FUTURES PRICES (September 17, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sept 135.20 133.80 134.80 + 6.70 Oct 132.80 132.00 132.30 + 5.40 Nov — — 130.65 + 5.25 SILVER (in US cents per …
News
VSM-Serem confirm new lens at Grevet
The latest drill results from the Grevet zinc project owned by Serem and VSM Exploration (ME) in northern Quebec have confirmed the recently discovered 97-zone is more than just a one-hole wonder. Alt…
Alberta Stock Exchange Ontex jumps 65 cents
Shares of Toronto-based Ontex Resources (ASE) leapt ahead 65 cents to $2.55 during the week ended Sept. 11. Investors continue to speculate on the outcome of a legal battle the company is fighting wit…
Thermal evaluates potential of copper deposit in Yukon
Equal partners Thermal Exploration (ASE) and Western Copper Holdings, an affiliate of Teck (TSE), are moving closer to a production decision at their Williams Creek copper deposit in the Yukon. The Wi…
PRODUCER PRICES (September 17, 1990)
ALUMINUM: MW U.S. Market US81.00- 83.00 cents per lb. (Aug. 30, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.00 per lb. (Aug. 30, 1990). C…
Noranda increases stake in Louvem
While negotiations continue between Societe Miniere Louvem (TSE) and Noranda Minerals over a major share purchase by the latter in Louvem, Noranda has gone ahead with a small stock acquisition. Norand…
Minnova tests new target on Chu Chua
For the past several years, Minnova (TSE) has been exploring the Chu Chua property not far from its 70% owned Samatosum polymetallic mine near Barriere, B.C. It has the right to earn a 50% interest in…
EDITORIAL PAGE Recycling lead
In this environmentally conscious world, it is worth remembering that every issue has two sides. Take lead, for example. It has been vilified for everything from the failure of 19th-century arctic exp…
Sale of Hanson interest triggers Trimin dispute
Equity Reserve and Equity Investments, mining mutual funds which together control about 25% of the outstanding shares of Trimin Resources (TSE), may be seeking to oust Trimin’s current management team…
U.S. REPORT First gold poured at Santa Fe’s Rabbit Creek
By 1992, the gold unit of Santa Fe Pacific (NYSE) expects to be producing more than 300,000 oz. gold annually from various mining operations in Nevada. About 200,000 oz. of this amount is targeted to …
FINANCING (September 10, 1990)
Agnico-Eagle Mines Limited — 3,200,000 shs and 1,600,000 wts offered @ $8.625 per unit. American Barrick Resources Corporation — 5,000,000 shs offered @ $24.50 per sh. International Suneva Resources…
EDITORIAL PAGE Canadian nickel
In a previous issue (T.N.M., Sept. 3 /90) we reported on a U.S. government publication that suggested Sherritt Gordon might be a customer for nickel concentrate from the undeveloped low- grade Six Mil…