Australian junior files base metals prospectus
An Australian junior appears to be leading a swing by junior companies back into developing base metals properties. East West Minerals, of New South Wales, trading in Sydney at about $1.60(A), this we…
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Vancouver Stock Exchange Calpine, War Eagle sustain interest
Although trading volumes on the VSE have picked up dramatically in recent weeks due to several new discoveries, public opionion polls suggesting the Liberals might win the next election and scrap the …
Metal Prices FUTURES PRICES (November 14, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 149.00 149.00 148.80 + 0.40 Dec 144.00 140.30 142.30 + 0.40 Mar 120.35 118.00 119.1…
Montreal Exchange Uneasy investors react
Election jitters seem to have gotten to investors this week, with the market well off and the value of the Canadian dollar dropping. Published voter- preference polls showed the Liberals with a comman…
Metal Prices (November 14, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Nov 8 Nov 7 Nov 4 Nov 3 Nov 2 Copper 1849-1…
Brenda improves profit (November 14, 1988)
Stronger copper and molybdenum prices were responsible for improved earnings at Brenda Mines (TSE). The Noranda-controlled company, which operates a copper/ molybdenum mine in British Columbia, realiz…
Timmins report Hollinger headframe removed
The old central shaft headframe of the Hollinger Consolidated gold mine, now owned by Giant Yellowknife Mines (TSE) was blasted and tied up with cables and pulled to the ground, recently. It took seve…
Amax Gold announces third quarter earnings
Amax Gold’s net earnings were $13.1 million(U.S.), or 22 per share for the 1988 third quarter compared with $11.1 million or 18 per share for the 1987 third quarter. For the first nine months of 1988…
BHP-Utah Mines to earn interest in Snow Lake property
A gold property with known reserves near Snow Lake, Manitoba has caught the interest of BHP-Utah Mines, an indirectly held subsidiary of Broken Hill Proprietary of Australia. Formerly known as Utah Mi…
Spot prices at a glance (November 07, 1988)
Week’s Price (US) Change Gold (per oz) $412.50 + $ 5.00 Silver (per oz) $ 6.35 + $ 0.10 Platinum (per oz) $573.00 + $34.00 Copper (per lb) $ 1.53 + $ 0.04 Lea…
Annual meeting
The program planned for the 1989 Society of Mining Engineers annual meeting and exhibit includes technical sessions, three special symposia, three short courses, several field trips and an expanded ex…
Hope Brook Gold’s quarterly results
After selling 41,850 oz gold from its mine in southwestern Newfoundland, Hope Brook Gold (TSE) reported net income of $2.8 million or 10 per share during the first nine months of 1988. Revenues for t…