Platinum bars
The New York Mercantile Exchange (Nymex) may soon be adding platinum bars stamped with the hammer and sickle of the Soviet Union to its trading inventory. The Soviet agency responsible for exporting t…
1990
FUTURES PRICES (March 12, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 123.50 119.20 120.25 + 8.35 Apr 117.50 117.50 117.35 + 8.45 May 117.40 114.25 115.35 + 8.60 SILVER (in US cen…
Funding for Ontex lawsuit approved
Financing in the form of a $2,184,000 private placement has been approved by the directors of Ontex Resources (ASE). The placement consists of 2.4 million common shares priced at 91 cents per share. T…
Falconbridge gold output up despite halt at Owl Creek
Toronto-based Falconbridge Gold (TSE) succeeded in increasing its gold output in 1989 even though the company is no longer mining ore from its Owl Creek mine, west of Timmins, Ont. The 50.6% owned Fal…
Sikaman uncovers wollastonite deposit
Extensive wollastonite mineralization has recently been identified in the Tonopah district of Nevada. According to Sikaman Gold Resources (TSE), the wollastonite mineralization meets industrial standa…
Share price collapse reflects troubles experienced by Pioneer
sinc 1988…
Ontario’s northwest leads way in gold production
Northwestern Ontario residents often feel geographically isolated from the rest of the province. But they are in no way immune from the economic effects of provincial, national and international activ…
Budget for New World
A budget of US$5.9 million has been set for the 1990 development program on the promising New World property, a gold-silver-copper prospect owned by Crown Butte Resources (VSE). The budget for develop…
Mining industry still offers solid investment opportunities
As investment counsellors, we have been arguing successfully that segments of the mining industry offer attractive investment opportunities. The argument can be divided into two phases. The first is t…
Hecla negotiating deal for large yttrium deposit
Active across Canada, Hecla Mining Co. of Canada continues to seek out attractive mineral properties for exploration and development. In Quebec-Labrador, Hecla Canada is working out the final arrangem…
Euro-Nevada has profit during 9-month period
Toronto-based Euro-Nevada Mining (TSE) reported a net profit of $665,000 or 6 cents per share for the nine months ended Dec 31, compared with $583,000 or 6 cents per share during the same period last …
Slight increase in Cambior earnings
Net earnings of $17.7 million (73 cents per share) were reported by Cambior (TSE) for 1989 on revenue of $116.9 million, compared with $17.4 million (74 cents per share) on revenue of $109.9 million t…