FUTURES PRICES (March 05, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in UScents per lb.) Mar113.75 111.50 111.90 1.10 Apr110.50 108.80 108.90 1.35 May107.40 105.80 106.75 SILVER (in UScents per oz.) Mar5…
News
Franco-Nevada to issue half a million warrants
Toronto-based Franco-Nevada Mining (TSE) says it has agreed to issue 500,000 special warrants at $20.75 each. First Marathon Securities and Gordon Capital Corp. have agreed to purchase the special war…
Vancouver Stock Exchange Trading is dull as gold falls
Trading was relatively dull during the week ended Feb. 27, the Vancouver Exchange dropping 0.42 points to 724.6. Gold bullion’s steep dip may have had something to do with the market’s lethargy. The y…
Prospectors protest CEIP cuts
While they are resigned to life without the Canadian Exploration Incentive Program (CEIP), junior mining executives are planning a campaign to heighten public awareness of the impact that the federal …
TAC askks for papers
The Tunnelling Association of Canada (TAC) will hold its 8th annual general meeting Nov. 1-2. Submit abstracts of papers, in English or French, on technical advances in designing and constructing unde…
Glencairn signs Goodfish agreement
An agreement has been reached between Glencairn Explorations (ASE) and International Platinum (TSE) to explore the 25-claim Goodfish gold property near Kirkland Lake, Ont. Under the agreement, Interna…
IOCC GOLD OPTIONS (March 05, 1990)
Options Open Series Volume Last Interest May 390 C 203 30.00 404 May 430 C 229 6.50 1,354 May 440 C 405 5.50 1,679 May 450 C 491 3.50 354 Aug. 400 C 246 31.50 354 Aug. 420 C 270 19.50 724 Aug. 430 C 1…
Letters to the Editor Ontario government counters CEIP cuts
I read with great interest your editorial in the Feb. 26 issue “Exploration could use more support.” I agree with the overall thrust of your remarks that Ontario’s mining industry is such an important…
Metal Prices (March 05, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 27 Feb. 26 Feb. 23 Feb. 22 Feb. 21 Copper 1442-1443 1441-1442 1430-…
FINANCING (March 05, 1990)
ONTARIO Sindor Res — final rec iss offer 2,200,000 @ 50cents per unit to net $1,001,000. VANCOUVER Black Rock Nevada — 800,000 sold for gross $360,000. Fortress Res — opt exerc on 175,000 @ 40cents…
Editorial Capital gains should reflect reality
With the wave of a hand Finance Minister Michael Wilson has swept away the Canadian Exploration Incentive Program (CEIP), a system of grants upon which many mineral exploration companies had based the…
Surluga gold mine gets another look
The open pit potential of the mothballed Surluga gold project near Wawa, Ont., is going to be investigated, thanks to a recent agreement signed by Citadel Gold Mines (TSE) and Pan Orvana Resources, a …