Metal Prices FUTURES PRICES (December 19, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Dec 156.10 151.65 152.00 + 0.75 Jan 143.00 142.00 142.00 — 2.80 Mar 132.00 128.20 129…
News
Metall reports higher earnings during third quarter of 1988
Despite operating problems at the Ok Tedi gold/copper mine in Papua New Guinea, Toronto-based Metall Mining (TSE) strengthened its financial position recently. Third-quarter net income increased to $6…
Delta drilling results please partners
Encouraging drilling results from the Delta platinum property in the Cape Smith area of Ungava in northern Quebec have been reported by the three companies involved in the project. Falconbridge Ltd. (…
Cambior to take over nova-Cogesco Res
Major Quebec gold producer Cambior Inc. (TSE) has announced a takeover bid for all of the outstanding shares of Nova-Cogesco Resources (TSE). Cambior says it will pay $1.80 per share on the condition …
Toronto Stock Exchange Massive Inco trades boost market volumes
More than 8.7 million shares of Inco Ltd. were traded today in a blizzard of action valued at more than $300 million. The immense volume, about 8.7% of the company’s issued and outstanding shares, com…
Athabaska Gold resumes drilling at Nicholas Lake
Encouraged by recent drill results that included intervals of 77.8 ft of 0.388 oz gold and 30.7 ft of 0.32 oz gold, operator Athabaska Gold Resources (VSE) has resumed diamond drilling on the Nicholas…
McFinley finds new zone at Bateman Twp. project
Dogged by development problems at the Bateman, Twp., gold project near Cochenour, Ont., McFinley Red Lake Mines (TSE) finally had some good news in its recent interim report to shareholders. The compa…
Video Library
The Toronto Geological Discussion Group and the Prospectors and Developers Association of Canada are jointly establishing a library of videos on mining, mineral exploration, mineral economics and econ…
Radisson receives feasibility report
A positive feasibility study has been received by Radisson Mining Resources (ME) for its Duquesne gold project in Destor Twp., 18 miles north of Rouyn-Noranda, Que. Total reserves at the property as o…
Editorial Mining at new depths
It may not be next year, it may not be in the next decade, but eventually we’ll be mining on the ocean floor. With massive sulphide deposits measuring 150 m in diameter or more and at least five met…
Spirit Lake budgets $1.2 M for Edwards
Spirit Lake Explorations (ME) is outlining tonnage at its Edwards gold project, 30 miles northeast of Wawa, Ont. Located immediately east of the operating Kremzar gold mine, operated by Canamax Resour…
Earnings Report (December 19, 1988)
Quebec Sturgeon River Mines (TSE) reports a net loss for the 9-month period ended Sept 30 of $540,587 or 5.8 per share compared to $1.3 million or 14.7 p er share for the corresponding period in 19…