Metal Prices (May 21, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 15 May 14 May 11 May 10 May 9 Copper 1583-1585 1643-1644 1690-1695 1…
News
INSIDE Ocean drilling off B.C. coast
An international research body plans to drill a base metal deposit off the coast of British Columbia next summer as part of an international research initiative to study the geology of the world’s oce…
INSIDE Safety key issue for diamond drillers
New CDDA President Bud MacDonald says safety will be one of the more important issue to be dealt with by the diamond drillers’ association in the year ahead. Page B7…
INSIDE B.C.’s Jack Davis foresees good year
British Columbia’s mines minister says the province’s mining industry enjoyed a period of “relative prosperity” in 1989 and he expects the same in 1990, and when the mining industry does well, the dia…
FINANCING (May 21, 1990)
Cons Balsam — 1,400,000 offered @ 16 cents per sh. Gigi — 1,000,000 offered @ 79 cents per unit. High Frontier — opt exerc on 275,000 @ 55 cents per sh. Tatlar Res — 1,000,000 shs sold for gross $…
Eastern placement raises financing
Shareholders at the company’s annual meeting approved a $250,000 private placement involving 500,000 units at 50 cents per unit, Eastern Goldfields (COATS) says. The units are composed of shares and h…
Black Hawk poised to take control of Union nickel-copper deposit
If the planned acquisition of China First Capital wins regulatory approval, Black Hawk Mining (TSE) will gain control of the Union nickel-copper deposit in Maine. Black Hawk has agreed to purchase 1.3…
Spot prices at a glance (May 21, 1990)
Week’s Price (US) Change Gold* $369.60 — $0.10 Silver* $5.02 + $0.02 Platinum* $486.60 + $10.35 Nickel** $3.86 — $0.18 Lead** $0.38 + $0.01 Copper- $1.21 — $0.10 Zinc– $0.79 — $0.05 Courtesy of S…
Curragh offered government help for Westray mine
Curragh Resources has received loan guarantees and interest buydowns from the federal government needed before getting the necessary debt financing to bring the Westray coal mine near Stellarton, N.S….
Safety important issue says new CDDA President
C.D. (Bud) MacDonald has been president of the Canadian Diamond Drilling Association for only several weeks, but already he expects that safety will be one of the more important issues to be dealt wit…
Merger puts Conwest back in mining
“It’s good to see Conwest Exploration (TSE) getting back in the mining business — and with a great mine, a real winner.” So said Graham Farquharson, president and founder of Nanisivik Mines, which op…
INSIDE Safety awards highlight luncheon
N. Morissette Canada scooped up three awards at a special safety luncheon during the Canadian Diamond Drilling Association’s annual meeting in Vancouver. Page B7…