Metal Prices FREE MARKET (October 29, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date October 23 October 22 October 19 October 18 October 17 Copper 1388-1389 1386-1388 13…
News
Battle Mountain begins drilling Queenston’s Kirkland claims
Beginning to make its mark on the Canadian exploration scene, Battle Mountain Canada, a unit of Battle Mountain Gold (NYSE), recently started drilling a new gold zone in Ontario’s Kirkland Lake mining…
U.S. REPORT Bunker Hill moves to cut workforce
Despite reporting increased third- quarter earnings compared with last year, Bunker Hill Mining (TSE) has reduced its workforce at its silver-lead-zinc mine in Idaho by 18%. Bunker recorded third-quar…
Amax boosts quarterly earnings U.S. REPORT
Increased production at mines in the western U.S. has enabled Amax Gold (NYSE) to report improved earnings for its 1990 third quarter ended Sept. 30. The Colorado-based company announced net earnings …
Spot prices at a glance (October 29, 1990)
Week’s Price (US) Change Gold* $371.10 + $5.35 Silver* $4.23 + $0.01 Platinum* $426.15 + $30.60 Nickel** $4.01 — $0.12 Lead** $0.35 + $0.00 Copper- $1.24 + $0.07 Zinc– $0.61 + $0.01 Courtesy of Scot…
Alberta Stock Exchange Nevada attracts juniors
A couple of juniors known for their activities in northwestern British Columbia have targeted Nevada as a future area for their growth. Integrated Resources and Capra Minerals are players in a lease/ …
Mahogany finds gold near Jolu
Vancouver-based International Mahogany (TSE) says recent surface exploration work has discovered a new gold-bearing structure on the Star Lake property, adjacent to its 70% owned Jolu gold mine in nor…
Hemlo Gold has steady earnings
Low production costs at the Golden Giant mine near Marathon, Ont., helped owner Hemlo Gold Mines (TSE) keep its earnings in line during the third quarter ended Sept. 30. The company’s third-quarter in…
Nickel prices keep Inco earnings down
Lower realized nickel prices throughout the year affected both third-quarter and 9-month cumulative earnings at Inco (TSE). Third-quarter earnings fell to US$97 million (92 cents per share) from US$12…
Teck closes Beaverdell silver mine, Keno reopens Yukon operations
The heady days of 1980 when silver prices averaged US$20.66 per oz. are a distant memory for companies that produce the metal either as a byproduct or as a primary commodity. Today, with silver prices…
Montreal Exchange TVX in major deal
News of the formation of a new major gold producer involving Inco and Consolidated TVX Mining, and of the latest exploration program for the Louvicourt massive sulphide deposit of Aur Resources and So…
LAC president outlines recent changes in project financing
The topic of project financing and its changing nature during the past 20 years was touched on by the president of LAC Minerals (TSE), Peter Allen, in a recent speech to a precious metals seminar in N…