Inco Gold involved in Brazilian project
Development of a gold prospect in Brazil which is expected to yield about 3.7 million g (120,000 oz) gold per year and in which two affiliates of Inco Gold are partners, is under way. Capital cost of …
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Metal Prices PRODUCER PRICES (October 26, 1987)
ALUMINUM: MW U.S. Market 84.50 cents -87.00 cents per lb. (Oct 8, 1987). ANTIMONY: New York dealer $1.10-$1.16 per lb. (Oct 8, 1987). BISMUTH: New York dealer $4.75-$4.90 per lb. (Sept 17, 1987). CADM…
Metal Prices FUTURES PRICES (October 26, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct. — — 75.20 — 10.50 Dec. 78.90 73.40 74.60 — 10….
News in Brief (October 26, 1987)
Skelly Resources has changed its name to Bel Pac Industries (bpa:vse) on a share-for-share basis.
Placer and MSV completing underground work at Eastmain
Results from an underground exploration program on the Eastmain gold deposit are confirming “the excellent values previously obtained by surface drilling,” MSV Resources says. Located east of James Ba…
Changes announced in senior raks by Placer Dome
Senior appointments by Placer Dome Inc. include some changes over those announced at the time of the formation of the big new gold company. A joint statement from Chairman Fraser Fell and President an…
COATS Trading Features (October 26, 1987)
The market collapse of Oct 19, which is becoming known as the infamous Black Monday, made certain not to ignore the poor cousins of the Toronto Stock Exchange — the coats-listed issues. Chance Mining…
Freewest, partners hit north of Wawa
Encouraging drill results have been returned from a program being conducted by joint venture partners Freewest Resources, Noranda Exploration, Prophet Resources and Cline Development. The work is bein…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (October 26, 1987)
Oct. 20 Oct. 19 Oct. 16 Oct. 15 Oct. 14 Gold London Bullion Dealers afternoon (morning) $US per oz. 464.30(481.60) 481.00(479.50) 465.25(464.25) 466.60(461.75) 460.80(459.45) Gold Bank of Nova Scotia…
Corona gold loan to repay financing of David Bell mine
A gold loan will be used by International Corona Resources to repay its share of the financing of the David Bell mine in the Hemlo area of northern Ontario. The company reports a wholly- owned subsidi…
Vancouver Stock Exchange Market crash totally unexpected
The Vancouver market has been sliding for over a month but Monday’s crash was totally unexpected. Ironically it happened three years to the day after the infamous Black Friday of Oct 19, 1984 when a s…
Armistice awards $4-million contract
Armistice Resources has awarded a $4-million contract to Dynatec Mining for the rehabilitation of the Armistice Exploration shaft on the company’s Sheldon-Larder property in northwestern Ontario. The …