METAL PRICES FUTURES PRICES (November 19, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 118.25 116.50 117.00 + 2.00 Dec 117.50 115.60 116.30 + 1.35 Jan 115.90 114.20 115.90 + 1.75 SILVER (in US cen…
1990
Final summaries given in Ontex, Metalore trial
Lawyers for Ontex Resources (ASE) and Metalore Resources (TSE) have summarized their final cases in a court battle to settle ownership of the disputed Brookbank gold property near Beardmore, Ont. The …
Vancouver Stock Exchange Toltec, Albany, Adrian busy
With gold holding its own above the US$380 level, the Vancouver Stock Exchange continues to be in a state of siege. The Composite Index registered a drop of just over 11 points finishing Nov. 13 at 51…
Toronto Stock Exchange Northgate nose dives after Colomac mine
Northgate Exploration was forced into a damage control mode this week after affiliate NorthWest Gold revealed its decision to take a $149-million writedown on the remote Colomac gold mine. Not surpris…
A darker shade of green Mining and the environment
Environmental responsibility is a hot topic these days. The corporate communit ha no move t suppor th gree revolution Bu th corporat officer an directors statutor liabilit fo environmenta matter i con…
IOCC GOLD OPTIONS (November 19, 1990)
Options Open Series Volume Last Interest Nov. 360 C 238 23.00 393 Nov. 370 C 177 15.00 559 Nov. 380 C 686 6.00 1,162 Nov. 390 C 426 1.50 1,910 Nov. 400 C 437 0.20 2,915 Feb. 420 C 416 7.50 1,566 Feb. …
Diamond drillers recommend payy raise
The eastern contractors of the Canadian Diamond Drilling Association, based in North Bay, Ont., have recommended a wage increase of 4.2% for its members’ employees, effective Jan. 1. The recommendatio…
ERG buys backshares from Pamour
ERG Resources (TSE) has acquired 6.9 million of its own shares, representing a 62% interest, from Pamour (TSE). The two companies were involved in a gold tailings reclamation project at Timmins, Ont.,…
Noranda hits western limit at Lynne project
Having completed an additional 17 holes on the Lynne zinc property in Oneida Cty., Wis., Noranda (TSE) thinks it has found the western limit of the deposit. The latest results from the exploration pro…
U.S. mining’s Hall of Fame conducted in grand style
Our U.S. neighbors have a reputation for doing things up in a rather big way. This would have to include their National Mining Hall of Fame and Museum, already a quantum leap ahead of our Canadian Min…
Placer Dome pursues Courville, takes option on shares of Cache
Interested in the Courville gold project northeast of Val d’Or, Que., Placer Dome (TSE) has agreed to become a major shareholder in Cache Explorations (ME). Cache is earning an interest in the propert…
Dickenson boosts gold output but earnings continue to slip
Increased revenue but lower earnings during the third quarter and the first nine months of 1990 were reported by Dickenson Mines (TSE). The company attributed the improved revenue level to higher gold…