Metal Prices PRODUCER PRICES (August 08, 1988)
ALUMINUM: MW U.S. Market $1.24-$1.28 per lb. (July 28, 1988). ANTIMONY: New York dealer $0.99-$1.05 per lb. (July 21, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New …
News
Bitech annouces discovery on coast of Newfoundland
Toronto-based Bitech Energy Resources (ASE) has announced what it believes is a significant gold discovery in the Betts Cove area on Newfoundland’s Baie Verte Peninsula. The discovery was made during …
Pegasus to start up Montana mine
With state operating permits now in hand, Pegasus Gold (TSE) is targeting start-up and commissioning this fall of its open pit heap leach Beal Mountain mine located 16m southwest of Butte, MN. And onc…
Uranium symposium (August 08, 1988)
The 13th annual symposium of the Uranium Institute, an international industrial association of the civil nuclear fuel industry, will take place Sept 7-9 in London. Sixty-eight corporate members from 1…
Vancouver Stock Exchange Sumer doldrums slow trading
It was yet another quiet week on the VSE with many investors still on the sidelines waiting for news from summer programs now under way in northwestern B.C. and elsewhere. The expectation is that good…
Jamex, Dungannon now Claddagh Gold
Shareholders of Jamex Resources (ME) and Dungannon Explorations (VSE) have approved an amalgamation plan which will result in the formation of a new company, Claddagh Gold. It is proposed Claddagh be …
New Mishi find for Granges, MacMillan
Granges Exploration (TSE) and joint venture partner MacMillan Energy (VSE) recently reported a newly discovered surface-exposed mineralized structure on their Mishi project which they say may suggest …
Dickenson income falls, while Wharf improves earnings
Reporting lower net earnings for the first six months of 1988, but similar gold production at its Red Lake, Ont., mine, compared with last year, was Dickenson Mines (TSE). Net earnings to the end of J…
Chesbar, Murgold report continued high gold values
Underground drifting on the 400-ft level at the Chester Twp. gold project in northern Ontario has confirmed the strong downward continuity of the No 3 vein system, Murgold Resources (TSE) President Ch…
Drillers hurting as exploration lull continues
A stodgy market has combined with uncertainty over the future of government tax incentives to take some of the steam out of an exploration boom which permeated the Canadian wilderness between 1983 and…
Placer Dome’s earnings down
First half 1988 earnings before other income of $76.3 million are reported by Placer Dome (TSE). The figure is 62% higher than in the same period last year, when earnings before other income were $47….
Metal Prices FREE MARKET (August 08, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug.2 Aug. 1 July 29 July 28 July 27 Copper 1219-1221 1214-1216 1251-1253 1224-1226 1231-1233 Lead 346-3…