Metal Prices (October 17, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Oct 11 Oct 10 Oct 7 Oct 6 Oct 5 Copper N/A …
News
Mine production satisfies 66% of world gold demand
While gold production from mines in the non-Communist world will total 53.5 million oz by 1991, there won’t be enough of the metal to satisfy demand. In fact, the Gold Institute of Washington, D.C., r…
Queries Black Bay Uranium is now Atco Ltd.
I wish to have information on a company called Black Bay Uranium. I hold a total of 13,000 shares in this company. I also own 800 shares of another company called Allied Pitch- Ore Mines Ltd. Can you …
Metal Prices FUTURES PRICES (October 17, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Oct 129.50 129.50 129. 50 + 11.25 Dec 120.30 117.10 120.10 + 10.15 Jan 116.00 116.00 116.3…
Letters to the Editor CB Perception causes rise and fall of stock
As a layman I would like to express my opinions on the price of stocks. Stock prices may rise or fall depending on the public’s perception alone. The profit or loss of the individual company does not …
Mining Reserve Calculations Begin For Sulphurets Project
Reserve calculations to be used in generating mining reserve figures for the advanced Sulphurets project in northwestern British Columbia are now in progress. The property is owned 60% by operator New…
Northgate, Westfield pool mining assets
Northgate Exploration (TSE) and affiliate Westfield Minerals (TSE) have agreed to pool several assets into a holding company. Known as Norwest Holdings, the company will own an 18% interest in Whim Cr…
First Mississippi pre-tax profit from mining division $2.5 million
First Mississippi Corp. has reported a pre-tax operating profit of $2.5 million from its minerals division for the year ended June 30. The profit, which compares with a $200,000 loss a year ago, refle…
Alberta Stock Exchange Varna merits attention
Gold watchers can take heart from the progress of the Varna Gold issue which proved single handedly that even in the current market climate, investors still care about drill results. Encouraging resul…
Diamonds are forever, but in Saskatchewan?
The discovery of kimberlite, a diamond-hosting rock, near Prince Albert by Monopros Ltd., a subsidiary of DeBeers Mining Company, has many people thinking there could be. Several majors have secured l…
Mining fear, not gold
This year securities commissions across North America estimate that tens of thousands of Canadians and Americans will lose in excess of $250 million in stock and investment swindles related to gold sh…
Vancouver Stock Exchange Value of trading in ’88 half of ’87
The anniversary of October 1987’s “Black Monday” is just around the corner, and although it’s the kind of milestone that only an unabashed short-seller could truly love, one need only look at VSE trad…