FREE MARKET (March 26, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 20 Mar. 19 Mar. 16 Mar. 15 Mar. 14 Copper 1652-1654 1650-1652 1668-1670 1676-16…
News
Redfern, Cumberland drilling disappoints
A $300,000 exploration program funded by Redfern Resources (TSE) and Cumberland Resources (VSE) returned only low grade zinc and copper values from the Prairie River-Marlhill property near Terrace Bay…
Editorial Providing the freedom to compete
Canada had better take a close look at its competitive position, and soon, or it is going to find its mineral industry withering away, the victim of neglect. The lure of foreign lands is proving too a…
Tenajon, Westmin reach new agreement
The postponed agreement between Westmin Resources (TSE) and Tenajon Resources (TSE) for developing the SB gold-silver property near Stewart, B.C., is back on track. The two companies recently announce…
Black Swan edges in the black
Earnings for Black Swan Gold Mines (VSE) for the nine months ended Dec. 31 amounted to $7,000 on revenues of $3.4 million. No figures were given for the comparable period in the previous year. The 9-m…
People (March 26, 1990)
INCO — William Glavin elected a director.
Larger mill for San Luis mine
A permit amendment was recently granted by the state of Colorado allowing Battle Mountain Gold (TSE) to increase the mill size at its San Luis gold mine in Costilla Cty. The company originally intende…
Letters to the Editor Canadian companies active in Arizona
The Arizona Department of Mines and Mineral Resources was very pleased to see that you used information included in our recent press release (T.N.M., Jan. 15/90). We were extremely disappointed, howev…
Those who foresee mineral shortage ignore laws of nature, economics
The prophets of doom are at it again. Harking back to the theme of “Limits to Growth” put forward in 1972 by the Club of Rome, some environmentalists have pronounced mining to be incompatible with “su…
Easing of regulations in Latin America improves climate for
investment…
Northgate income up from last year
Lower income taxes and investments in associated companies resulted in a better earnings picture for Northgate Exploration (TSE). The Toronto-based company reported net income of $9.4 million or 42 ce…
Second Fontana hole hits mineralized zone
A second encouraging hole has been completed on the Fontana property near Val d’Or, Que. The gold property, 40% owned by Bay Resources and Services (ASE), a subsidiary of St. Genevieve Resources (TSE)…