1990

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date September 4 September 3 August 31 August 30 August 29 Copper 1539-1565 — 1557-1559 …

A US$12-million forward sale of gold to Homestake Mining (NYSE) has been arranged by North American Metals (VSE). The transaction, which will involve about 39,000 oz., is on terms similar to a $31-mil…

A sharp increase in metal and mineral prices and improving oil prices gave the all-commodity price index of Scotiabank a small boost in July. The gains more than offset softening forest products and a…

Options Open Series Volume Last Interest Nov. 390 C 182 18.00 736 Nov. 400 C 899 11.00 1,721 Nov. 410 C 249 8.50 2,071 Nov. 420 C 281 6.50 2,632 Nov. 440 C 265 3.50 3,210 Nov. 450 C 140 2.80 382 Nov. …

The price of gold bullion remained relatively stable during the week ended Sept. 4 as tensions in the Middle East appeared to have eased somewhat with the release of Western women and children held ho…

The major shareholder of Newmont Mining (NYSE) plans to reduce its holdings in the giant mining corporation. English firm Hanson, which through an affiliate owns 49% of Newmont, would lower its intere…

Cash-rich Hemlo Gold Mines (TSE) has dug into its deep pocket with a $9-million offer to Flanagan McAdam Resources (TSE) and Muscocho Explorations (TSE) for their interests in the mill and surface fac…

For the three months ended June 30, Granges (TSE) reported a loss of $972,000 versus a loss of $1.07 million in the second quarter, 1989. The company reported that earnings from mining operations for …

An agreement is in the works which could ultimately result in a production decision on the Dome Mountain project, near Smithers, B.C., or at least see further drilling done on the property. Drilling e…

Once again the Prospectors and Developers Association of Canada has presented a strong case concerning a number of issues at the annual mines ministers conference. Sustainable development was the them…

Toronto-based gold producer Agnico-Eagle Mines (TSE) recently increased its exposure to any new developments at a Val d’Or, Que., exploration property held by affiliate Goldex Mines (TSE). According t…

Representatives from 12 major mining contractors met recently in North Bay, Ont., and formed the Mining Contractors Association of Canada (MCAC). The delegates, from Ontario, Saskatchewan and Quebec, …