Metal Prices (April 24, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 18 Apr 17 Apr 14 Apr 13 Apr 12 Copper 1803-18…
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IOCC GOLD OPTIONS (April 24, 1989)
Options Open Series Volume Last Interest May 390 C 1,417 5.00 1,556 May 400 C 2,429 2.20 3,690 May 420 C 1,540 0.60 2,773 May 440 C 333 0.30 2,30…
Montreal Exchange Stratmin moves up
Canada’s most profitable mining company was the most active issue on the Montreal Exchange this week. Inco gained a dollar to close at $36.12 on 400,000 shares traded as it reported first-quarter net …
Trader completes drilling
A diamond drill program has been completed by Trader Resources (TSE) on a gold property in Macklem Twp., east of Timmins, Ont. Recommendations as to the size and scope of future exploration work will …
Total moves into Idaho
Total Energold Corp. (TSE) has acquired the Gold Star project near Salmon, Idaho. The claims are 15 miles northeast of the Beartrack gold deposit controlled by Meridian Minerals. The Beartrack deposit…
INSIDER TRADES (April 24, 1989)
Atlantic Goldfields — A. Howe sold 115,000 (Feb.) @ 66 cents to hold 85,000. Card Lake — D. Bell bought 85,600 (Dec.) @ 35 cents to hold 285,600. Cons. Imperial Res. — L. Swartz sold 54,430 (Mar.,…
Metal Prices FUTURES PRICES (April 24, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr143.25 142.00 142.80 + 1.80 May141.10 139.10 140.90 + 0.90 Jul133.50 131.50 …
Record-breaking results highlight Inco meeting
Record first quarter earnings of $276 million (US) and the prospect of another record-breaking year took centre stage over a bid to kill a controversial poison pill plan at Inco Ltd.’s (TSE) annual sh…
U.S. Hall of Fame board
The chairman and chief executive officer of Homestake Mining Co. of San Francisco, Harry M. Conger, has been elected to the board of governors of the National Mining Hall of Fame and Museum at Leadvil…
Ownership of top gold mine still awaits court’s decision
The Page-Williams mine in the Hemlo area of Northern Ontario turned out 378,943 oz gold in 1988, the largest single gold-mining operation in Canada that year. Information about the mine is contained i…
United Keno shuts 6 mines after suffering heavy losses
Toronto-based silver producer United Keno Hill Mines (TSE) won’t remember 1988 fondly. The 33%-owned affiliate of nickel giant Falconbridge Ltd. (TSE) reported a consolidated net loss of $12.9 million…
New Golden Sceptre active in Mexico
New Golden Sceptre Minerals (TSE) and New Goliath Minerals (TSE) recently completed a diamond drilling program on the Matarachi gold property in northern Mexico. The two companies report a total of 91…