Metal Prices FUTURES PRICES (January 15, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan112.80 110.80 110.80 + 4.00 Feb110.70 110.70 110.70 + 4.00 Mar112.50 110.00 110…
Articles by Northern Miner Staff
Deak debentures to fund mine property acquisitions
Subscriptions for $3.85 million in principal amount of prime plus secured convertible debentures have been received by Deak Resources (TSE), which is consolidating a number of gold and base metal prop…
Deak drilling (January 15, 1990)
A drilling program is under way at the Aldermac group of base metal properties near Rouyn-Noranda, Que., Deak Resources (TSE) reports. A minimum 15,000 ft. of drilling will be conducted by Feb. 28, ut…
Hemlo stakers not forgotten
Corona (TSE) and Teck (TSE), victors in Canada’s richest lawsuit for control of the Williams gold mine at Hemlo, have not forgotten an old handshake. Both companies have given a net smelter royalty on…
Montreal Exchange Yorbeau popular
Shares of Yorbeau Resources are proving popular with investors. The junior announced encouraging exploration results from its Astoria gold property near Rouyn-Noranda, Que., from drifting being undert…
IOCC GOLD OPTIONS (January 15, 1990)
Options Open Series Volume Last Interest Feb. 400 C 452 13.00 2,344 Feb. 410 C 191 7.60 1,563 Feb. 420 C 219 5.20 2,800 Feb. 430 C 501 2.70 2,832 May 400 C …
Horne acid plant up and running
The new $160-million sulphuric acid plant built by Noranda (TSE) at its Horne division custom copper smelter at Rouyn-Noranda, Que., was placed into operation in late December. Constructed over a 2-ye…
Kennecott plans Bingham expansion
A US$227-million expansion is planned at the Bingham Canyon copper mine in Utah operated by Kennecott Corp., a wholly owned subsidiary of RTZ of London. The expansion will boost production by 35,000 t…
Equinox reports Rosebud drilling
Recent drilling on the Rosebud property, north of Lovelock, Nev., has returned some interesting results for owner Equinox Resources (TSE). All eight drill holes of the most recent program intersected …
Shasta mining in the Toodogone area
Mining began late last year at a rate of 1,000 tons per day at the Shasta gold-silver property, owned by International Shasta Resources (VSE), in British Columbia’s Toodogone area. A reserve of 115,00…
Skyrocket seeks injunction through Securities Commission
Skyrocket indicates that it will seek a hearing by the British Columbia Securities Commission in an effort to get an injunction on the trading halt of the company. On Jan. 8, the application for monet…
Toronto Stock Exchange LAC leads the way in renewed gold rally
A surge in gold bullion prices combined with another wave of buying in the shares of LAC Minerals — everyone’s favorite takeover target — catapulted the gold and silver index by more than 263.99 poi…