Metal Prices (August 28, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug 22 Aug 21 Aug 18 Aug 17 Aug 16 Copper 1799-1…
1989
Copper Range purchase boosts Metall’s profit
The Copper Range mining and smelting operation at White Pine, Mich., has helped to boost second- quarter earnings for owner Metall Mining Corp (TSE). Acquisition-oriented Metall purchased all the outs…
IOCC GOLD OPTIONS (August 28, 1989)
Options Open Series Volume Last Interest Aug 370 C 183 0.10 Nov 440 C 135 0.50 715 Nov 380 C 134 8.00 2,481 Nov 390 C 127 5.50 2,159 Nov 400 C 63 2.50 …
HSK plans to earn 50% in Strike bet
Toronto-based HSK Minerals (TSE) has signed a letter of intent to earn a 50% stake in Strike Minerals’ (COATS) Baden Twp. gold property near Matachewan, Ont. Located about 16 km north of Matachewan, t…
News in Brief (August 28, 1989)
Blackdome Mining (TSE) has declared a special dividend of 42.5 cents on its common shares payable Aug 21 to shareholders of record Aug 4. The dividend is subject to an arrangement whereby the company …
PRODUCER PRICES Metal Prices (August 28, 1989)
ALUMINUM: MW U.S. Market US81.00 cents – 82.00 cents per lb. (Aug 17, 1989). ANTIMONY: New York dealer US90 cents -95 cents per lb. (Aug 10, 1989). BISMUTH: New York dealer $4.95-$5.10(US) per lb. (A…
Westmin to joint venture SB project with Tenajon
Recent negotiations between Westmin Mines (TSE) and Tenajon Resources Corp. (VSE) have culminated in an agreement whereby Westmin is to spend $2.4 million to explore, develop and bring to production T…
Mishibishu trio set to amalgamate
Three Vancouver companies with equal interests in a recent gold discovery west of Mishibishu Lake, Ont., are planning to amalgamate. The companies — Caribbean Resources (VSE), Exmar Resources (VSE), …
Encouraging results by Orofino, Canuc
Completion of a 20-hole summer drilling program representing 5,733 ft at the Coronation Gulf gold project in the Northwest Territories was recently reported by Orofino Resources (TSE). Seventeen holes…
Historic plaque tuide
History buffs will be interested in a new publication listing the more than 1,000 historical plaques in Ontario. Many of the plaques deal with the province’s rich mining heritage. Examples include a p…
Vancouver Stock Exchange Pezim revives beleaguered VSE
With the help of some spectacular assay results from the Eskay Creek gold project in northwestern British Columbia, Vancouver’s irrepressible Murray Pezim is credited with being a one man revival band…
Wrightbar directors oppose amalgamation with Belmoral Mines
The proposed amalgamation of junior company Wrightbar Mines (ME) with Belmoral Mines (TSE) appears to have entered troubled waters. Wrightbar reports three of the company’s five directors have indicat…