GOLD FUNDS (January 14, 1991)
BGR Central Net value $9.71 $5.39 Price $8.13 $5.125 Discount 16.27% 4.9% Value $57,794,042 $86,224,538…
News
METAL PRICES FUTURES PRICES (January 14, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 116.50 115.60 115.70 –2.60 Feb 116.50 115.10 115.55 –2.50 Mar 116.20 114.10 114.50 –2.35 SILVER (in US cen…
METAL PRICES PRODUCER PRICES (January 14, 1991)
ALUMINUM: MW U.S. Market US70.50- 72.00 cents per lb. (Jan. 3, 1991). ANTIMONY: New York dealer US78-80 cents per lb. (Nov. 29, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CA…
Environmental hitch killed deal for Magnacon
Environmental concerns associated with the Magnacon mill are the main reason why Hemlo Gold Mines (TSE) called a halt to purchase negotiations (T.N.M., Jan. 7/91), John Harvey, president of the large …
Program planned for Yukon copper deposit
The Williams Creek copper deposit will be further worked during the 1991 season by Western Copper Holdings, a junior owned about 36% by Teck (TSE) and its partner Thermal Exploration of California. We…
Rhodes, Toltec drill low-grade bet
Recent surface work and drilling on the Gold Basin property in Arizona may be uncovering a large, low grade gold system, report partners Consolidated Rhodes Resources (VSE) and Toltec Resources (VSE)….
OBITURARY John MacIsaac
John MacIsaac, the man known to many as Canada’s pre-eminent mining contractor, died recently at his home in Sudbury, Ont., after a lengthy battle with cancer. He was 84. The native of Butte, Mont., w…
Financing near for Castle Mt.
Financing for the construction of the Castle Mountain heap leach gold mine in San Bernardino Cty., Calif., is near at hand for Viceroy Resources (TSE). The company secured a credit facility with N.M. …
COATS (over-the-counter) OSC sheds COATS
The market is in such bad shape that it doesn’t matter who’s running it, remarked one over-the- counter broker when asked to comment on the TSE’s recent decision to take over COATS. It remains to be s…
Chilian to appeal suit ruling and continue gold exploration
After losing a court battle which has cost his company about $1.25 million, Metalore Resources (TSE) President George Chilian could be forgiven if he chose to quit the mining game. When an Ontario cou…
Revived Inlet plans drilling at Chibougamau
Drilling will get under way at the Grandroy mine project near Chibougamau, Que., this month, says property-owner Inlet Resources (VSE). Inlet will be testing the depth potential of the copper-gold dep…
TVX shareholders give nod to merger with Inco Gold
A new, large gold producer came into being recently when shareholders of Consolidated TVX Mining voted overwhelmingly in Toronto to merge their company’s operations with those of Inco Gold to create T…