Montreal Exchange Cogesco actively traded
Active trading on the Montreal Exchange led to new highs during the past week before the exchange’s portfolio index slipped back slightly. Mining issues continued to be among the active stocks, with t…
Articles by Northern Miner Staff
Vancouver Stock Exchange Heavy, record-breaking volume
Yesterday the Vancouver market roared as investors stampeded into speculative issues and the index broke yet another record. For the first time ever, it breached the 1,645 level and vse spokesperson H…
Ahead of schedule Pegasus output climbing
With mining and processing operations under way one month ahead of schedule in Montana, Pegasus Gold is projecting cumulative gold production for 1987 of approximately 225,000 oz. Last year the compan…
Horne smelter gets acid plant
Canada’s second-largest source of acid rain, the 60-year-old copper smelter of Noranda Inc. in northwestern Quebec, is getting a new sulphuric acid plant. The plant, to help cut back on sulphur dioxid…
Acadia moving a 3rd drill to east-coast Mooseland property
Indications are that the Mooseland could be the next gold property in Nova Scotia to warrant an underground exploration program. A third drill is being moved onto the Mooseland property, located 45 mi…
Metal Prices FREE MARKET London Metal Exchange (March 30, 1987)
Spot closing prices in Pound Sterling per tonne Date Mar. 24 Mar. 23 Mar. 20 Mar. 19 Mar. 18 Copper 942-944 925-926 922-923 914-915 906.5-907.5 Lead 304.5-305 302-303 305-306…
Fate of the old Lake Shore awaits results of drilling
It doesn’t take more than a flip through the pages of Kirkland Lake history to realize what a venerable position the Lake Shore mine held in that famous gold camp. One of the largest and richest mines…
Shareholder seeks greater representation
A minority shareholder was unsuccessful in a bid to have a seventh director named to the board of Citadel Gold Mines at the company’s annual meeting in Toronto. “We, as minority shareholders, are bein…
Firms discuss joint venture
Toronto-listed International Platinum Corp. has signed a letter of intent with Degussa A.G. to enter into further negotiations on a joint venture exploration agreement regarding several of the former’…
Firm forecasts price of gold
Know what the price of gold will be in a year or 18 months’ time? You don’t have a clue? Well, Martin Murenbeeld thinks he does. Mr Murenbeeld is president of M. Murenbeeld & Associates Inc., a Toront…
Predict 50% increase in Wharf gold output for 1987
Chronically under-financed, Wharf Resources has struggled to maintain production at its Annie Creek gold mine near Lead, S.D. But the company appears to have turned the corner and with record precious…
PRODUCER PRICES (March 23, 1987)
ALUMINUM: MW U.S. Market 62.50 cents -64.00 cents per lb. (Mar 5, 1987). ANTIMONY: New York dealer $1.08-$1.14 per lb. (Feb 26, 1987). BISMUTH: New York dealer $2.50-$2.70 per lb. (Feb 26, 1987). CADM…