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 …
News
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…
Metal Prices PRODUCER PRICES (September 18, 1989)
ALUMINUM: MW U.S. Market US79.25 cents – 81.25 cents per lb. (Sept 7, 1989). ANTIMONY: New York dealer US90 cents -95 cents per lb. (Aug 10, 1989). BISMUTH: New York dealer $4.65-$4.80(US) per lb. (A…
Copper boosts Cyprus earnings
Led by continued strength in copper, molybdenum and lithium markets, 1989 second-quarter earnings for Cyprus Minerals (NYSE) reached $61.7 million(US) or $1.48 per share on revenues of $453.5 million….
Sindor active
The average daily value traded on COATS rose sharply last month to more than $5 million, up from a low of $721,256 reached in May this year. The share price of Atlantic Goldfields moved ahead 28 cents…
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…
Barrick paying 7.5 cents semi-annual dividend
Toronto-based American Barrick Resources (TSE) has declared a semi-annual dividend of 7.5 cents per common share, payable in Canadian funds Dec 15, to shareholders of record Nov 30. American Barrick …
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…
Windarra encouraged by LaRonge gold bet
A summer drill program on the Preview Lake property in Saskatchewan’s LaRonge gold belt continues to test the Bakos zone structure, reports joint venture partner Windarra Minerals (VSE). Windarra hold…
Black Hawk plans private placement
Toronto-based Black Hawk Mining (TSE) is planning a private placement of its shares with merchant banker DCC Equities to fund further exploration on the company’s recently acquired Minago nickel proje…
Noront reports Grubline results
Toronto-based Noront Resources (VSE) reports recent work by Noranda Exploration on the Grubline joint venture in the Gander area of Newfoundland has resulted in the discovery of two encouraging gold z…
VSWE sees a future for itself
It may be too early for supporters of the Vancouver Stock Exchange to start singing “Happy Days Are Here Again,” but there’s no doubt that the recent Eskay Creek gold play has lifted a pall of gloom t…