Fortunes change hands based on monthly numbers
It had been a relatively quiet market for some time and bullion traders at Shearson Lehman Hutton were awaiting the release by the U.S. government of the consumer price index (CPI) for April. Earlier …
News
Future Prices
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun 111.60 110.00 111.50 + 17.10 Jul 107.00 102.70 106.50 + 15.20 Sep 97.50 93.80 …
Riverton, Cogema in exploration deal
An option to acquire a 51% interest in the Belleterre mine property in Guillet Twp., in northwestern Quebec, has been granted to Cogema Canada by Riverton Resources (VSE) for $2 million. Riverton purc…
Re-opening of Glodlund possible in Camreco study
Significant drill results reported by Camreco Inc. (TSE) at its northwestern Ontario gold claims have led to preliminary feasibility studies which will look at the possibility of re-opening of the gol…
New Freewest claims
Twenty-five claims in Benoit Twp. in northwestern Quebec have been acquired from Louis-Paul Dionne, Freewest Resources (ME) reports. The company also says it has entered into an option agreement with …
Gold Vessel offering
A preliminary prospectus has been filed across Canada by Gold Vessel Resources (ASE) relating to the issuance of a maximum of 50,000 units (worth up to $50 million), each unit comprising one partnersh…
Metal Prices FREE MARKET (June 13, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date June 7 June 6 June 3 June 2 June 1 Copper 1498-1503 1458-1460 1535-1540 1440-1450 1365-1370 Lead 372- 374 …
Mishibishu is hotter area that ever
Hemlo Gold Mines (TSE), which is heavily involved in the promising Misibishu area of northwestern Ontario, reports it has an agreement with Caribbean Resources (VSE) and Exmar Resources(VSE) for the e…
Agreement on coal research
The action committee on Western Canadian Low- Sulphur Coal has endorsed recommendations calling for government support for the development of technologies to enhance the competitiveness of western coa…
COATS Trading Features (June 13, 1988)
Several issues made gains on COATS this week. Wye Resources traded almost 100,000 share to close at a high of 80 cents . A new president has been appointed to run the company. Also, encouraging result…
Starrex has profit
Earnings for the 3-month period ended March 31 totalled $179,000 or 4.4 cents per share, Starrex Mining Corp. (TSE) reports. The profit was generated by gold futures hedging of production from the St…
Despite terrain problems, Casa Berardi still humming
One of the most difficult exploration terrains in Canada continues to attract exploration dollars. Stretching for 60 miles from the Ontario border to Joutel, Que., the Casa Berardi area remains staked…