FUTURES PRICES (September 03, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sept 131.80 128.80 128.90 — 2.85 Oct 129.80 129.80 127.20 — 2.60 Nov 127.80 127.80 125.00 — SILVER (in US cent…
News
Aussie nickel bet may feed Sherritt
A potential customer for the concentrate of a yet-to-be developed nickel deposit in Australia is Sherritt Gordon (TSE), the U.S. Bureau of Mines reports in a monthly publication. Australian gold produ…
Teck drops Whitewater option
Major company Teck (TSE) recently terminated its option agreement on the Whitewater Group gold property near Nelson, B.C. Property owner Snowwater Resources (VSE) said it will extend a geological mapp…
Goldbank busy on Goldrun Creek bet
Calgary-based Goldbank Ventures (ASE) says that field work has started on the company’s Goldrun Creek gold-silver-copper project in northwestern British Columbia. Sutton Resources (VSE) can earn a 51%…
GOLDFUNDS2 (September 03, 1990)
MVP BGR Central Capital Net value $11.17 $6.04 $0.31 Price $9.50 $5.750 $0.21 Discount 14.95% 4.8% 32.3% Value $66,511,470 $96,739,725 N/A…
PEOPLE HECLA MINING
Joe Coors Jr. elected to the board of directors, succeeding Norman Visnes who resigned.
PEOPLE HALASKA APPOLLO GOLD MINES
Paul Jones resigned as vice-president to resume his international consulting practice.
Decline into 21B zone on target at Eskay Creek
The underground exploration program at the Eskay Creek property owned jointly by Prime Resources Group (VSE) and Stikine Resources (VSE) is proceeding as planned, according to Prime. The primary objec…
Teck loses chance to buy Mexican mine
The Mexican government has sold the Canaea copper mine to a private Mexican/Belgium mining group for $475 million, eliminating Teck’s (TSE) chance to win a piece of the open pit operation. Teck, as pa…
INSIDER TRADING Bema shares sold prior to peaking
Results from Bema Gold’s (TSE) optioned Refugio gold property in Chile have made the Vancouver-based gold producer a star performer among smaller Canadian precious metals companies. Its share price re…
Varitech, partners drill at Lakewater
A 1,500-metre drilling program is under way on the Lakewater property of Varitech Resources (VSE), Tymar Resources (TSE) and Akiko-Lori Gold Resources (VSE) in the Eskay Creek area of northwestern Bri…
Higher oil price latest test for huge Colomac gold project
Cynics say the rising price of oil will make it uneconomic, skeptics are waiting for it to operate through an arctic winter before passing judgment. Even its critics, however, say building the Colomac…