Homestake earnings ease
The 1990 third-quarter earnings of Homestake Mining (NYSE) were US$1.7 million, compared with US$2 million reported for the comparable period in 1989. Net income for the first nine months of the year …
News
Strike hurts third quarter at Brunswick
An ongoing strike at the Brunswick lead-zinc mine near Bathurst, N.B., has led to another disappointing third quarter for Brunswick Mining and Smelting (TSE). Brunswick reported a net income of $181,0…
Quarterly profits dive at Inco Indonesia
Third quarter earnings at P.T. Inco, Inco’s (TSE) Indonesian arm, dropped by 65% this year, mainly due to lower deliveries of nickel in matte compared with the third quarter of 1989. Quarterly net inc…
High interest rates take toll on Noranda’s profit
Stung by high interest rates, Noranda (TSE) saw its third- quarter net income plunge to $18 million (1 cents per share), down from $101 million (49 cents per share) in the year-earlier period. The 82%…
Alberta Stock Exchange Ontex gains 43 cents
The share price of Ontex Resources rose 43 cents to $2.35 on volume of 72,500 during the week ended Oct. 30, while Avanti Capital, which owns 11% of Ontex, rose 5 cents to close at $2.65. An Ontario c…
Chutine cuts wide copper zones at Mexican project
The first four holes of a 45-hole drilling program on the San Antonio de la Huerta copper-gold property in northwestern Mexico have returned some impressive widths for Toronto-based Chutine Resources …
Mattawasaga drilling of interest to Lenora
Drilling by American Barrick Resources (TSE) on its Mattawasaga property (T.N.M., Oct. 15/90) in northeastern Ontario has property neighbor Greater Lenora Resources (TSE) excited. Lenora President Rob…
Spot prices at a glance (November 05, 1990)
Week’s Price (US) Change Gold* $379.25 + $8.15 Silver* $4.22 — $0.01 Platinum*$435.55 + $9.40 Nickel** $3.95 — $0.06 Lead** $0.33 — $0.02 Copper- $1.21 — $0.03 Zinc– $0.59 — $0.02 Courtesy of Sc…
PRODUCER PRICES (November 05, 1990)
ALUMINUM: MW U.S. Market US81.50- 85.50 cents per lb. (Oct. 18, 1990). ANTIMONY: New York dealer US80-83 cents per lb. (Sep. 6, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CA…
FUTURES PRICES (November 05, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 118.00 117.00 117.55 — 10.60 Dec 116.50 114.80 115.65 — 7.00 Jan 113.50 112.80 113.20 + 9.30 SILVER (in US …
Quintette appeals
Following a ruling by the British Columbia Court of Appeal upholding the reduction in contract price for its coal, Quintette Coal has gone to the Supreme Court of Canada in an attempt to overturn the …
PROFILE Nobel Peak’s Jensen has global vision
Viewed by some as a world- class polymetallic zinc deposit, Noble Peak Resources’ Crypto project in Utah is currently explored by Cyprus Metals Exploration and equal partner Mitsui of Japan. At full p…