FREE MARKET (April 02, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 27 Mar. 26 Mar. 23 Mar. 22 Mar. 21 Copper 1579-1581 1592-1593 1650-1652 1671-16…
News
IOCC GOLD OPTIONS (April 02, 1990)
Options Open Series Volume Last Interest May 390 C 848 4.40 544 May 400 C 808 3.00 1,140 May 410 C 820 2.00 1,772 May 420 C 1,071 1.30 3,383 Aug. 390 C 514 12.70 25 Aug. 400 C 858 10.00 693 Aug. 420 C…
International Platinum puts Kirkland Lake project on hold
After intersecting 90 ft. of mineralized veining grading 0.26 oz. gold per ton on the Goodfish property near Kirkland Lake (T.N.M., March 19/90), International Platinum (TSE) has decided to give the p…
Denison uranium production to drop by 37% in two years
Toronto-based Denison Mines (TSE) says it is cutting its Elliot Lake, Ont., workforce by 450 and trimming uranium production by about 37% to keep the operation economically viable. Scheduled to be com…
Minerals rank third in Noranda earnings
In terms of divisional earnings, minerals fell to third place last year behind forestry and manufacturing for the diversified resource giant Noranda (TSE). Noranda Minerals reported lower earnings of …
Westray awaits needed funding
A Wall Street bankruptcy could slow financing for a Nova Scotia coal project. Drexel Burnham Lambert, a New York brokerage was in the process of floating a “junk bond” issue for Curragh Resources of T…
Deak Res. completes Kerr mill purchase
Total consideration paid to creditors of bankrupt Golden Shield Resources by Deak Resources and GSR Mining is valued at about $10.6 million, Deak reports. In addition, eight million shares of GSR are …
Glen Auden active on Noranda claims
The latest phase of a diamond drill program consisting of seven holes (5,216 ft.) has been completed on the Joburke Mine project, west of Timmins, Ont. Glen Auden Resources (TSE) says targets previous…
FINANCING (April 02, 1990)
Dunvegan Expl — 370,000 non-flow-through and 280,000 flow-through offered @ 81 cents per unit. Excellon Res — gross proceeds rec $227,500.
News in Brief (April 02, 1990)
Candela Resources (CDD:VSE) has changed its transfer agent to Central Guaranty Trust Co.
Spot prices at a glance (April 02, 1990)
Week’s Price (US) Change Gold* $373.30 — $16.6 Silver* $5.00 — $0.05 Platinum* $474.20 — $12.55 Nickel** $4.27 + $0.39 Lead** $0.42 — $0.07 Copper- $1.15 + 0.05 Zinc $0.75 + $0.05 Courtesy of Scot…
Sphinx project
A small heap leach project near Amos, Que., is set to resume operation in early May after a winter break, Sphinx Mining (ME) reports. Last autumn the company extracted a 40,000-ton bulk sample from on…