PRODUCER PRICES Metal Prices (October 31, 1988)
ALUMINUM: MW U.S. Market $1.055-$1.095 per lb. (Oct 20, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $5.90-$6.00 per lb. (Oct 20, 1988). CADMIUM: New Y…
News
Tri-Valley plans drilling, trenching on Richardson
More trenching and drilling are planned next year on Tri-Valley Corp.’s Richardson lode project southeast of Fairbanks, Alaska. Asarco Inc. recently dropped its option on the property without earning …
Pegasus buying into Pioneer Metals by David Duval
Pegasus Gold Inc. (TSE) recently concluded an agreement to purchase a $12 million convertible debenture from Pioneer Metals (TSE) which, for the debenture itself, would give Pegasus an approximate 14%…
NSR/Nova Cogesco agreement completed
An agreement has been completed between NSR Resources (TSE), Nova-Cogesco Resources (ME) and Belmoral Mines (TSE) which gives Belmoral the right to mine and continue exploration of the Rand Malartic p…
Queries Lac’s dividend confusing
My question is about LAC Minerals’ dividends. I thought I saw in your paper that LAC paid a 20 dividend in 1987, but I only got 10 per share for the 2,000 shares I own. Where did the other 10 go? P…
Japan’s Nippon looking for gold
Nippon Mining Company, Japan’s largest producer of copper, is now exploring for precious metals in North America through a subsidiary based in Reno, Nev. A few years ago, Nippon made the decision to b…
Imperials Metals subsidiary hits zinc in U.K pilot hole
An Imperial Metals Corp. (TSE) subsidiary, Anglesey Mining, has encountered zinc-bearing sulphide mineralization in a pilot hole at its Parys Mountain property in North Wales, U.K. The test hole was p…
Bull market for copper shows no sign of slowing
The bull market in copper doesn’t seem to want to go away. The base metal, which was selling above $1.40(US) per lb at the end of 1987 and has been selling in the $1 range for a good part of this year…
INSIDER TRADES (October 31, 1988)
Anderson Expl. — BC Sugar Refinery bought 164,706 (Sept, private) to hold 3,684,848. Kerr Addison bought 392,157 (Sept, private) to hold 6,202,281. Atlantic Goldfields — A. Howe sold 257,000 to hold…
ERG opens huge tailings project (October 31, 1988)
An ambitious 17-year mine tailings project which could see the recovery of 110,000 oz gold during the first full year of operation in 1989 has been officially placed into production by ERG Resources (…
Futures Prices Metal Prices
N.Y. Commodity Exchange Copper (in UScents per lb Oct 141.00 139.10 139.40 +1.40 Dec 137.50 130.50 134.40 +6.60 Jan 132.00 130.00 128.40 — Silver (in US cents per oz) Oct …
Toronto Stock Exchange Small but steady gains help index advance
A spate of buying has crept back in the markets as evidenced by the steady gains in the composite index. Today’s 5.67-pt advance moved the composite to 3,430.15 pts — up 50 pts for the week. Today’s …