FUTURES PRICES (March 26, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 129.10 127.50 128.00 + 9.00 Apr 122.90 121.50 121.30 + 6.15 May 119.00 116.70 117.30 + 4.60 SILVER (in US cen…
News
Liberian Iron Ore receives $30.5 million
An aggregate of US$30,562,651 has been received by Liberian Iron Ore (TSE) from Liberian American- Swedish Minerals (LAMCO), a subsidiary of LIO. The decision to transfer the money was made after the …
Raw Bean production ahead of schedule
The Raw Bean diamond project in Brazil will begin production this month, more than one month ahead of schedule and about 10% under budget, Glencairn Explorations (ASE) President Kerry Knoll announced …
De Beers changing corporate structure
Major diamond dealer De Beers of South Africa is restructuring so as to separate its domestic and foreign activities. The old De Beers will handle the South African business while a new Swiss company,…
Gold funds as of Mar. 20
MVP BGR Central Capital Net value $12.35% %$6.15% $0.41 Price $10.875% %$6.50% $0.29 Discount 11.94% 5.7%5 29.3% Value $72,647,107 $103,530,859 N/A…
Dickenson after higher grade, lower cost at White gold mine
Gold producer Dickenson Mines (TSE) increased output and tonnage and lowered its production costs last year at its Red Lake operation in northwestern Ontario. This year, the company would also like to…
Tyranex Gold fears Rockford takeover
Management at Tyranex Gold (COATS) fears that an application made against them by Rockford Minerals (TSE) in the Supreme Court of Ontario will lead to a takeover by Rockford. The application has been …
Editorial Fiduciary incantation
It is highly unlikely that anyone involved in the Canadian mineral exploration business during the past few years has not heard of fiduciary duties. The term was made famous during the LAC-Corona laws…
Galore Creek deal portends summer exploration rush
A series of transactions has enabled Goldbelt Mines (VSE) to increase substantially its land position in the Galore Creek camp, north of the Iskut River region in British Columbia. The company acquire…
Goldpost, St Andrew unite on Hislop
Operators of the Goldpost Hislop East gold property in the Timmins- Matheson area of northern Ontario say they intend to bring the project into production. Project partners are Goldpost Resources (TSE…
Black Hawk inspired by results at Minago
Drilling activity at Black Hawk Mining’s (TSE) Minago project in Manitoba is confirming the nickel deposit extends downdip from the Main zone discovered late last year. Two deep holes collared on the …
Selling off oil and gas assets gives Westmin strong earnings
A gain from the sale of its oil and gas assets helped Westmin Resources (TSE) report year-end earnings of $63.6 million or $1.17 per share, compared with earnings of $17.8 million or $0.02 per share i…