Iron ore workers approve contract
Iron Ore Company of Canada workers at Labrador City, Nfld., members of USW Local 5795, have approved a new contract. Terms of the contract were not disclosed. The union local is the bargaining unit fo…
News
Tyler trades on TSE
The shares of Calgary-based Tyler Resources began trading on the Toronto Stock Exchange under the stock symbol “tys” effective April 28. The original listing is in the mining category for 6,674,833 co…
Encouraging results for Skeena Resources
Skeena Resources says encouraging results have been received from drilling by operator Noranda Inc. on the Schroeder Mountain area of the Maggie Creek Ranch property at Carlin, Nev. Skeena is in a joi…
Metal Prices Futures Prices N.Y. Mercantile Exchange (May 04, 1987)
Week’s High Low Close Change PLATINUM (in US$ per oz.) June 579.00 579.00 593.20 — July 610.00 583.00 594.20 — 3.40 Oct. 616.00 …
Investment Comment Second gold rush led by ERG
One man’s waste is another man’s gold. A trite expression to be sure, but a true one nonetheless. And it is one that is starting to be given serious consideration in the mining industry. A company tha…
News-in-brief (May 04, 1987)
Three shallow holes have been completed so far on a joint-venture project involving Baroque Resources, Petromet Resources and Royex Gold Mining in the Casa Berardi area of Quebec. Some 72 split core s…
Metal Prices FREE MARKET (May 04, 1987)
Spot Gold, Silver, Platinum and Palladium prices April 28 April 27 April 24 April 23 April 22 Gold London Bullion Dealers afternoon (morning) $US per oz. 453.00(455.75) 474.75(476.6…
Profit prospects bright for Blackdome Mining
Paying three dividends in the first year of production is quite an accomplishment for any gold mining company, including a medium-sized one like Blackdome Mining. But not all mines are as successful …
Robex identifies new structure
A 48-ft thick structure at a depth of 222 ft has been identified by Robex Resources of Montreal on its Soma property in Duverny Twp. in Abitibi in northwestern Quebec. The new weathering zone was iden…
METAL MARKETS Firm sticking to its forecast of 57 cents aluminum
Prices for aluminum may currently be running in the 64 cents (US) per pound range, but a London, England, firm is sticking with its average price forecast of 57 cents for 1987. “Following two years o…
Equity Silver quarter won’t reflect price rise
Silver has often been described as the”poor man’s gold” and it has tended to follow the yellow metal upward, something that appears to be happening again today. That could be good news for Equity Silv…
Vancouver Stock Exchange Buying frenzy is dissipated
Much of the earlier buying frenzy on Vancouver has dissipated and the market is now see-sawing its way from one day to the next. Trading volume has dropped about a third from recent highs but it’s sti…