News in Brief (October 12, 1987)
Allure Resources Corp. has changed its name to Allure Industries Corp. on a share-for-share basis. There is no change of symbol.
News
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (October 12, 1987)
Oct. 6 Oct. 5 Oct. 2 Oct. 1 Sept. 30 ** ** Gold London Bullion Dealers afternoon (morning) $US per oz. ** 458.00(456.85) 456.50(455.15) 454.35(455.00) 454.90(454.10) 459.50(459.15) ** Gold…
General News & Comment Quebec prospectors press for support of
The Quebec Prospectors Association has been successfully lobbying the “opposition” in the fight to save flow-through financing, President Regis Labeaume told The Northern Miner in a telephone intervie…
PRODUCER PRICES (October 12, 1987)
ALUMINUM: MW U.S. Market 83.50 cents -86.00 cents per lb. (Oct 1, 1987). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Sept 3, 1987). BISMUTH: New York dealer $4.75-$4.90 per lb. (Sept 17, 1987). CA…
Court upholds Hemlo decision
Ownership of the biggest gold mine in Canada has moved another — and possibly the final — step towards International Corona with the loss of Lac Minerals’ appeal against the initial judgment. Lac ma…
Metal Markets The role of metal traders
Information in metals publications, whose readers do not have at hand all of the factors governing the price of metal but might welcome such knowledge, can carry a bias, often unintended, because the …
Cost remarkably low at Emerald Lake mine
R. A. Bruce McDonald’s first gold discovery was in Quebec’s Casa Berardi area. But his first gold producer is the Golden Rose mine, located 60 miles northeast of here, Mr McDonald is the charismatic c…
Tyranex Gold Inc. announces offering
Toronto-based Tyranex Gold has completed a private placement of 200,000 units, each unit comprising one company common share and one common share purchase warrant to purchase a single common share at …
Metal Prices FUTURES PRICES (October 12, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct. 83.25 83.25 83.10 + 1.70 Dec. 83.45 82.70 83.00 + 1.8…
Yorbeau, Bourlamaque reach agreement
An agreement has been signed by Yorbeau Resources and Bourlamaque Mining Exploration whereby the latter may earn a 50% interest in Yorbeau’s Vauper property in northwestern Quebec. Bourlamaque may ear…
Toronto Stock Exchange Court news rally gives way to retreat
An Ontario Court of Appeal decision this week re-affirming an earlier court ruling to award International Corona Resources the Page Williams gold mine put into production by Lac Minerals in northern O…
Fun Fair Winners
There were three big prize winners at the recent Country Fun Fair of the Women’s Association of the Mining Industry of Canada. More than 550 people (not counting innumerable children) braved some driz…