Metal Prices FUTURES PRICES (May 02, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 90.05 88.50 89.35 — 5.55 Jun 89.00 89.00 …
News
Dolphin to spend $2 million on Cape Ray drill program
A $2-million surface drilling program is planned this year by Dolphin Explorations (VSE) for its Cape Ray gold property in southwest Newfoundland. Planned by the company, which is 44% owned by Interna…
50 years ago MAY, 1938 WHY DOESN’T THE MARKET MOVE?
When an announcement that a crosscut has encountered a 52-ft orebody, assaying $11 in gold, fails to stir prices of gold mining shares, traders and the public may be excused for wondering, What’s wron…
Metal Prices FREE MARKET (May 02, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Apr. 26 Apr. 25 Apr. 22 Apr. 21 Apr. 20 Copper 1080-1190 1095-1105 1167-1168 1170-118…
Dewatering plan seems likely at Seadrift’s Aldermac deposit
Vancouver-based Seadrift International (ASE) has released some more results from drilling on a previously unexplored area of the No 8 zone at its wholly-owned Aldermac project about nine miles west of…
Toronto Stock Exchange Grenges slides after Tartan Lake woes made
It’s been a quiet week on the Toronto market. Gold managed to gain a couple of dollars today pushing the Gold Index up 60 points, but the overall drift has been sideways. With interest rates going up,…
Key Anacon Mines, four affiliates improve earnings
Five Saint John, N.B., companies which share management personnel and are part of the Irving group all report improved earnings for 1987. Key Anacon Mines (TSE), with more than 500,000 shares in Bruns…
Montreal Exchange: Firms in agreement
The management teams of gold- producer Louvem Mines and St. Genevieve Resources appear to have reconciled their differences, following a bid by the latter to acquire up to 4.8 million additional commo…
World Non-ferrous Metals mining map now available from West
A new World Mining Map of Non- ferrous Metals which is claimed for the first time to include centrally- planned-economy countries, is now available from a West German publisher. The map package, which…
Managing THE LIMITATIONS OF COMPUTERS
“First get it through your head that computers are big, expensive, fast, dumb adding-machine-typewriters. Then realize that most of the computer technicians that you’re likely to meet or hire are comp…
Shaft sinking proceeding at Tundra deposit
Sinking of a 1,500-ft shaft on the Tundra gold deposit in the Northwest Territories is expected to be complete by the end of 1988 says a spokesman for Getty Resources (TSE). The shaft was collared ear…
What’s New A New Air Track
Ingersoll-Rand has introduced a new self-contained pneumatic drill for holes 2 1/2 to 4 inches in diameter. The ecm-360 Crawlair cents features an on-board 580-cu-ft-per-min, 120-lb- per-sq-inch air …