News


U.S.REPORT Reserves calculated for Mexican Hat

A second phase exploration program was recently completed at the Mexican Hat property in Cochise Cty., Ariz. The property is owned 60% by Placer U.S., a unit of Placer Dome (TSE), and 40% by Oneida Re…


McKenzie challenges title to Eskay

Ken McKenzie, who has initiated several claim disputes in the Eskay Creek area north of Stewart, B.C., is now challenging Prime Resources Group (VSE) and Stikine Resources (TSE) for title to certain c…


U.S.REPORT Crown Res. options 145,000 acres in Utah

With the formation of a joint venture, Crown Resources (VSE) has acquired a 60% interest in the mineral rights to 145,000 acres in central and western Utah. Crown can earn a 60% interest in the lands …



Drilling to resume on Goodfish gold project

Drilling will resume shortly on the Goodfish gold property near Kirkland Lake, Ont., according to owner Glencairn Explorations (ASE). The drilling program will focus on the A zone, which returned an u…


PRODUCER PRICES (June 11, 1990)

ALUMINUM: MW U.S. Market US74.00- 75.00 cents per lb. (May 31, 1990). ANTIMONY: New York dealer US82-84 cents per lb. (Apr. 19, 1990). BISMUTH: New York dealer US$3.85-3.95 per lb. (May 31, 1990). CAD…


Spot prices at a glance (June 11, 1990)

Week’s Price (US) Change Gold* $359.80 — $5.90 Silver* $5.09 — $0.04 Platinum* $491.75 — $4.75 Nickel** $3.65 — $0.18 Lead** $0.37 — $0.01 Copper- $1.19 + $0.01 Zinc $0.79 Courtesy of Scotiabank….


GOLD FUNDS (June 11, 1990)

MVP BGR Central Capital Net value $10.95 $5.77 $0.36 Price $9.75 $5.750 $0.24 Discount %10.96% %0.3% 33.3% Value $65,182,327 $96,739,725 N/A…


Canamax entering period of consolidation: Lenton

Shareholders and analysts who attended the recent Toronto annual meeting of Canamax Resources (TSE) were reminded of how much the mining industry has changed in the past couple of years. Only two year…


FUTURES PRICES (June 11, 1990)

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) June 117.40 113.60 117.10 + 2.10 July 113.80 110.20 113.10 + 0.60 Aug 110.60 108.60 110.50 + 1.20 SILVER (in US c…


Cambior plans 1991 startup for Mouska

Commercial production at the Mouska gold mine project, 25 miles east of Rouyn-Noranda, Que., of Cambior (TSE) is expected to begin in June, 1991. In announcing a production decision for the property, …


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