FUTURES PRICES Metal Prices (October 30, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct– — 114.70 — 14.60 Nov119.60 117.00 114.90 — 13.90 Dec119.90 113.40 115.10 -…
News
Ramp intersects vein structure at Hemlo Gold, Central Crude bet
A decline ramp collared at surface at the Eagle River gold property in the Mishibishu area of northwestern Ontario had been extended 2,066 ft by the end of September, Hemlo Gold Mines (TSE) and Centra…
Red Dog project set to enter production
The massive Red Dog lead-zinc- silver project of Cominco Ltd. (TSE) in northwestern Alaska will begin production by the end of the year but there will be no shipments until the warm waters return abou…
Minnova prepares pit plan for Chu Chua
The Chu Chua massive sulphide deposit near Adams Lake, B.C., appears to be moving closer to production. A preliminary open pit plan was prepared by Mintec Inc. for project operator Minnova Inc. (TSE) …
Belmoral probing Aurora copper bet
Belmoral Mines (TSE) has started a 2,000-ft drill program at Aurora Gold’s (ASE) Rock Lake copper- gold property in Aberdeen and Plummer twps., near Sault Ste. Marie, Ont. Belmoral is earning a 50% st…
Integrated biddingfor Northern shares
Integrated Resources (ASE) has offered to acquire a 51% stake in Edmonton-based Northern Minerals (TSE), which was previously known as Pacific Trans-Ocean Resources. Shareholders of Northern Minerals …
Slow start for Premier Gold Mine, Westmin reviewing problems
Start-up of the Premier Gold mine project near Stewart, B.C., is proving to be a challenge for project operator, Westmin Resources (TSE). The company said the open pit mining program is now several mo…
Minera plans to raise $6 million for Latin projects
Toronto-based Minera Rayrock (TSE) plans to raise privately $6 million in the next few months to fund feasibility studies on its Ivan copper project in Chile, and its Bellavista gold property in Costa…
$35 million on exploration shows Tundra uneconomic
The Tundra Gold project — one of the largest undeveloped gold deposits in Canada — is looking uneconomic at current gold prices, say owners Noranda Inc. (TSE), Hemlo Gold Mines (TSE) and Total Energ…
Golden Patricia shaping up as a gem of a mine
Annual gold output from the Golden Patricia mine in northwestern Ontario has exceeded original expectations. The underground mine, owned 100% by Bond International Gold (TSE), produced 49,635 oz of go…
Obituary E.J. (Ted) Wade
A sudden heart attack has claimed the life of Toronto consulting geologist Edward Wade. Wade, who worked at various times with Falconbridge Ltd., Lac Minerals and Rio Tinto Zinc, was 49 when he died. …
Alberta Stock Exchange Peter Island up
The junior-oriented Alberta Exchange continues to weather the storm that is wreaking havoc on share prices in Toronto and New York. As indicated by trading volumes this week, Alberta investors continu…