FUTURES PRICES (March 04, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 114.00 112.25 112.50 + 2.45 Apr 111.00 110.20 110.70 + 2.50 May 110.10 108.60 108.90 SILVER (in US cents per …
1991
Environmental costs cut Asarco’s profit
Fourth-quarter net earnings of US$3.7 million (10cents per share) were reported by Asarco (NYSE), a 94% drop from $59.1 million ($1.42 per share) reported in the same period of 1989. Sales of products…
LETTERS TO THE EDITOR Parys Mountain project revisited
Your story “Anglesey’s plans for Parys holds historical significance” (T.N.M., Jan. 21/91) was of much interest. It may be of further interest to your readers to learn about the history of the Parys M…
Mature markets hurt selenium growth
The established end-use markets for selenium are mature and no new major applications are foreseeable, according to research company Roskill of London. However, the firm expects demand growth to conti…
Review lowers coal price
A review of the contract price of Bullmoose coal for the period commencing April 1, 1989, has lowered the price to $88.26 per tonne. The Bullmoose mine in northeastern British Columbia is owned 61% by…
Wyoming Geological Association Conference
The Wyoming Geological Association (WGA) will hold its 42nd annual fall field conference Sept. 14-18 in Laramie, Wyo., at the University of Wyoming. Topic is the state’s mineral resources. WGA is base…
Montreal Exchange St. Genevieve for sale
Thinking the latest rally may have run its course, investors pulled back during the report period ended Feb. 26. Both the market portfolio and mining and minerals index suffered losses, the former by …
Adonos estimates rutile tonnage
Initial exploration and evaluation has been completed by Adonos Resources (VSE) on the company’s rutile property in the Villenar area of Chile. The company is exploring the prospect for rutile which h…
U.S. REPORT Positive study at Shafer bet
A recently completed prefeasibility study on the Shafer Gold deposit in Dillon, Mont., indicates it could be brought into profitable production at a rate of 350 tons per day. TPacific Gold (VSE) can e…
News in brief (March 04, 1991)
Lyon Lake Mines (ME) has signed a deal with Canaco Mining (ME) to earn a 50% interest in the latter company’s Benoit Twp. property in northern Quebec. The 34-claim property is immediately north of the…
Mazarin makes option deals
An option agreement has been signed between Societe d’Exploration Miniere Mazarin (ME) and Rio Algom (TSE) whereby the latter may earn a 60% interest in Mazarin property north of Amos, Que. To earn it…
Drilling extends Yellowjacket
Drilling on the J&L property near Revelstoke, B.C., has extended the strike extent of the recently discovered Yellowjacket zone to at least 200 metres in length. The zone was discovered late last year…