IOCC GOLD OPTIONS (January 14, 1991)
Options Open Series Volume Last Interest Feb. 380 C 181 21.00 906 Feb. 390 C 330 14.50 1,545 Feb. 400 C 623 9.90 2,287 Feb. 410 C 355 5.50 1,599 Feb. 420 C 292 4.50 2,492 Feb. 450 C 519 2.00 1,364 May…
News
HudBay makes rich zinc strike deep below Trout Lake mine
Deep drilling at the Trout Lake mine near Flin Flon, Man., has uncovered another high-grade lens below the current workings. At the 3,050-ft. level, about 920 ft. below the shaft bottom, the new lens …
Chilian to appeal suit ruling and continue gold exploration
After losing a court battle which has cost his company about $1.25 million, Metalore Resources (TSE) President George Chilian could be forgiven if he chose to quit the mining game. When an Ontario cou…
TVX shareholders give nod to merger with Inco Gold
A new, large gold producer came into being recently when shareholders of Consolidated TVX Mining voted overwhelmingly in Toronto to merge their company’s operations with those of Inco Gold to create T…
Inco plans share discount in bid to raise equity capital
Hoping to raise more equity capital, Inco (TSE) will reinstate a 5% discount on common shares issued through an optional stock dividend program, and increase the limit shareholders may invest under it…
Battle Mountain opens new mine
The San Luis gold mine operated by Battle Mountain Gold (TSE) is expected to become the largest producing gold mine in Colorado next year once it reaches its targeted annual production rate of 60,000 …
Corona affiliate seeks mining permit
An Irish company partially owned by Vancouver-based Corona (TSE) has applied for permission to build a lead-zinc mine near Galmoy, County Kilkenny, Ireland. At a capital cost of about $102 million, Co…
Asiatel options Iskut area properties
A recent agreement between Link Resources (VSE) and Asiatel Media (VSE) will provide for ongoing exploration of the Hoodoo and Inhini properties in the Iskut River camp of northwestern British Columbi…
Philippine mine may be in line for tax holiday
If a positive production decision is made on the Capas gold property in the Philippines, West Gold Explorations will be granted a 5-year tax holiday, says Grizzly Creek Resources (VSE). Grizzly Creek …
Toronto Stock Exchange Indices (January 14, 1991)
Jan. 8 Jan. 7 Jan. 4 Jan. 3 Jan. 2 HIGH LOW Composite “300” 3182.42 3201.00 3216.59 3221.73 3239.36 4009.47 3009.91 Metals & Minerals 2648.61 2650.66 2677.34 2682.61 2742.67 3453.06 2502.63 Integrated…
Glib one-liners reveal shallow view of others’ efforts
What a dizzying assortment of one-liners there has been over the last century. Generally short in their effect, directives such as the following have tended to steer some of us in a particular directi…
OBITURARY John MacIsaac
John MacIsaac, the man known to many as Canada’s pre-eminent mining contractor, died recently at his home in Sudbury, Ont., after a lengthy battle with cancer. He was 84. The native of Butte, Mont., w…