the price of gold through the US$425 per oz. barrier on up to US$450 were having to swallow their words th…
IOCC GOLD OPTIONS (February 19, 1990)
Options Open SeriesVolumeLastInterest Feb. 400 C 86620.901,356 Feb. 410 C 30410.501,525 Feb. 420 C 1,005 3.002,556 Feb. 430 C 348 0.303,342 May 420 C 54617.901,724 May 430 C 67814.501,042 May 440 C 94…
Ontario’s mineral sector set to weather downturn
The mining industry in Ontario is financially healthier in 1990 than it was in the early 1980s, but it must keep in step with new global realities and strive to remain competitive if it is going to we…
Goldplex to earn in on Comstock gold bet
Toronto-based Goldplex Development (ASE) says it has signed an agreement in principle with an as-yet-unnamed Vancouver company to earn a 49% stake in a Silver City, Nev., gold property by spending $60…
Toronto Stock Exchange Indices (February 19, 1990)
Feb. 13Feb. 12Feb. 9Feb. 8Feb. 7HIGH LOW Composite “300”3751.863766.273777.783783.333779.234009.473707.00 Metals & Minerals2947.192933.482978.933000.083040.073453.052933.48 Integrated mines3062.123046…
Correction (February 19, 1990)
Contrary to an earlier report (T.N.M., Feb. 12/90), Uranerz of West Germany may earn a 75% interest in two underground blocks, Windy Gulch and Dawson Resource, of the Dawson gold property in Colorado …
North Lily reports nitrate reserve
An initial nitrate reserve estimate of 27.7 million tonnes, using a cutoff grade of 4% nitrate, was reported recently by North Lily Mining (NASDAQ) for its Taltal iodine/ nitrate project in northern C…