IOCC GOLD OPTIONS (May 07, 1990)
Options Open Series Volume Last Interest May 380 C 25 2.50 1,448 May 390 C 38 0.80 1,122 Aug 380 C 30 12.00 149 Aug 390 C 114 8.50 579 Aug 420 C 25 2.75 941 Aug 450 C 41 0.70 1,697 Nov 400 C 105 13.00…
1990
Echo Bay won’t increase its stake in Magino, Magnacon
Large North American gold producer Echo Bay Mines (TSE) has decided not to proceed with a plan to exchange its shares in the Muscocho group of companies for a direct interest in the group’s struggling…
Freewest in position to fund Noranda bet
A flow-through financing agreement with CMP 1990 Resources and Co. has put Freewest Resources (ME) in a position to fund its share of a 100,000-ft. drill program at its 40% owned Harker Holloway gold …
Alberta Stock Exchange Louisiana eyes copper
A copper project in New Mexico near the town of Silver City has caught the attention of Louisiana Mining. The junior has entered into a letter of intent with an individual to acquire a 51% interest in…
Encouraging zinc/copper values reported at Greenstone project
Partners Greenstone Resources (TSE) and Dragoon Resources (VSE) say they are getting indications that a large base metal deposit could exist within the boundaries of their jointly held McNeil property…
Editorial Shaking investors’ confidence
Mineral exploration across Canada is suffering through a gloomy time, but in Ontario explorationists could find it even more difficult to continue their efforts as a result of the recent debacle at th…
Million-oz. coin
Sales of the Australian Nugget gold coin recently reached one million ounces, less than three years after it was introduced. Government agency Goldcorp Australia says the coin, released in April, 1987…
Westar income slashed by higher costs
Higher costs associated with its forest products division have slashed earnings for Westar Group, the controlling shareholder of Westar Mining (TSE). Westar reported first-quarter net earnings of $0.4…
Golden Rule has 22% stake in Waddy Lake
GR Capital Corp., a subsidiary of Golden Rule Resources (TSE), says it will not be acquiring more shares of Waddy Lake Resources (TSE), except in compliance with all legal and regulatory requirements….
U.S.Report FMC seeking to buy 100% interest in Meridian Gold
Chicago- based FMC Gold (NYSE) has moved to acquire 100% of Meridian Gold, a unit of Burlington Resources which controls the Royal Mountain King gold mine in California and the advanced Beartrack gold…
Pine Point earnings fall in first quarter
Lower zinc prices in the first quarter of 1990 resulted in a 38% earnings drop for Pine Point Mines (TSE). Net earnings for the quarter totalled $14 million ($3.02 per share), compared with $22.5 mill…
Metal Prices (May 07, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 1 Apr. 30 Apr. 27 Apr. 26 Apr. 25 Copper 1755-1760 1578-1579 1624.50…