Spot prices at a glance (December 11, 1989)
Week’s Price (US) Change Gold* $402.05 –$ 8.70 Silver* $ 5.54 –$ 0.07 Platinum* $498.75 –$16.60 Nickel** $ 3.92 –$ 0.25 Lead** …
News
Thunderwood/Greenstone to drill base metal property in Quebec
Joint venture partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) are planning a $600,000 exploration program this winter on their Scott Lake zinc-copper property near Chibougamau, Que…
Ontario’s annual mines symposium starts Dec 11
Ontario’s annual mines and minerals symposium is being held Dec 11-13 at the Metro Toronto Convention Centre. “The aim of the symposium is to allow participants to learn as much as possible about mine…
Writedown adds to Belmoral loss
A third-quarter net loss of $16 million (41 cents share) was reported by Belmoral Mines (TSE) on revenue of $3.5 million, the loss including a writedown of $15.7 million. For the same three months in …
Sikaman project under construction
Construction is under way at the Bogosu gold project in Ghana, West Africa, Sikaman Gold Resources (TSE) reports. The mine, with open pit reserves (proven and probable) of about 13.3 million tons grad…
Alberta Stock Exchange Montclerg shoots up
The recent gains made by Montclerg Resources seem to reflect investors’ excitement over the company’s acquisition of the former Temagami Gold Mines property in Delhi Twp., near Sudbury, Ont. While onl…
Bank commodity index at virtual standstill
Seasonal strength in energy and agricultural prices in October offset declining metals and forest products, resulting in a slight increase in its all-commodity price index, Scotiabank reports. The all…
Survey of geologists supports registration
A survey of more than 3,000 geologists and other earth sciences professionals in Ontario has produced an overwhelming response in favor of professional registration, the Committee for the Professional…
Newmont quarterly results affected by Peabody plan
Denver-based Newmont Mining (NYSE) reported third quarter net income of $25.8 million(US) or 38 cents a share, compared with a previously restated loss of $52.7 million or 78 cents per share in the …
Metal Prices FUTURES PRICES (December 11, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec106.50 105.20 106.20 — 6.40 Jan104.80 103.90 104.20 — 6.35 Feb104.20 103.70…
Abcourt, Val d’Or finish geophysics at Bardome project
A geophysical program carried out on the Bardome base metals property north of Val d’Or, Que., was completed recently by partners Val d’Or Resources (ME) and Abcourt Mines (ME). Val d’Or Resources is …
Queries Goldhurst selling Mouska royalty
I have a certificate for 1,000 shares of Goldhurst Resources. According to information sent to shareholders, Goldhurst owns a 2% net smelter royalty interest in Cambior’s Mouska gold project situated …