Economic session
The American Copper Council will sponsor an economic outlook session at its luncheon meeting in New York on Thursday, Feb 2. Featured speaker, is Nicholas Perna, vice-president and chief economist for…
1989
Lackluster year of trading on ME
Trading activity on the Montreal Exchange in 1988 was comparable to 1986 levels, says the exchange, which saw its general market portfolio index gain about 6.5% last year. “While the October, 1987, cr…
MacDonald ponders future of Gallen
The new directors of MacDonald Mines Ltd have changed the name of the mining company to MacDonald Mines Exploration (COATS). The company took on a new life last year (N.M., Sept 5/88) when shareholder…
Production decision at Farley in ’89
A production decision for the Farley Lake gold deposit near Lynn Lake in northern Manitoba could come in 1989 if the results of a recent feasibility study are positive. A 12,000-ton bulk sample has be…
Metal Prices FUTURES PRICES (January 16, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Jan 146.00 144.60 144.70 — 7.00 Mar 136.20 133.40 143.70 — 2.00 May 126.30 124.50 125….
Rio Algom buys 22% stake in Vancouver gold company
Toronto-based resource giant Rio Algom Ltd. (TSE) has emerged as the largest shareholder in an unlisted gold exploration company called Pan Orvana Resources. In a bid to access some joint venture oppo…
Western Canadian to acquire Sulphurets Gold
Major shareholders of Sulphurets Gold (VSE) have agreed to vote in favor of an agreement that would result in Western Canadian Mining Corp. (TSE) acquiring 7,423,290 of its shares in exchange for West…
Santa Cruz venture secures copper bet
The Santa Cruz joint venture of Asarco Inc. and Freeport-McMoRan Gold have purchased 2,420 acres near Casa Grande, Ariz. The companies say a portion of the acreage contains a porphyry copper deposit. …
Troudor exploring new Idaho gold project
Preliminary sampling of a recently-optioned property in Idaho is confirming the presence of good gold values in underground workings, according to Troudor Resources (VSE). The company recently acquire…
Second generation of miners
Even though Balmertown,Ont., is a 4- Ehour drive from the nearest city, Campbell management has never relied on itinerant miners coming to the door in search of employment. Rather than bring in unskil…
Unocal option deal
A joint venture agreement has been concluded between Unocal Canada, Moneta Porcupine Mines (TSE) and Nahanni Mines (TSE) on a group of 86 claims near Timmins, Ont. Located in Michaud Twp., the propert…
Goldbank acquires Kamloops prospect
Calgary-based junior capital pool company Goldbank Ventures (ASE) has acquired a polymetallic property in British Columbia’s Kamloops mining division. Goldbank recently staked the 134-claim Mila prope…