FUTURES PRICES (October 29, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 132.20 128.50 132.20 + 6.70 Nov 127.50 124.00 128.15 + 9.30 Dec 122.80 117.60 122.65 + 9.30 SILVER (in US cen…
News
U.S. REPORT Pegasus gets mixed results at Century
The first eight holes drilled by Pegasus Gold (TSE) on the Century Gold property in Idaho returned mixed results, the most impressive being a 20-ft. intersection grading 1.13 oz. gold per ton. As oper…
U.S. REPORT Crowfoot-Lewis output sets record of 26,200 oz. gold
The Crowfoot-Lewis mine reported record gold production in the 1990 third quarter when the open pit operation turned out 26,200 oz. of gold. This compares to production of 24,000 oz. in the third quar…
BOOKS IN REVIEW Minerals important to civilization
In light of the recent invasion of oil-rich Kuwait by Iraq, Mineral Resources and the Destinies of Nations is a timely volume which presents a historical and contemporary view of how oil and other min…
IOCC GOLD OPTIONS (October 29, 1990)
Options Open Series Volume Last Interest Nov. 360 C 298 17.50 344 Nov. 380 C 809 6.00 976 Nov. 390 C 705 3.20 1,360 Nov. 400 C 421 2.80 2,672 Nov. 410 C 309 1.30 3,154 Nov. 420 C 270 1.30 3,517 Nov. 4…
People LOUISIANA LAND AND EXPLORATION
Carlisle Trost elected director.
Michigan copper area ripe for revival
Looking around this small town and the others that surround it, one gets a feel for the cyclical nature of the metals mining industry. Remnants and reminders of the pre-1970s glory days — copper ligh…
PROFILE Boivin hitches La Sarre’s fortune to meteorite hit
About 300 km north of Baie Comeau, Que., lies the Manicouagan basin, which shows good potential for base metal mineralization. Earlier this year, La Sarre Mining Exploration acquired 216 claims in the…
Cambior drills 27,300 ft on Golden Star’s Omai bet
After completing 27,300 ft. of drilling on the Omai gold project in Guyana, joint venture partners Cambior Resources (TSE) and Golden Star Resources (TSE) have defined minable reserves of 52.4 million…
Breakwater suspends mining at El Mochito
Mechanical problems at the El Mochito polymetallic mine in Honduras have forced operator Breakwater Resources (TSE) to temporarily suspend operations until repairs can be completed. The company expect…
Inco taking gold operations public via TVX merger
Nickel producer Inco (TSE) is making good on a promise to go public with its gold-mining operations by merging its wholly owned unit Inco Gold with producer Consolidated TVX Mining (TSE). The new comp…
Ontario mining `a driving force’
It is with pleasure and humility that I introduce myself to Ontario’s mining community as the new minister of mines. Every member of this important community, be they prospectors, developers, managers…