Metal Prices (August 22, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 16 Aug 15 Aug 12 Aug 11 Aug 10 Copper 1249-1250 1251-1253 1269.5-1270 1251-1252 1…
1988
Commodity prices reach 20-year high
From a research report by J. B. Were & Son, a member of the Australian Stock Exchange. The current very strong metal prices are largely demand driven with most base metals now coming from almost fully…
Cheni Gold Plans Mill Start-up By Fall
With development and construction programs on schedule, Cheni Gold Mines (TSE) appear to be on track to begin commercial production from its wholly-owned Lawyers gold-silver mine during the fourth qua…
Ego busy with a reserve calculation
A tonnage calculation is being made by Ego Resources (TSE) for the company’s west main zone gold deposit near Wawa, Ont. Discovered in January, the find has been the subject of in-fill drilling which …
Strike looks certain at Falconbridge Ltd.
About 1,750 hourly wage employees at Falconbridge Ltd.’s Sudbury, Ont., operations appear set to strike when their present contract expires on Aug 21. “Things don’t look hopeful because there are so m…
Cdn United results encourage
The latest drill program on the Fireweed property near Smithers, B.C. is continuing to extend a high grade mineralized horizon, officials of Canadian- United Minerals (VSE) report. Robert Holland, exp…
Hall of Fame to honor first 12 inductees
First inductees into the recently-formed Canadian Mining Hall of Fame will be announced at an inaugural dinner to be held in Toronto November 21. The Hall of Fame will pay tribute to those individuals…
MacDonald Mines
A group of shareholders of MacDonald Mines (COATS) have called a special shareholders meeting to elect a new board of directors. The group says that the previous board resigned at the beginning of the…
Vancouver Stock Exchange Low market liquidity
When your broker insists the market is “bottoming out” and the dailies carry stories about brokers having to drive to work in their Volkswagen “bug” instead of a Porsche you just know things are getti…
Golden Rose mine blamed for Noramco Mng. losses
Losses reported on Noramco Mining’s (TSE) balance sheet during the first six months of 1988 were due largely to problems at the Golden Rose mine west of Thunder Bay, Ont., the company announced recent…
Falconbridge holds 92% of McIntyre Mn.
Toronto-based Falconbridge Ltd. (TSE), completed the acquisition of 12.5 million Falconbridge common shares and 750,000 common share purchase warrants from Placer Dome Inc. (TSE), the company said rec…
News in Brief (August 22, 1988)
Robex Resources (ME) has signed an agreement, in principle, with Maufort Resources (ME) which allows Robex to buy back up to 13% of its capital share and up to 21% of the capital share of its sister c…