Toronto Stock Exchange Indices (February 05, 1990)
1989 Jan. 30Jan. 29Jan. 26Jan. 25Jan. 24HIGH LOW Composite “300”3707.003722.523733.723749.353761.464009.473707.00 Metals & Minerals3048.703056.643064.413071.853068.443453.053048.70 Integrated mines…
News
Dufresnoy drilling
Exploration work will soon be under way at three properties, Dufresnoy (ME) reports. At the Union Mining-New Bidlamaque property near Val d’Or, Que., a drilling program of 3,000 metres is planned. Pla…
Montreal Exchange Market retreats
Volatile financial markets had a negative impact on the Montreal Exchange during the week ended Jan. 30. The price of gold advanced at the beginning of the report period, then backed off. Both the mar…
Metal Prices FUTURES PRICES (February 05, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb 97.05 96.10 96.15 — 2.00 Mar 97.30 95.50 95.65 — 1.80 Apr 95.90 95.90 9…
Metal Prices PRODUCER PRICES (February 05, 1990)
ALUMINUM: MW U.S. Market US68.75- 70.50 cents per lb. (Jan. 18, 1990). ANTIMONY: New York dealer US81-84 cents per lb. (Nov. 30, 1989). BISMUTH: New York dealer US$4.40-4.50 per lb. (Dec. 14, 1989). …
Bill to change 1872 Mining Act reaches Congress
Legislation to repeal the mining law of 1872 was introduced recently by Representative Nick Rahall (West Virginia), chairman of the House Mining and Natural Resources Subcommittee. In introducing the …
Tenneco opens Fondaway mine
The official opening of the Fondaway gold mine near Fallon, Nev., adds yet another new mine to a growing roster that has made this state the leading source of gold production in the U.S. Tenneco Miner…
Simkar discovery
A new gold mineralized zone has been discovered by underground drilling at the Simkar gold project near Val d’Or, Que. The project is owned by partners R onrico Explorations (VSE) and Louvicourt Gold …
Minnesota lowers tax rate for mines
Mining taxes in Minnesota have been lowered by legislators in an attempt to stimulate mineral exploration. Although the state has no base or precious metal mine production, a high tax rate — one of t…
Toronto Stock Exchange Bears rule the market as index continues to
The bear hug squeezing equity markets refused to let go today, Jan. 31, as the composite index slipped another 2.58 points to close at 3,704.42 points. That’s six straight days of losses. Since early …
Minnova to explore Rainbow project
The Rainbow property in the Greenwood mining camp of southern British Columbia will be the subject of a 60% earn-in by Minnova (TSE). The company is earning the interest from Kettle River Resources (V…
Franco in Hemlo
Franco-Nevada Mining (TSE) has entered the Hemlo gold camp by purchasing a 100% interest in 31 claims from International Interlake Industries (VSE). Franco will pay Interlake $1.65 million after compl…