IOCC GOLD OPTIONS (February 12, 1990)
Options Open SeriesVolumeLastInterest Feb. 390 C 44434.00 680 Feb. 400 C 46821.001,821 Feb. 410 C 43613.001,677 Feb. 420 C 920 6.502,690 May 400 C 33734.001,216 May 410 C 29329.00 713 May 420 C 41722….
Articles by Northern Miner Staff
Brazilian debt for gold fields?
Reports out of Brazil say a subsidiary of Mitsubishi Metal Corp. of Japan, Bishimetal Corp., has offered to buy the South American country’s US$115-billion foreign debt in return for mining rights to …
Mexican Hat reserves estimate
A reserve estimate has been completed by Oneida Resources (VSE) for one zone on its Mexican Hat gold property in Arizona. Held under option by project operator Placer Dome (TSE), the Mexican Hat prope…
Mining companies, labor leaders differ on Ontario’s Bill 208
The Ontario government got an explicit message recently when the legislature’s standing committee on resource development rolled into Timmins; mining companies and mining unions aren’t happy with the …
Gold slumps on suggestion IMF sell gold to ease nations’ debt
The volatile price of gold took a turn for the worse recently when the U.S. Treasury Department suggested the International Monetary Fund (IMF) use its gold holdings to help its member nations ease th…
Gold bars poured at Thunderwood bet
Four gold bars were poured recently from material extracted from the Gold Hawk joint venture of Thunderwood Resources (TSE) and Minnova (TSE), near Val d’Or, Que. Weighing in at 1,706 oz., the yellow …
Toronto Stock Exchange Indices (February 12, 1990)
Feb. 6Feb. 5Feb. 2Feb. 1Jan. 31HIGH LOW Composite “300”3769.063767.213719.573709.053704.424009.473707.00 Metals & Minerals3017.543056.233019.473004.183057.123453.053004.18 Integrated mines3138.003178….
Correction (February 12, 1990)
A recent story (T.N.M., Jan. 29/90) incorrectly identified the owners of Mingold Resources. The exploration company is 50% owned by Inspiration Resources (NYSE) and 50% by Minorco Canada.
Editorial A sad ending for a great mine
Labor unions in British Columbia have notched what they no doubt consider to be another victory. They have stood up to one of Canada’s largest zinc producers and let the world know that they can’t be …
PRODUCER PRICES (February 12, 1990)
ALUMINUM: MW U.S. Market US64.00- 66.00 cents per lb. (Feb. 1, 1990). ANTIMONY: New York dealer US88-90 cents per lb. (Jan. 25, 1990). BISMUTH: New York dealer US$4.35-4.45 per lb. (Feb. 1, 1990). CAD…
LAC to double gold output at El Indio in Chile
Two major expansion programs are being considered by LAC Minerals (TSE). At the company’s El Indio gold mine in Chile, the company is reviewing the feasibility of doubling gold production from 200,000…
Placer to spend $1.1 million on Curator bet
In a show of confidence in the Jualin gold property owned by International Curator Resources (VSE), Placer Dome (TSE) has budgeted a further $1.1 million for exploration this year. Placer has spent ab…