Metal Prices (January 22, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 16 Jan 15 Jan 12 Jan 11 Jan 10 Copper …
1990
Montreal Exchange Indices well off
Investors lost ground in active trading for the week ended Jan. 16, with the market portfolio tumbling more than 38 points and the mining and minerals index declining more than 19 points. Daily volume…
Belmoral resumes work on Yorbeau’s Astoria
Underground exploration work has been resumed by Belmoral Mines (TSE) on Yorbeau Resources’ (TSE) Astoria gold project, three miles south of Rouyn-Noranda, Que. Drifting is under way at the AW-zone on…
Pamorex, Tundra deal
Pamorex Minerals (TSE) has signed an option agreement with Tundra Gold Mines (VSE) to explore Tundra’s Winnie Lake base metals property near Kirkland Lake, Ont. Drilling by Tundra last year intersecte…
Nuinsco’s Hume a believer
Nuinsco Resources (TSE) President Doug Hume remains doggedly determined that his company’s Cameron Lake gold project in northwestern Ontario will even tually be a mine. After a number of setbacks, inc…
Noranda to drill Orcana’s Val d’Or base metal claims
A $200,000 exploration program is scheduled to begin this month on Orcana Resources’ (VSE) Farquharson base metal property recently optioned by Noranda Exploration, a unit of Noranda (TSE). The proper…
Market speculation pushes Miramar
Junior company Miramar Mining (VSE) has once again become the subject of market speculation over its 49% owned Bruner project, also known as the Paymaster properties, in Nye Cty., Nev. Common shares o…
Falco extends program
Falconbridge Gold (TSE) will extend the expiry date of its small shareholder selling program to Feb. 28. Originally scheduled to expire on Dec. 28, the program enables shareholders owning 99 or fewer …
Freewest, Aurogin deal
Aurogin Resources (VSE) has granted an option to Freewest Resources (ME) and Maple Creek Mines, a private company. It gives the latter two companies the right to earn a 50% interest in a base metals p…
Atlantic Report Cape Breton Highlands get going over
Despite a dramatic drop in activity in the junior resource sector in Nova Scotia since the heyday of flow-through shares, exploration is continuing, mostly by majors and the few juniors which have man…
PRODUCER PRICES Metal Prices (January 22, 1990)
ALUMINUM: MW U.S. Market US72.00 cents – 73.00 cents per lb. (Jan 11, 1990). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (D…
Corona offering near $100 million
Following in the steps of two other major Canadian gold producers, Corona (TSE) has gone to the market to raise capital through an offering worth almost $100 million. Toronto-based Corona will issue n…