People (October 16, 1989)
SIEMONT RESOURCES–Charles P. Neild appointed president.
News
Armistice plans new drill program
A 10,000-ft drilling program is planned by Armistice Resources (ME) for its Virginiatown, Ont., gold property, shareholders were told at the recent annual meeting in Toronto. The drilling, to cost $75…
Bill Roscoe lecture
Bill Roscoe of Roscoe Postle Associates will deliver a talk Oct 19 on mining property values and the 1987 stock market crash. The event, jointly sponsored by The Canadian Institute of Mining and Metal…
Metal Prices PRODUCER PRICES (October 16, 1989)
ALUMINUM: MW U.S. Market US79.500 cents – 81.00 cents per lb. (Oct 5, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…
Bond International takes big loss
A combination of recent asset sales and writedowns have taken their toll on Bond International Gold (TSE) which has reported a big loss for its fiscal year ended June 30. The company recently reported…
Spot prices at a glance (October 16, 1989)
Week’s Price (US) Change Gold*$360.40–$ 5.65 Silver*$ 5.05–$ 0.18 Platinum*$480.30–$11.40 Nickel**$ 4.72–$ 0.17 Lead**$ 0.33–$ 0.01 Copper$ 1.30 Zinc$ 0.76 Courtesy of Scotiabank. Informa…
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…
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…