PRODUCER PRICES (November 26, 1990)
ALUMINUM: MW U.S. Market US73.50- 74.50 cents per lb. (Nov. 15, 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…
News
Thermal confirms copper-rich core
Three recently completed infill holes have confirmed the presence of a high-grade copper core at the Williams Creek oxide deposit of equal partners Thermal Energy (ASE) and Western Copper Holdings, an…
News In Brief Red Dog impact
The huge Red Dog zinc-lead- silver mine in Alaska of Cominco (TSE), started up about one year ago, is having a major impact. In less than two years, the state’s status has changed from being a non- pr…
Euro-Nevada adds to royalty portfolio
Toronto-based royalty company Euro-Nevada Mining (TSE) recently added royalty interests in two U.S. projects to its growing portfolio. Euro-Nevada has agreed to acquire from Centurion Gold (NASDAQ) su…
EDITORIAL Bigger is cheaper
The most significant technological factor affecting our production during the 1980s was size of equipment. Bigger is better, and cheaper. . . . We now use bigger trucks — 150 tons versus the 50- and …
Higher costs hurt MinVen earnings
Lower gold prices coupled with higher operating costs at its mines produced a loss for MinVen Gold (TSE) in the 9-month period ended Sept. 30. MinVen reported a 9-month loss of $3.8 million (13 cents …
Parlake defers special meeting
A special meeting of shareholders has been deferred one week to Nov. 30 by Parlake Resources (TSE). In August, Parlake directors voted to issue one million treasury shares to T.G.A. Management at 23 c…
Toronto Stock Exchange Indices (November 26, 1990)
Nov. 20 Nov. 19 Nov. 16 Nov. 15 Nov. 14 HIGH LOW Composite “300” 3107.20 3132.99 3128.51 3114.51 3127.64 4009.47 3009.91 Metals & Minerals2561.76 2571.69 2549.00 2541.13 2568.91 3453.06 2502.63 Integr…
EDITORIAL Sales potential
From the useless-news-release department comes an announcement that the Earth Observation Satellite Company (EOSAT) has appointed a sales representative in Mongolia. EOSAT, which operates the U.S. Lan…
Metal Prices FREE MARKET (November 26, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date November20 November19 November16 November15 November14 Copper 1327-1329 1329-1330 13…
Metalore drops counter claim
Metalore Resources (TSE) has withdrawn its counter claim against Ontex Resources (ASE) in the wake of a lengthy court battle for control of the disputed Brookbank gold property in northern Ontario. Th…
Chile’s Escondida set to produce
About eight months ahead of schedule and under budget, the huge Escondida copper mine in northern Chile is scheduled to enter production in December. Output of refined copper in 1991 is expected to to…