Metal Prices (April 06, 1987)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 31 Mar. 30 Mar. 27 Mar. 26 Mar. 25 Copper 949-950 944-945 950-952 943-945 926…
Articles by Northern Miner Staff
Royex makes offer to boost interest in Int’l Corona
In a move that is designed to put Murray Pezim out of the picture, Royex Gold Mining has announced an offer worth potentially $230 million to boost its ownership in International Corona Resources to a…
Letters to the Editor Mining is more than gold
I wish to support Mr Kortschwar’s letter in your March 23 issue (Too Much on Gold?). I, too, have been a subscriber for many years and bought into some of your base metal companies before they ran int…
United stakes more claims near Madoc
Additional ground has been acquired by United Reef Petroleums near Madoc, Ont. United, which now has 110 claims in the area, says the ground was acquired for its gold potential. Gold showings sampled …
Brazil’s gold premium: just a drop in a $78-billion bucket
Brazil needs cash. And to get it, the government is paying gold miners in the country a 60% premium on the average London fix price to discourage them from selling it outside the country on the black …
Moneta high grade
Moneta Porcupine Mines has intersected a high grade section on its Michaud Twp., Ont., gold property. Located 70 miles east of Timmins, one drill hole cut 5 ft grading 0.6 oz. Included in the section …
Second anomaly hit by Normine on B.C. claims
A second large geophysical anomaly has been located by Normine Resources on its Wait claim group near Kimberley, B.C. The company’s consultant says the new B anomaly “fits the classic pattern of gravi…
PRODUCER PRICES (April 06, 1987)
ALUMINUM: MW U.S. Market 62.00 cents -64.00 cents per lb. (Mar 19, 1987). ANTIMONY: New York dealer $1.12-$1.18 per lb. (Mar 19, 1987). BISMUTH: New York dealer $2.50-$2.70 per lb. (Feb 26, 1987). CAD…
COATS Trading Features (April 06, 1987)
Edda Resources made a strong advance to 85 cents -95 cents from the 35 cents range. The company holds a 51% interest in a private company. The private firm holds a large land position near the Namew L…
Joutel enters private placement with Australians
Toronto-listed Joutel Resources has agreed to enter into a private placement agreement with Balmoral Resources NL of Western Australia. Under the terms of the transaction, Joutel will issue up to 400,…
Editorial Mr. Reagan gets our goat
Americans (in the White House at least) do not seem to share the concern we Canadians have for a healthy, clean environment. They seem to place a higher value on technological supremacy, regardless of…
Zahavy elevuating purchase of Getty’s 50% in Favourable Lake
Alberta-listed Zahavy Resources says it has been advised by Getty Resources that a third party has made an offer-to-purchase Getty’s 50% interest in the Favourable Lake joint venture property located …