Metal Prices (March 06, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 28 Feb 27 Feb 24 Feb 23 Feb 22 Copper 17…
1989
Montreal Exchange Market indices droop
Mixed trading, in part the result of concerns over rising inflation, higher interest rates and relatively unexciting precious metals prices, saw the ME market portfolio dive more than 29 pts this week…
More high grade gold at Weedy Lake
Drilling is continuing on the Golden Heart deposit near Weedy Lake, Sask., where recent drill holes have intersected more high grade gold values across wide widths, Golden Rule Resources (TSE) says. O…
Bumper crop of mining projects for northwestern Ontario
Over the last few years, the mining industry in northwestern Ontario has created more new full- time jobs for the region than any other industry. It is growing at an unprecedented pace, with two new m…
Hillsborough earnings
Hillsborough Resources (TSE) earned $1.4 million or 30 cents per share in 1988, compared to a profit of $1 million or 23 cents per share in 1987. Revenue of $34.1 million was up 2% from $27.9 million…
Parres named PDAC winner of ’89 Prospector award
Active on the Canadian mining exploration scene for many years, A. Lew Parres has been chosen Prospector of the Year by the Prospectors and Developers Association of Canada (PDAC). Parres will re ceiv…
Atlantic control sold
Control of Atlantic Goldfields (COATS) has passed to Ronald Goguen, a private investor based in New Brunswick. Via his private company, Kash Investments, Goguen purchased 2.3 million shares or a 19.7%…
Hall of Fame recognizes mining’s unique characters
Mining attracts colorful and flamboyant characters of all types because its more than just a business, not just a 9 to 5 job — it’s a way of life that can consume all your waking time and more. In th…
Letters to the Editor Newmont in Canada
On behalf of Newmont Mining and the many Newmont employees who have been part of the Canadian mining scene over the past 60 years, I would like to express sincere thanks for your gracious comments on …
Seabright busy with projects at Moose River and Dufferin
After closing down operations at its Caribou gold property Seabright Explorations (TSE) is concentrating its efforts on a couple of other Nova Scotia projects. The Westminer Canada subsidiary says it …
CEIP regulations get final approval
The final regulations needed to put the Canadian Exploration Incentive Program into effect have been approved by Ottawa. Information kits on the new program and how the regulations will be interpreted…
Former LAC trio get second chance with Perrex
The team that helped make LAC Minerals one of Canada’s most successful exploration and mine development company’s, wants to do it again — this time on its own. Dennis Sheehan and Robert Valliant, bot…