Inco consolidating 3 mill operations
The consolidation of three milling and concentrating operations in the Sudbury, Ont., area will be carried out by giant nickel producer Inco Ltd. (TSE) at a capital cost of $69 million. Affected by th…
News
Uranium’s future tied to political events
Global uranium production is expected to remain below consumption for several more years as inventories are depleted, writes Nuexco, a uranium brokerage firm in the United States, in a recent monthly …
Metal Prices FUTURES PRICES (September 05, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep 102.40 101.40 101.60 + 1.55 Dec 100.20 98.80 99.50 + 1.50 Mar 95.40 94.50 …
Investment comment Juniors mining stocks still offer bear market
The current bear market may have driven down the appetite of retail investors for junior mining stocks, but there are still some juniors out there to keep an eye on, says Yorkton Securities mining ana…
$4.7 million for Wilanour property
A $4.7 million underground exploration effort has been approved for the Wilanour property near Red Lake, Ont. Partners include Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE) with 50%, Wilanour…
Alberta Stock Exchange Biron bucks trend
In the last vestiges of a long hot summer, the retail-oriented Alberta Exchange is still waiting for a fall buying spree to pull the market out of its current state of lethargy. Volumes continued to b…
Mining to become a cornerstone of Alaskan economy says report
A state government report on Alaska’s mineral industry concludes that mining will “again become a cornerstone of the state’s economy.” Alaska’s Mineral Industry, 1987, the annual economic summary of m…
People (September 05, 1988)
GEXA GOLD — David E. Lindh appointed chairman of the board. People…
Queries Canada Radium Corp.
While looking around in my father’s attic recently, I found a copy of a 1959 share certificate for 100 shares of Canada Radium Corp. I’m 99% sure that the shares are worthless but I’m curious as to th…
Vancouver Stock Exchange Still slow and sluggish
Patience has become a real (but unwelcome) virtue among Vancouver brokers these days. Placing bets as to exactly when this long-running (since Oct ’87) bear market will end has become a popular pastim…
McAdam Resources aims to be back in business soon
Back in June of this year, McAdam Resources (TSE) discovered that a surface crown pillar over an old, mined-out stope at its McWatters property near here was only about 7 ft thick. Worse still, it fou…
Drilling Planned for Nevada Joint Venture Discovery
A reverse circulation drill program is being planned by joint venture partners, Brican Resources (VSE) and Bow Valley Mining to test a large zone of gold mineralization recently discovered on the 8,00…