FUTURES PRICES (October 22, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 126.20 124.70 125.50 — 3.50 Nov 120.00 119.00 118.85 — 4.50 Dec 114.60 112.10 113.35 — 4.75 SILVER (in US …
News
Mahogany merger considered fair
A valuation report and fairness opinion of the proposed amalgamation of Vancouver companies International Mahogany (TSE), Goldsil Resources (TSE) and Magellan Resources (VSE) was completed recently. U…
Micham consolidation
Shareholders of Micham Exploration (VSE) will be asked to consider a 1-for-3-share consolidation at the company’s annual meeting next month. President David Bell says the share consolidation has been …
IOCC GOLD OPTIONS (October 22, 1990)
Options Open Series Volume Last Interest Nov. 390 C 377 5.00 1,016 Nov. 400 C 328 3.50 2,398 Nov. 410 C 445 1.60 2,914 Nov. 420 C 227 1.50 3,456 Nov. 430 C 520 1.20 3,259 Nov. 440 C 410 0.80 4,648 Feb…
SOQUEM to earn in at Chibougamau bets
SOQUEM, the mining exploration wing of the Quebec government, recently signed separate agreements allowing it to earn a 50% interest in two Chibougamau, Que., properties. Under an agreement with Camec…
EDITORIAL Narrower trading range for gold likely
Since Aug. 2 when Iraq invaded Kuwait, gold investors seem to have had a permanent look of puzzlement etched on their faces. Increasing political tensions and the threat of a major military confrontat…
Montreal firm supplies Placer’s new autoclave with oxygen
Montreal-based Canadian Liquid Air says it will build an on-site Vacuum Swing Adsorption (VSA) plant to supply oxygen to Placer Dome’s (TSE) new autoclave at the Campbell gold mill near Balmertown, On…
Alberta Stock Exchange Gold shares drop
Investors reacted negatively to recent declines in the price of gold by launching a sell-off which sent many stocks to new lows during the week ended Oct. 16. Although the turmoil on stock markets has…
COATS (over-the-counter) Costigan cuts lead-zinc
Continuing its upward march, Costigan Gold gained another 5 cents for the week ended Oct. 16 as the company announced a base metal discovery 200 km southwest of Bathurst, N.B. All four holes drilled o…
Global copper smelting needs studied
New global copper smelting capacity, beyond those projects already announced, will be needed by 1993, says a research company from Pennsylvania. The closure of the Bougainville mine (180,000 tonnes pe…
BOOK BRIEFS (October 22, 1990)
Tunnelling: Design, Stability and Construction, by B.N. Whittaker and R.C. Frith. Published by The Institute of Mining and Metallurgy. Available at IMM North American Publications Center, Old Post Rd….
EDITORIAL Gold is gold is gold
Institutions can go bankrupt, stocks can go belly-up, currencies can become museum pieces, governments can fall — but gold is gold is gold. There is no way that gold can go bankrupt because gold has …