Minerals division is top earner at Noranda
The Minerals division of resource conglomerate Noranda (TSE) captured first place in the company’s four earnings divisions during the second quarter, followed by its manufacturing, forest and energy s…
News
IOCC GOLD OPTIONS (August 13, 1990)
Options Open Series Volume Last Interest Aug. 370 C 316 17.00 435 Aug. 380 C 1,044 7.00 763 Aug. 390 C 1,325 2.50 1,888 Aug. 400 C 477 1.50 2,174 Nov. 370 C 409 26.50 694 Nov. 380 C 473 22.00 973 Nov….
Stimulants to the mining industry, metals
Mining is the backbone of all prosperity, a great entrepreneur once said. Not enough people realize the truth of this statement. Sir Isaac Newton’s discovery of the third law of motion, that for every…
Lyon raises financing for Costa Rican bet
A recent issue of $675,000 worth of flow-through financing will allow Lyon Lake Mines (ME) to proceed to the feasibility stage on the Beta Vargas gold deposit in Costa Rica. Lyon Lake can earn a 50% i…
Merchant banker faces Utah court
The managing director of British merchant banker Samuel Montagu & Co. is being cross-examined this week in the Utah Federal Court in Salt Lake City by lawyers representing Utah exploration company Gol…
Cameco, Uranerz close $160 million Rabbit Lake deal
Government-owned mining company Cameco has completed the sale of a one-third interest in its Rabbit Lake uranium mine to Uranerz Exploration and Mining, a unit of West Germany’s Uranerzbergbau-Gmbh. ….
LAC drops option on Silverside bet
An option to acquire a 50% interest in the Garrison Twp. gold property of Silverside Resources (TSE) in northeastern Ontario has been dropped by LAC Minerals (TSE). Silverside President Babu Gajaria s…
Letter to the editor Health tips given to geologists
Canadian geologists are called upon to travel the world for employers. A few years ago you published an article concerning the need to use an air filter when exploring adits and caves in tropical coun…
Vancouver Stock Exchange Prime unaffected by Gulf crisis
The down-draft experienced by the Toronto and New York stock exchanges in the wake of rising tensions in the Persian Gulf did not seem to have much of an effect on the Vancouver Stock Exchange. The Co…
Correction (August 06, 1990)
A recent headline (T.N.M., July 23/90) on the editorial page, relating to an excerpt from a newsletter by M. Murenbeeld & Associates on the price of gold, should have read “Gold’s 12-year low.” Elsewh…
FUTURES PRICES (August 06, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 126.30 124.90 125.30 + 5.30 Sept 125.50 123.60 124.60 + 4.40 Oct 123.00 123.00 122.60 SILVER (in US cents per…
FINANCING (August 06, 1990)
VANCOUVER Lodestar Expl — 800,000 offered @ 50 cents per sh. Adonos Res — 550,000 offered @ 50 cents per sh. Toltec Res — 700,000 sold for gross $280,000. Annabel Gold — 1,100,000 offered @ 75 cen…