PRODUCER PRICES (July 16, 1990)
ALUMINUM: MW U.S. Market US72-73 cents per lb. (Jul. 5, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.05 per lb. (Jul. 5, 1990). CADMIUM: N…
News
FUTURES PRICES (July 16, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) July 121.20 118.50 118.60 + 4.20 Aug 119.50 118.20 118.25 + 4.15 Sept 118.70 116.20 116.75 + 3.65 SILVER (in US c…
Toronto Stock Exchange Noranda, Inco issues up as summer strikes
What may be remembered as the summer of discontent gained momentum during the week ended July 10, as employees at Brunswick Mining & Smelting’s Belledune smelter prepared to join their colleagues at T…
Westfield shareholders react to management sale of assets
A change in the direction of Westfield Minerals (TSE), from a corporation with an interest in a producing gold mine to a holding company, brought a flurry of questions from shareholders at the annual …
INSIDER TRADING Spirit Lake director active market player
As Spirit Lake Explorations (ME) continues to explore a small high grade gold deposit northeast of Wawa, Ont., director William Chymyck has been active in the stock market. According to the Ontario Se…
Lytton moves to gain interest in Eskay claims
His problems with securities regulators and former wives aside, Murray Pezim will likely be facing a lengthy legal battle to keep control of his most recent discovery, the Eskay Creek deposit, north o…
BRIEFS
In Nanaimo, B.C., 14 teams from mines in the province participated in rescue and first aid contests. Among the winners were Highland Valley Copper (provincial open pit champions); Cominco Sullivan min…
Spot prices at a glance (July 16, 1990)
Week’s Price (US) Change Gold* $353.70 — $7.55 Silver* $4.81 — $0.13 Platinum* $477.65 — $11.10 Nickel** $4.08 + $0.18 Lead** $0.41 $0.00 Copper- $1.28 + $0.08 Zinc– $0.80 + $0.05 Courtesy of Scot…
Equity questions mine closure cost estimates
The British Columbia government and Equity Silver Mines (TSE) are still discussing the amount of a reclamation bond for Equity Silver’s mine near Houston, B.C., slated to close in late 1992. Equity Si…
Deak considers autoclave system for Kerr mill
A feasibility study regarding the reactivation of the roaster at the old Kerr mill at Virginiatown, Ont., or alternatively the replacement of the roaster with an autoclave pressure- leach system, has …
Brinco plans to double Quinsam’s coal output
Although coal may not attract the same attention from investors or prompt claim staking disputes, at US$40 per tonne on world markets, it is no less valuable than many open pit precious metal ores. Es…
Placer Dome in exploration venture with Skyline
A number of gold prospects on the Reg claims held by Skyline Gold (TSE) will be jointly explored by Skyline and Placer Dome (TSE) under the terms of a recent agreement between the two mining companies…