PRODUCER PRICES (March 26, 1990)
ALUMINUM: MW U.S. Market US68.50- 70.50 cents per lb. (Mar. 8, 1990). ANTIMONY: New York dealer US84-86 cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CAD…
1990
Homestake sells 60% of B.C. land package to American Reserve
A Canadian unit of Homestake Mining (NYSE) has reached an agreement for the sale of a 60% interest in the Kutcho Creek property, 100 km east of Dease Lake, B.C., to American Reserve Mining (ME). The p…
Drilling starts at Hyland
Drilling has started at the Hyland Gold property, 44 miles northeast of Watson Lake, Y.T. The property is a joint venture operated and 40% owned by Silverquest Resources (VSE) with the remaining 60% s…
Letters to the Editor Sharing finds with tax men
I would like to say how much I enjoyed your 75th-year anniversary issue. I especially enjoyed Noble Harbinson’s comments regarding the cancellation years ago of the 3-year tax-free period for new mine…
Toronto Stock Exchange Volumes light as investors await clearer
Confused investors opted to remain on the sidelines today, March 21, as they waited for more definite signs of what the immediate future holds for the economy. As a result, volumes were generally low …
Rio, Albino settle lawsuit
A former chairman of Rio Algom (TSE) has resolved his legal differences with the company. George Albino brought a $10-million wrongful dismissal suit against Rio after being removed from office in 198…
FREE MARKET (March 26, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 20 Mar. 19 Mar. 16 Mar. 15 Mar. 14 Copper 1652-1654 1650-1652 1668-1670 1676-16…
Redfern, Cumberland drilling disappoints
A $300,000 exploration program funded by Redfern Resources (TSE) and Cumberland Resources (VSE) returned only low grade zinc and copper values from the Prairie River-Marlhill property near Terrace Bay…
Tenajon, Westmin reach new agreement
The postponed agreement between Westmin Resources (TSE) and Tenajon Resources (TSE) for developing the SB gold-silver property near Stewart, B.C., is back on track. The two companies recently announce…
Black Swan edges in the black
Earnings for Black Swan Gold Mines (VSE) for the nine months ended Dec. 31 amounted to $7,000 on revenues of $3.4 million. No figures were given for the comparable period in the previous year. The 9-m…
People (March 26, 1990)
INCO — William Glavin elected a director.
Larger mill for San Luis mine
A permit amendment was recently granted by the state of Colorado allowing Battle Mountain Gold (TSE) to increase the mill size at its San Luis gold mine in Costilla Cty. The company originally intende…