Metal Prices FUTURES PRICES (October 16, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct– — 131.15 + 1.95 Nov– — 129.80 + 2.35 Dec133.70 127.90 128.05 + 2.10 SILV…
1989
Exploration potential of U.S. “second to none” says Placer
For Placer Dome U.S., a unit of Placer Dome (TSE), the challenge is to find or acquire gold prospects on home turf. North America, in many gold investors’ opinion, is where their investment will be sa…
Corona awarded Rambler
Corona Corp. (TSE) has been awarded the rights to the Rambler North properties from the Newfoundland government. A proposal submitted by Corona and Goldbar Resources, a Newfoundland-based junior explo…
Nickel price to fall, but not drastically
The bull market for nickel may be nearing an end, but a price collapse does not appear to be in the works, at least according to two analytical sources. The base metal, which climbed to $10.84(US) per…
Several nickel projects alive despite price decline
The base metal price boom of 1988 may be fading into history now, but the legacy of new nickel projects it left behind still endures. It was nearly a year ago this month, for example, when Hudson Bay …
Ned Goodman at CIM
Ned Goodman, the chairman and founder of Corona Corp., one of Canada’s largest gold producers, will be the guest speaker at the Canadian Institute of Metallurgy — Toronto Branch luncheon on Oct 19. S…
American Reserve raises fuinds for Paymaster work
Vancouver-based American Reserve Mining (VSE) has entered into a financing agreement with CMP 1989 II Resource Partnership for the sale of flow-through shares worth $1.4 million. The share purchase pr…
Perrex flow-through
Calgary-based Perrex Resources recently entered into an agreement with NIM Resource — 1989 and Co. Ltd. in which Nim is subscribing for $500,000 common shares of Perrex. Proceeds of the subscription …
COATS (over-the-counter) Gold issues gain
A group of junior companies with gold properties in Chester Twp., Ont., continued to see active trading again this week although there has been little news released regarding drill results obtained on…
Inco’s reserves good for 20 years
Inco Limited (TSE) is always at least 20 years ahead of the game when it comes to keeping track of available, potentially mineable nickel ore reserves. While the exact use of the reserves, year by yea…
Clive Brown named Belmoral president
Struggling gold producer Belmoral Mines (TSE) has a new president and a new exploration chief. R. C. Brown, a company director and former president of Belmoral, has been named president, replacing Ken…
Billiton, NDU option
Billiton Metals Canada has acquired an option from NDU Resources (VSE) which gives it the right to earn a 50% interest in NDU’s Blende zinc-lead project in the Yukon. The 122-claim property is 45 mile…