Higher metal prices buoy commodity index
A 6.2% boost in the metals and minerals sub-index helped the Scotiabank record a 3.1% increase in its all-commodity price index in December, for the third straight month.
News
INSIDER TRADES (February 27, 1989)
Amer Ore — R. Fraleigh bought 50,000 (Dec, Jan) @ 20 cents to hold 68,000 and bought 6,000 (Jan) @ 32-33 cents to hold 28,000 indirectly. Ansell Lake — S. Mourin sold 301,000 (June, July) @ 65 cent…
Ground control in mining
Ground control in mining is a conference series established to improve the exchange of information among researchers, consultants, manufacturers, and operators in the mining industry and profession. P…
Metal Prices FUTURES PRICES (February 27, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb137.00 133.50 137.00 + 11.20 Mar134.80 129.00 134.50 + 10.70 Apr125.50 125.50 13…
CIM/PDAC joint luncheon
W. A. Gatenby will be the guest speaker at the joint meeting of the CIM-Toronto Branch and the Prospectors and Developers Association of Canada. Fifty tickets have been reserved for CIM members who ha…
Joubi drill results
Partners Western Quebec Mines (ME), Messeguay Mines (ME) and Oasis Resources (ME) have reported more encouraging results from drilling at the Joubi gold property at Val d’Or, Que. Among the better res…
Earnings Report (February 27, 1989)
Cyprus Minerals (NYSE) reports net earnings of $170 million(US) or $6.31 per share for 1988 compared to $26.2 million or $1.02 in 1987. Fourth quarter earnings were $65.4 million or $2.42 per share co…
Alberta Stock Exchange Bitech again
For the umpteenth week in succession, it seems, Bitech Energy Resources was the clear leader both in terms of price increase and number of shares traded. Certainly, a number of other issues including …
Trader Res. encouraged by Ronnoco gold bet results
Toronto-based Trader Resource Corp. (TSE) is beginning to report some interesting results from the Ronnoco Gold Mines (COATS) property in the heart of the Timmins, Ont., camp. Under an agreement with …
Gold funds as of Feb. 21
BGR Goldcorp Central MVP Capital Net value $11.89% 8.65 6.45% 0.81% Price $9.125% 5.750 5.50% 0.65% Discount $ 23.25% 33.5% 14.7% …
Gracie-St Joe reserves upped
LAC Minerals (TSE) has increased reserves on two properties accessible from LAC’s Macassa gold mine near Kirkland Lake, Ont. Reserves on the Gracie and St Joseph properties are estimated at 337,400 to…
Montreal Exchange Graphite gets attention
Early assay results indicating a rich graphite find in Quebec, near the town of Fermont and the Labrador border, have placed the spotlight on Mazarin Inc., which is in the midst of a winter drilling p…