Metals Prices FUTURES PRICES (February 06, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb146.50 146.50 144.40 Mar145.30 140.00 142.90 — 5.15 May134.80 131.00 132.50 — 4….
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Metal Prices PRODUCER PRICES (February 06, 1989)
ALUMINUM: MW U.S. Market $1.06-$1.09 per lb. (Jan 19, 1989). ANTIMONY: New York dealer $1.00 cents -$1.03 per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75 per lb. (Jan 5, 1989). CADMIUM: N…
Reserves upgraded at Tillicum Mountain property (February 06, 1989)
With a substantial increase in reserves brought about by its 1988 work program, Esperanza Explorations (VSE) is contemplating a $3.3-million pre- feasibility program this year for its Tillicum Mountai…
Tundra Gold options more Quebec claims
An additional 13,850 acres has been added to Tundra Gold Mines’ (VSE) McKenzie Break property in Courville and Fiedmont twps., 20 miles north of Val d’Or, Que. The company recently optioned another 34…
Epp named as new mines minister
Jake Epp, the new Minister of Energy, Mines and Resources, will be the guest of honor at the banquet held by the Prospector’s and Developers Association at their annual convention. The PDA convention …
Earnings Report (February 06, 1989)
Ennex International of Dublin, Ireland reports a net loss for the 9-month period ended Sept 30 of $460,000(US) or 55 cents per share on revenue of $3.74 million. For the same period a year earlier th…
Stratabound drilling lead-zinc property
Alberta-based junior Stratabound Minerals (ASE) reports initial drill results from its CNE base metals property near Bathurst, N.B. Last fall, the company reported the discovery of high grade lead- zi…
Vancouver Stock Exchange Trading active despite gold’s fall
Trading activity here remained upbeat and at a relatively even keel despite gold’s dip below $400 and some further profit-taking. Even the latest insider trading scandal failed to have any impact, wit…
Midas begins drilling
A drill program has been started on the Davidson Tisdale gold property near Timmins, Ont., by Midas Minerals (TSE). The 2,500-m program will test for mineralization between the 200-m and 400-m levels …
BP, Galactic open Ridgeway in South Carolina
America’s first gold rush began almost 200 years ago in the Piedmont area of the Carolinas; and after a half-century hiatus (production ceased during World War Two), gold mining has made a significant…
Placer Dome to buy Hilltop property
By the end of March, U.S. Precious Metals (TSE) and Ruskin Developments (VSE) expect to have completed the sale of the Hilltop property in Nevada to a unit of Placer Dome Inc. (TSE) for the sum of $2….
Nevada Goldfields, Minerex discussing rationalization (February 06, 1989)
Discussions have taken place between Nevada Goldfields Corp. (NASDAQ) and Minerex Resources (TSE) about a possible rationalization of their mining operations near Hawthorne, Nev. While emphasizing the…