Metal Prices PRODUCER PRICES (April 04, 1988)
ALUMINUM: MW U.S. Market $1.065-$1.105 per lb. (Mar 17, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.65-$5.80 per lb. (Mar 17, 1988). CADMIUM: New Y…
News
Debt-free Queenston quiet on Kirkland West talks
While a shutdown at the McBean open pit near Kirkland Lake, Ont., reduced Queenston Gold Mines’ 1987 earnings, the Toronto company is negotiating a joint venture agreement with Lac Minerals at the pro…
Anglo American joins TRV in Brazil
TRV Mineracao Ltda. of Brazil has granted an option to Anglo American Corporation Do Brazil to explore its Anicuns gold project in the State of Goias. TRV Mineracao is jointly owned by two Vancouver c…
Mimiska acquisition
Assets of Fern Elizabeth Gold Exploration, including 40% of the Fern Elizabeth and Hill Lake properties in the Atikokan area of northwestern Ontario, have been acquired by Mimiska Exploration. The Fer…
Teeshin suing 5 companies involved in Dome Mountain
Legal proceedings have been launched by Teeshin Resources of Oakville, Ont., in the Supreme Court of British Columbia against five companies, all of whom are involved in the Dome Mountain gold-silver …
Gulf ups bid for Asamera
Common shareholders of Calgary-based Asamera Inc. are going to get more money for their shares under a revised takeover bid by Gulf Canada Resources. The large oil and gas producer has increased its o…
Vancouver Stock Exchange N.A. Metals management must decide
It’s becoming more and more difficult to comprehend which of two takeover offers management at North American Rare Metals is actually supporting. At this point it seems to be both. But the market has …
Placer Dome and Lucero in Brazil
An agreement between Placer Dome and Lucero Resource Corp. will provide funds for acquisition of a gold property in Brazil. The agreement calls for Placer Dome to spend $120,000(US) by the end of 1988…
Severide, Pure Gold
Encouraging gold values are being intersected by partners Severide Resources and Pure Gold Resources from a mineralized zone ranging up to 330 ft in width. The property is near Fort Hope, Ont. Drillin…
Letters to the Editor Collaring a ramp?
Would you please explain to your readers just how you “collar” a ramp? (First bulk test on Fontana bet, — (N.M., March 14/88). Maybe you should color the ramp — like the Yellow Brick Road. Could I c…
Metal Prices FREE MARKET (April 04, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 29 Mar. 28 Mar. 25 Mar. 24 Mar. 23 Copper 1293-1295 1300-1302 1260-1262 1330-1332 1292-12…
INSIDER TRADES (April 04, 1988)
Augdome — B. Gerol sold 96,837 to hold 5,050. Canuc — K. Murton bought 35,000 (private) to hold 227,554. Cheni Gold — Com Francaise de Mines bought 43,700 common shares and 68,570 units to hold sam…