Spot prices at a glance (July 10, 1989)
Week’s Price (US) Change Gold*$378.40 $ 4.65 Silver*$ 5.26–$ 0.04 Platinum*$508.10+$ 3.00 Nickel**$ 5.53+$ 0.11 Lead**$ 0.30 $ 0.00 Copper$ 1.11–$ 0.04 Zinc$ 0.76—- Courtesy of Scotiabank. I…
News
Explorationists give porphyry deposits another look
The recent discovery of the Mt. Milligan porphyry copper-gold deposit north of Fort St. James, B.C., has provided explorationists in the Cordillera with an important new target. But for those in the i…
Inco debenture
Inco Ltd. (TSE) will issue $150 million(US) of 9.875% sinking fund debentures due 2019 in the United States domestic bond market. The debentures will not be offered in Canada. Inco says it will use th…
B.C. mine rescuers strut their stuff
Mine rescue and first aid teams in British Columbia were put through their paces at the recent provincial mine rescue competition in Prince George. Winner of the open pit rescue competition was the Af…
Book review Mineralization and Shear Zones
Mineralization and Shear Zones edited by J. T. Bursnall and published by the Geological Association of Canada. 300 pages, ISBN 0-919216-0. Order from GAC Publications, Department of Earth Sciences, Me…
Gold funds as of July 4
MPV BGR Central Capital Net value $11.75 $ 6.14 $0.57 Price $ 9.625 $ 5.38 $0.40 Discount $18.09% 12.5% 29.8% Value 69,984,711 $103,402,155 …
Vista looks at non-mining deals
Vista Mines (TSE) plans to diversify out of the mining business. Following a change in management earlier this year, Vista is negotiating to acquire a company in another business area. In the mining a…
Owenbrook to drill
Owenbrook Resources (COATS) plans to complete about 1,500 ft of diamond drilling this year on its Hawkins Twp., Ont., gold property. Other than this planned work, the company has generally been inacti…
CORRECTION:
Contrary to what was reported in the June 26 issue of the Northern Miner, a unit of Crown Butte Resources (VSE) is under way with a $1.5 million(US) drill program on the New World property in Montana …
Metal Prices FUTURES PRICES (July 10, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul103.70 100.80 101.00 — 4.80 Sep101.80 99.80 100.45 — 3.45 Dec100.50 98.65 …
Eanrings Report
A first-quarter loss of $633,225 (US) or 4 cents per share was reported by Bunker Hill Mining (VSE). In the same period last year the company lost $752,286 or 6 cents per share. At the end of the qua…
IOCC GOLD OPTIONS (July 10, 1989)
Options Open Series Volume Last Interest Aug 370 C * 94 14.00 720 Aug 380 C * 260 9.00 1,870 Aug 390 C * 159 5.00 1,831 Aug 400 C * 1,552 2.60 2,889 Aug 420 C * 59 …