Metal Prices FUTURES PRICES (November 09, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Nov. 88.60 86.75 88.60 + 7.30 Dec. 86.90 84.50 85.60 +…
News
Agassiz releases Lingman results
Toronto-based Agassiz Resources, has released some encouraging drill results from its Lingman Lake joint venture gold property near the Manitoba/Ontario border. As operator of the project which is own…
metal Prices PRODUCER PRICES (November 09, 1987)
ALUMINUM: MW U.S. Market 85.00 cents -88.00 cents per lb. (Oct 22, 1987). ANTIMONY: New York dealer $1.10-$1.16 per lb. (Oct 8, 1987). BISMUTH: New York dealer $4.90-$5.00 per lb. (Oct 22, 1987). CAD…
West Kootenay share sale boosts Cominco earnings
Following the sale of its shares in West Kootenay Power and Light Co., Cominco Ltd. has reported unaudited consolidated earnings of $92.6 million for the 9-month period ended Sept 30. That compares wi…
Resurrecting Carolin mine a challenge to Giant Bay
Resurrecting the trouble-plagued Ladner Creek gold mine of Carolin Mines near Hope, B.C., is something that appears to have challenged Giant Bay Mines. Giant Bay says it is joining forces with Wright …
Porgera reserves upped by Placer
Underground drilling at the big Porgera gold deposit in Papua New Guinea has resulted in a reserve increase. Placer Dome Inc., reports that close-spaced drilling from an adit has enabled the project p…
Canada Tungsten options X-Cal bets
Canada Tungsten Mining Corp. has optioned two properties from X-Cal Resources in B.C. On the Tyax property, Canada Tungsten can earn 50% of X-Cal’s interest by spending $1 million over a 3-year period…
Canamax cuts high grade at Ketza River project
Several rich intersections have been pulled by Canamax Resources from the Break zone on the Ketza River gold property in B.C. Pacific Trans-Ocean Resources shares the property equally with Canamax. Ho…
Galactic, Cornucopia agree to deep drill Ivanhoe bet
Vancouver-based Galactic Resources and Cornucopia Resources have opted to go ahead with a major deep drilling program at their 100,000-acre Ivanhoe property in Nevada’s Carlin gold trend. The joint ve…
Mono Gold seeks gold bet interest
Mono Gold Mines reports it has an agreement with Micham Exploration under which Micham can earn a 51% interest in Mono’s Bannockburn gold property near Madoc, Ont. Under the terms of the agreement, Mi…
Turner succeeds Albino as Rio Algom chairman
George Albino is no longer the chairman and chief executive officer of Toronto-based Rio Algom Ltd. After 23 years with the company, Canada’s second highest paid chief executive was replaced as chairm…
Alberta Stock Exchange Investors play safe
As investors tried to reduce their exposure to an uncertain market place, it was a rare issue which traded more than 150,000 shares. Consolidated CBA Ltd. and Consolidated Golden Standard were among t…