Metal Prices FUTURES PRICES (November 02, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Nov. — — 81.30 — Dec. 81.35 79.70 80.25 + 5.65 …
News
Letters to the Editor Energy Minister lauds free trade
I know that you will be vitally interested in the effect of the Canada/ U.S. free trade agreement on our economy and on our energy sector in particular. I strongly believe that the agreement is a goo…
Murgold, Chesbar complete decline
A decline ramp has been completed by Murgold Resources and Chesbar Resources on their joint ventured Chester Twp., Ont., gold property. The 3,100-ft-long ramp was completed to a depth of 400 ft. Under…
Queenston’s Northfield deal overshadows 6-month results
While a new-look Queenston Gold Mines has reported increased income from custom milling and gold royalties at its Kirkland Lake, Ont., properties, revenues dropped considerably during the first half o…
Brunswick stays flat during third quarter
Citing low mine production and weak zinc prices, Brunswick Mining and Smelting recorded flat earnings of $3.55 million for the third quarter ended Sept 30. These earnings include an extraordinary gain…
Battle Mountain earnings show 94% increase
Improving gold prices and lower unit production costs were responsible for a third-quarter earnings increase of 94% compared with last year’s results, Battle Mountain Gold has said. According to Chair…
Faraway and Equity renew B.C. drilling
A drill program has started on the Sam silver property held by Faraway Gold Mines. The program will follow up results from two mineralized zones which yielded strong silver assays in previous drill pr…
News in Brief (November 02, 1987)
Colony Pacific Explorations has changed its transfer agent to Guaranty Trust Co. of Canada.
Hemlo into higher grade ore
Higher grades of ore are being mined in the Hemlo area of northern Ontario, the three gold-producing mines there report. Hemlo Gold Mines’ Golden Giant mine is currently milling ore in the 0.41-oz-gol…
Falconbridge profit up on metals price gains
Higher metal prices gave Falconbridge Ltd. a third quarter 1987 net profit of $17 million, or 23 cents a share, the company reports. That’s close to three times the $6 million profit (9 cents a shar…
COATS Trading Features (November 02, 1987)
Tyranex Gold showed some spirit, trading to $1 in this week’s generally poor market. The company has optioned its gold property near Shiningtree, Ont., to Gunnar Gold and Mill City Resources, two tse-…
Police are still searching for gold mine bandits
At presstime for this issue, Ontario and Quebec provincial police were still searching for two armed men who over a week ago robbed the Virginiatown, Ont., gold mine of Golden Shield Resources of a go…