Pegasus breaks records
Record production, revenues, and cash flow were reported by Pegasus Gold (TSE) for the year ended Dec. 31. Pegasus produced 341,400 oz. of gold for revenues of US$178.4 million and cash flow of US$59….
News
Goldteck drilling placer bet in Chile
Drilling of 353 holes in an on-going program of placer gold exploration in central Chile has been completed by Goldteck Mines (TSE). The company reports 40% of the holes were gold-bearing. One of the …
Uranium Institute holds symposium in September
The Uranium Institute’s 15th annual symposium will be held in London, England, Sept. 5-7. Topics include nuclear electricity costs, the environmental imperative for energy supply, recycling nuclear fu…
Mineral production in Que. up 13%
Mineral production in Quebec during 1989 increased on average by 13%, while sales of the province’s minerals rose by 3.8%, to $2.8 billion, from 1988 levels. Sales of copper, zinc and gold rose by 26%…
Vancouver Stock Exchange Bulls favor the yellow metal
Despite continued strength in gold bullion prices, the Vancouver Exchange followed the New York and Toronto markets’ general direction, dropping 15.34 points to finish the period ended Feb. 20 at 725….
Inco donates $1 million to Queen’s
A gift of $1 million to provide students in the department of mining engineering at Queen’s University in Kingston, Ont., with modern laboratory facilities has been pledged by Inco (TSE). Spread over …
Equipment exhibition in sudbury June 19-21
The northern Ontario city of Sudbury, Ont., will attract a large number of visitors from other parts of Canada and around the world when it hosts the 1990 Canadian Mining & Industrial Equipment Exhibi…
Ottawa doing away with CEIP
Less than two years after introducing its Canadian Exploration Incentives Program (CEIP), the federal government is eliminating the controversial scheme in an attempt to reduce the burgeoning deficit….
IOCC GOLD OPTIONS (February 26, 1990)
Options Open SeriesVolumeLastInterest May 390 C 13138.50 407 May 410 C 17624.00 842 May 420 C 94019.401,768 May 430 C 13812.001,261 May 440 C 180 9.801,492 May 450 C 258 6.50 637 Aug. 420 C 7626.00 70…
PRODUCER PRICES (February 26, 1990)
ALUMINUM: MW U.S. Market US65.00- 67.00cents per lb. (Feb. 15, 1990). ANTIMONY: New York dealer US84-86cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CADM…
Radisson decides against purchase of Beauchastel
The Beauchastel mining installations of Augmitto Explorations (TSE) near Rouyn-Noranda, Que., will not be purchased by Radisson Mining Resources (ME). Radisson, searching for milling facilities for it…
FUTURES PRICES (February 26, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in UScents per lb.) Feb 114.55 114.30 114.55 + 9.10 Mar 115.10 112.10 113.00 + 8.80 Apr 110.60 110.50 110.25 + 7.35 SILVER (in US cent…