Shareholder seeks greater representation
A minority shareholder was unsuccessful in a bid to have a seventh director named to the board of Citadel Gold Mines at the company’s annual meeting in Toronto. “We, as minority shareholders, are bein…
News
Firms discuss joint venture
Toronto-listed International Platinum Corp. has signed a letter of intent with Degussa A.G. to enter into further negotiations on a joint venture exploration agreement regarding several of the former’…
Firm forecasts price of gold
Know what the price of gold will be in a year or 18 months’ time? You don’t have a clue? Well, Martin Murenbeeld thinks he does. Mr Murenbeeld is president of M. Murenbeeld & Associates Inc., a Toront…
Hot hole at the Goldstrike for Am. Barrick/ Fr.Nevada
A terrific hole, all in sulphide ore, of 620 ft grading 0.3 oz gold per ton has been pulled on the Goldstrike property in the Carlin gold belt area of Nevada by operator American Barrick Resources. Th…
High closure costs keep obsolete steel plants open
Although the average cost of closing a steel plant in the United States is down substantially from a few years ago, it is still high enough to keep several non-competitive plants in operation. And, th…
Metal Prices FREE MARKET London Metal Exchange (March 23, 1987)
Spot closing prices in Pound Sterling per tonne Date Mar. 17 Mar. 16 Mar. 13 Mar. 12 Mar. 11 Copper 906-907 916-917 926-928 913-914 900-901 Lead 308-309 313-314 …
COATS Trading Features (March 23, 1987)
Several Paul Penna companies were active traders this week on the COATS system. Langis Silver & Cobalt Mining heated up to 75 cents -80 cents on news that drilling is in progress on its Cobalt, Ont.,…
Copper demand to grow 1.3%
The overall annual growth of copper demand until 1995 will be 1.3%, according to a recently released World Bank report, The World Copper Industry: Its Changing Structure and Future Prospects (1984-199…
Freeport plans ’87 production from Big Springs
The Big Springs gold project in northeastern Nevada has been deemed commercially viable by Freeport McMoRan Gold and production could begin this September. Bull Run Gold Mines has a 40% interest in th…
Canamax increasing interest in Kremzar
Canamax Resources plans to pay $9 million for the remaining 50% interest in the Kremzar gold property near Wawa, Ont. The Algoma Steel Corp., which holds the interest through its 93%-owned Kremzar Gol…
Sulphide content of zone identified
A silicified shear zone well mineralized with sulphides has been intersected over a core length of 60 ft in drill hole No 2 on St. Genevieve Resources’ Casa Berardi- Laberge gold property in northwest…
Canada Tungsten sells interest in Queenstake
Hurting from a dismal tungsten market, Canada Tungsten Mining has decided to sell its 32% interest in Queenstake Rsources. That equity position represents about 1.98 million shares and a market value …