Spot prices at a glance (February 19, 1990)
Week’s Price (US) Change Gold*$416.00–$ 3.90 Silver*$ 5.29–$ 0.01 Platinum*$516.10+$ 6.30 Nickel**$ 3.15+$ 0.37 Lead**$ 0.35+$ 0.02 Copper$ 1.05+$ 0.03 Zinc$ 0.62+$ 0.02 Courtesy of Scotiabank. Info…
News
GBryndon financing
Bryndon Ventures (TSE) has completed a $150,000 financing through a private placement of flow- through shares. The money will fund exploration on Bryndon’s gold prospect in northwestern British Columb…
Metals News in Brief
World crude steel output rose to a record high of 783.5 million tonnes in 1989, up 0.5% from the previous year, according to preliminary figures released by the International Iron and Steel Institute….
Toronto Stock Exchange Casa Berardi discovery sparks buying as
Those who predict that a weaker U.S. dollar and trouble in South Africa will eventually force the price of gold through the US$425 per oz. barrier on up to US$450 were having to swallow their words th…
IOCC GOLD OPTIONS (February 19, 1990)
Options Open SeriesVolumeLastInterest Feb. 400 C 86620.901,356 Feb. 410 C 30410.501,525 Feb. 420 C 1,005 3.002,556 Feb. 430 C 348 0.303,342 May 420 C 54617.901,724 May 430 C 67814.501,042 May 440 C 94…
Pine Point earnings up
Higher prices for zinc metal throughout much of the past year led to a substantial increase in 1989 revenues and earnings for Pine Point Mines (TSE). Unaudited net earnings for the year totalled $94.1…
Parquet, Cache cut strong gold values
Joint venture partners Parquet Resources (TSE) and Explorations Cache (ME) have intersected 38.2 ft. grading 0.34 oz. gold per ton and 13 ft. grading 0.67 oz. in two recently completed drill holes on …
Radisson pours first Duquesne gold
The first gold was recently poured from the Duquesne mine project, about 19 miles north of Rouyn-Noranda, Que., Radisson Mining Resources reports. Recovered from a bulk sample of 3,267 tons was 1,059….
People (February 19, 1990)
INTERNATIONAL COPPER ASSOCIATION — Dr. Nathan Church appointed technical director, metallurgy, succeeding Dr. Dale Peters who has jointed the Copper Development Association.
Jascan option deal
Jascan Resources (TSE) has optioned its Dawson property in Colorado to Uranerz, a West German mining company. Under the terms of their option agreement, Uranerz can earn a 75% interest in Jascan’s Daw…
OSC seeks power to regulate professionals
The Ontario Securities Commission has recently proposed a series of far-reaching amendments to the Securities Act that would broaden its investigation and enforcement powers to include mining engineer…
Six rigs on site at Eskay Creek
Operator Calpine Resources (VSE) has six diamond drill rigs continuing to test the 21 zone discovery at Eskay Creek with both stepout and infill drilling. The company and equal partner Stikine Resourc…