People (March 19, 1990)
BRANER RESOURCES — Mark Wallbom appointed to the board of directors.
News
Montreal Exchange More Douay drilling
The three partners in the Douay gold project in Quebec’s Casa Berardi region have started up a second drilling program representing 10,800 ft. Inco, Societe d’Exploration Miniere Vior and Cambior are …
Reserves at Hislop top one million on Stroud’s Hislop project
Reserves have topped the 1-million-ton mark at Stroud Resource’s (TSE) Hislop Twp. gold project near Timmins, Ont., after recent drilling intersected high gold values in the Creek zone. According to S…
NO HEADLINE (March 19, 1990)
TEXT: New realities in Latin America, including the recent election of civilian governments in Chile and Brazil, could help create new opportunities for Canadian mining companies. “Latin America is a…
Labor dispute hurts Rio Algom’s earnings
The loss of ore production during a labor dispute at the Highland Valley copper mining operation in British Columbia last year resulted in reduced annual earnings for Rio Algom (TSE). For the year end…
CORRECTION (March 19, 1990)
Contrary to what was reported (T.N.M., March 12/90), the stripping ratio of the main Mt. Milligan deposit near Prince George, B.C., is estimated at 1.2-to-1. The deposit is 70% owned by Continental Go…
Trying to control the price of metals
I read recently the Soviet government had raised the ruble price of all gold jewelry by 50% in order to discourage speculation against the ruble. Apparently the more prosperous, hard-working Soviet ci…
Teck, Int. Platinum look for base metals
An agreement has been reached between International Platinum (TSE) and Teck (TSE) to explore the Eagle Lake base metal prospect near Dryden, Ont. Under the terms of the agreement, Teck will spend $1.6…
Minven’s costs override revenues
Minven Gold (TSE) recorded a net loss of US$938,385 (3 cents per share) for the fourth quarter of 1989, compared with a loss of US$16,295 in the same quarter of 1988. Fourth- quarter revenues were US$…
Metal snips Tenneco expanding soda ash operation
A joint venture will be formed between Tenneco Minerals and Asahi Glass Co. of Japan to acquire Tenneco’s Green River soda ash facility in Wyoming and expand annual production by 600,000 tons, or 48%….
Gold funds as of Mar. 13
MVP BGR Central Capital Net value $12.03% %$6.19% $0.42 Price $10.875% %$6.50% $0.33 Discount 9.60% 5.0%5 21% Value $71,612,014 $104,191,720 N/A…
FUTURES PRICES (March 19, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 121.70 118.70 119.00 — 1.25 Apr 115.15 115.15 115.15 — 2.20 May 115.60 112.20 112.70 — 2.65 SILVER (in US …