1990


$43-per-oz. improvement for Dome

The manager of Placer Dome’s (TSE) Dome mine in Timmins says the company hopes to reduce its average production costs by as much as US$43 per oz. Robert Perry made the comment at the conclusion of a 6…


Anglo encouraged

Narrow intersections carrying visible gold have been reported by Anglo Canadian Mining (TSE) from some recently completed drill holes on its MWF property near Timmins, Ont. The claims are situated in …


Commodity index on the rebound

Helped in part by rising base metal prices, the all-commodity price index of Scotiabank, on the rebound since the first quarter of the year, is riding slightly above levels of 12 months ago. In Septem…


Audrey, Minnova officials blame brokers for rumors

Rumors sparked by a 55 cents increase in the price of Audrey Resources (TSE) shares and a shortage of reserves at four mines held by Minnova (TSE) recently led investors to conclude that Audrey may be…



EDITORIAL PAGE Staking rush, or facsimile thereof

The last of Ontario’s great races from claim staking to the mining recorder’s office turned out to be little more than a race to the telephone. The biggest problem was finding a telephone. When 2,400 …


Forbex agreement

A preliminary agreement has been reached between Ressources Miniere Forbex (ME) and Minnova (TSE) regarding the optioning of property in Beauchastel Twp., near Rouyn-Noranda, Que. The agreement will g…


Avondale, Gulf report assays

Underground drilling of the AK zone on the Inel project in the Iskut River area of northwestern British Columbia is returning mixed results for partners Avondale Resources (VSE) and Gulf International…


GOLDFUNDS (November 12, 1990)

MVP BGR Central Capital Net value $10.01 $5.54 $0.28 Price $9.25 $5.125 $0.14 Discount 7.59% 7.5% 50.0% Value $59,611,946 $86,224,538 N/A…


Citadel Gold buying Jam-Can

Toronto-based Citadel Gold Mines (TSE) has agreed to buy all the shares of Jam-Can Resources, a private company, in exchange for 1.45 million shares of Citadel at 15 cents per share. Jam-Can holds thr…


METAL PRICES FUTURES PRICES (November 12, 1990)

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 115.80 114.80 115.00 — 2.55 Dec 115.40 113.40 114.95 — 0.70 Jan 114.20 114.20 114.15 +0.95 SILVER (in US ce…


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close