METAL PRICES FUTURES PRICES (June 03, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jun 101.50 99.80 99.90 — 1.10 Jul 99.45 98.80 99.20 — 0.30 Aug 98.80 98.80 98.80 — SILVER (in US cents per o…
1991
IOCC GOLD OPTIONS (June 03, 1991)
Options Open Series Volume Last Interest Aug 370 C 10 4.50 13 The New York closing gold price was $363.50 per oz. Last quotat…
TSE Short Positions (June 03, 1991)
Semi-monthly reports as of May 15, showed 25,640,565 shares of 587 issues compared with 26,009,570 shares of 646 issues on Apr 30. Larger individual positions included: Amax Gold 35,400, up 32,400; A…
LETTERS TO THE EDITOR Coeur d’Alene listed on NYSE
I have read your informative article (T.N.M., May 13/91) on the Kensington gold joint venture in Alaska. The Northern Miner has traditionally done an excellent job of covering mining activities in Can…
Mining starts at SB property
Mining began May 20 at the SB gold property near Stewart, B.C., a joint venture between Tenajon Resources (VSE) and operator Westmin Resources (TSE). Tonto Mining was awarded the contract for mining,…
Hope Brook suspends mining to avoid violation
For the second time in as many years, Hope Brook Gold Mines (TSE) is temporarily suspending operations at its 3,000-ton-per-day Newfoundland gold mine in a bid to solve nagging environmental control p…
Gold Commissioner rules on claims
British Columbia’s chief gold commissioner recently ordered that Eurus Resource (VSE) apply for abandonment and relocation of the PI and Delta claims within 30 days of the removal of the staking freez…
Hemlo to write down Central Crude
Hemlo Gold Mines (TSE) is considering taking a writedown on its investment in the Eagle River, Ont., gold joint venture with Central Crude (TSE), said President John Harvey at the company’s recent ann…
Glamis ups debenture issue to raise US$4 million more
The successful completion of a private placement of debentures by Glamis Gold (TSE) prompted the company to increase the size of the issue to US$12 million from a minimum of US$8 million. The placemen…
PEOPLE MOUNT ALLARD RESOURCES
Ed Gallagher appointed president and director; Frank Hogg and Avraham Elarar appointed directors.
Ontario celebrates Mining Week
The second annual Ontario Mining Week will be celebrated June 3-7 across the prov-ince in various communities through a variety of activities, including underground tours, career days, geological excu…
U.S. REPORT Payment keeps Crown in black
A final payment of US$5 million to Crown Resources (VSE) in January helped push the company’s 1991 first-quarter earnings to US$2.1 million. The results compare with earnings of US$3.3 million in the…