Metal Prices FUTURES PRICES (September 25, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep140.50 137.00 137.00 + 6.50 Oct133.20 133.20 130.35 + 1.45 Dec129.90 125.80 125.95 …
1989
Perrex gets financing
Perrex Resources (ASE) has signed a letter of intent with NIM and Co, a flow-through fund, for a $500,000 private placement of Perrex shares. T he money will b e used to fund exploration on Perrex’s I…
Garrison joint venture has reserve estimate
A preliminary estimate of gold reserves has been released by Perrex Resources (ASE) for the Garrison Twp., Ont., joint venture with LAC Minerals (TSE) and Silverside Resources (TSE). Perrex reports th…
Noranda names successor to Falconbridge’s James
Noranda Inc. recently named one of its longest-serving senior executives as a successor to Bill James as president of Falconbridge Ltd. James will resign his position Sept 22 along with all of the Tor…
Gibraltar
“Having worked at many mining operations both in Canada and internationally — underground and open pit — I’ve found each a unique and exciting experience. Too, my career in this industry 0000,0600 …
Bunker Hill still in red
Base metal producer Bunker Hill Mining (VSE) reported a net loss of $343,759(US) for the second quarter of 1989, compared with a ne t loss of $590,408 for the same period last year. The company’s net …
What happened to NSR and O’Brien Energy
Would you please provide me with some information on NSR Resources and O’Brien Energy & Resources as I have a few thousand shares of these two junior companies? A.K., Lachine, Que. Here I go again…
Petromet studying Rambler tailings
Calgary-based Petromet Resources (TSE) says it is continuing to examine the possibility of reprocessing some old mine tailings at the former Rambler base metal property in Newfoundland. In a recent in…
Toronto Stock Exchange (September 18, 1989)
The gold and silver index took a beating, sliding more than 42 pts or 0.71% to 5985.23 pts. The dip below the 6,000-pt mark was the first in several weeks. Gold bullion was an uninspiring $358.50(US) …
Cal Graphite near production, Stratmin expands mill
A producer of crystalline flake graphite in Quebec is well advanced in its plans to build a second mill, while a company in Ontario is preparing to enter graphite production by the end of this year, T…
General news Should go Gold values reported at HSK’s Denison bet
Toronto-based HSK Minerals (TSE) has reported a number of gold discoveries at its 52-claim Denison Lake property in the Mishibishu Lake area, 53 miles southeast of Hemlo, Ont. Central Crude Ltd. (TSE)…
Lawyers mine meets expectations
The Lawyers gold-silver mine in the Toodoggone district of north-central British Columbia is continuing to meet the expectations of owner/operator, Cheni Gold Mines (TSE). Since the start of commercia…