Montreal Exchang Two mine openings
The stock market news doesn’t seem to get any better as the summer nears an end. The Montreal Exchange experienced a downturn this past week with both the general market portfolio index and the mining…
News
Louvem earnings (September 12, 1988)
A net loss of $409,000 (3 cents per share) was reported by Louvem Mines (TSE) for the first half of 1988, compared to a net gain of $527,000 (4 cents per share) for the same 6-month period in 1987. Lo…
Metals Market Spot prices at a glance
Week’s Price (US) Change Gold (per oz) $427.00 + $ 0.65 Silver (per oz) $ 6.51 + $ 0.05 Platinum (per oz) $526.00 $ — Copper (per lb) $ 1.07 $ — Lead (per lb) $ 0.28 …
Black Hawk deal
Black Hawk Mining Inc. (TSE) has entered into an agreement with Lodi Metals (VSE) which gives Black Hawk the right to earn a 55% interest in Lodi’s graphite property near Smith Falls, Ont. Black Hawk …
Borealis to place Fat Lake assets into new subsidiary
Calgary-based Borealis Exploration (ASE) says it plans to form a new subsidiary before bringing its Fat Lake gold project into production next year. To be named Borealis Fat Lake Mine Ltd., the new en…
Metals Page High prices provide the fuel for intensive global gold
“Gold is the key, whatever else we try, and that sweet metal helps the winner in each case, with love as well as war.” These words were written by Moliere 326 years ago. Mining for gold really is digg…
Books (September 12, 1988)
A report entitled Field inventory of mineral resources, Goshute Indian Reservation, Nevada and Utah is available for public inspection at the Nevada Bureau of Mines and Geology. The report may be insp…
Campbell has second half loss
A loss of $513,000 was realized by Campbell Resources (TSE) for the first half of this year. This compares to a profit of $421,000 for the same period last year. The red ink comes from a loss of $211,…
Coleraine reserves
Possible reserves of 1.5 million tonnes chromite grading 4.5% CR(2)O(3) have been announced by Coleraine Exploration (ME) for its Coleraine property near Thetford Mines, Que. A $750,000 exploration pr…
Metal Prices FUTURES PRICES (September 12, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep 102.80 101.10 102.20 + 0.60 Dec 99.80 97.25 99.20 0.30 Mar 94.30 92.90 …
Letter to Editor (cb) Sept. 12 Canadian mining businss trusted
I have read with interest the complaint by James D. William, in your July 25, 1988 edition about how minority shareholders have been treated by Western Mining Corp. after this company had acquired ove…
Ketza start up problems put Pacific Trans in bind
Start-up problems at the Ketza River gold project near Ross River, Yukon have put Pacific Trans Ocean Resources (TSE) in a financial bind. As holder of a 50% interest in the joint venture, Pacific Tra…