New World bet supports 6 drill rigs
Three core drills and an equal number of reverse circulation drills are currently at work around the clock on the New World property in Park Cty., Mont. The promising gold-silver-copper project is own…
News
Nemis “couldn’t be happier” as tonnage builds at Crude bet
As Central Crude (TSE) President Richard Nemis contemplates his company’s Eagle River and Moss Lake projects from a 42-ft. yacht on the waters of Georgian Bay, Ont., he admits that life couldn’t be be…
Results from Ski disappoint investors
Assay results were released by Adrian Resources (VSE) for the first two holes drilled on the Ski project north of Stewart, B.C., and adjacent to the Eskay Creek project, owned by Prime Resources Group…
Kerr Addison boosts profits for first half
Strong production performance and contributions from Minnova’s (TSE) new Ansil and Samatosum mines boosted Kerr Addison Mines’ (TSE) net income for the first half of 1990. The company reported earning…
American Barrick/purple vein
Bullish predictions on the potential size of a high-grade gold deposit on American Barrick Resources’ (TSE) North claim block near Carlin Nev., recently returned to haunt a company that holds a royalt…
Insider Trading Insiders miss out on Redfern highs
Helped by exploration results at the Tulsequah Chief polymetallic joint venture with Cominco (TSE), shares of Redfern Resources (TSE) recently touched new highs. The issue climbed to $6 after Redfern …
FUTURES PRICES (August 13, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 130.00 127.50 127.50 + 2.20 Sept 130.30 127.20 127.30 + 2.70 Oct 127.70 125.50 125.45 + 2.85 SILVER (in US ce…
Minerals division is top earner at Noranda
The Minerals division of resource conglomerate Noranda (TSE) captured first place in the company’s four earnings divisions during the second quarter, followed by its manufacturing, forest and energy s…
Toronto Stock Exchange Gold index suffers as investors bail out of
A small measure of calm reigned over the markets today, Aug. 8, as U.S. President George Bush attempted to protect America’s interests in Saudi Arabia by moving 4,500 troops toward the big oil produce…
IOCC GOLD OPTIONS (August 13, 1990)
Options Open Series Volume Last Interest Aug. 370 C 316 17.00 435 Aug. 380 C 1,044 7.00 763 Aug. 390 C 1,325 2.50 1,888 Aug. 400 C 477 1.50 2,174 Nov. 370 C 409 26.50 694 Nov. 380 C 473 22.00 973 Nov….
Corrections (August 13, 1990)
Contrary to an earlier story (T.N.M., Aug. 6/90), Flagship Resources (COATS) has not changed its corporate name. Another over-the-counter firm, Delbridge Mines, recently changed its name to Hoverspace…
Stimulants to the mining industry, metals
Mining is the backbone of all prosperity, a great entrepreneur once said. Not enough people realize the truth of this statement. Sir Isaac Newton’s discovery of the third law of motion, that for every…