Cominco options X-Cal’s Snowbird
After outlining a reserve of about 300,000 tons grading 0.21 oz. gold per ton and defining a number of other exploration targets, X-Cal Resources (TSE) optioned its Snowbird property near Fort St. Jam…
News
Alberta Stock Exchange Douay dispute resolved
Partners Golden Rule Resources and Northern Abitibi Mining have settled a legal dispute with Inco, Cambior and Vior over optioning of a gold property in Douay Twp., Que. Under a new agreement, Inco an…
Swedish exploration
Giant Swedish mining firm Boliden Minerals reported it plans to spend about $50 million during the next 4-6 years on grassroots exploration in the Skellefte area of Sweden. Boliden, part of the Trelle…
Trimin mails offer
As promised, Trimin Resources (TSE) announced a formal offer to buy up to 2.2 million of its common shares at a price of $2 per share. The buyback had been stalled by two securities commissions pendin…
Lower prices hurt Curragh earnings
Net earnings of $32 million for 1990 were reported by Curragh Resources (TSE), compared with a profit of $60.7 million for the previous year. The company said sales of lead and zinc concentrates incre…
IOCC GOLD OPTIONS (January 28, 1991)
Options Open Series Volume Last Interest Feb. 380 C 389 11.20 894 Feb. 390 C 618 7.00 1,793 Feb. 400 C 1,457 4.00 2,758 Feb. 410 C 1,160 3.50 2,418 Feb. 420 C 575 2.50 3,203 Feb. 430 C 297 1.80 975 Fe…
Publishing date changed for U.S. mines handbook
The American Mines Handbook, a compendium of mining companies active in the U.S. and other related information which is printed annually by Southam Business Communications Inc., is changing its publis…
Base metal assays revive Queenston
One of five recent holes drilled by Queenston Mining (TSE) and Strike Minerals (COATS) on their 127-claim Robertson Twp. property has intersected 14.3 ft. grading 0.93% copper and 5.17% zinc. The clai…
Analysts look beyond Gulf War as gold price defies predictions
Gold failed to regain its shine as war in the Persian Gulf entered its second week. Shaken by a US$19.50 overnight drop in the gold price as United Nations forces took their first run at Iraq, investo…
CIM’s lively symposium gets back to basics
The enthusiastic response to the Canadian Institute of Mining, Metallurgy and Petroleum’s sixth mineral economics symposium shows that the mining industry is anxious to get “back to basics.” About 150…
GOLD FUNDS (January 28, 1991)
BGR Central Net value $9.29 $5.33 Price $7.88 $5.000 Discount 15.18% 6.2% Value $55,332,299 $84,121,500…
U.S. REPORT New rates apply to Asarco mine
A determination of new royalty rates applicable to about half of the production of the Mission copper mine of Asarco (NYSE) has been completed by the Arizona state land department, the company reporte…