Montreal Exchange Uneasy investors react
Election jitters seem to have gotten to investors this week, with the market well off and the value of the Canadian dollar dropping. Published voter- preference polls showed the Liberals with a comman…
News
Metal Prices (November 14, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Nov 8 Nov 7 Nov 4 Nov 3 Nov 2 Copper 1849-1…
Editorial A threat to sovereignty
The greatest threat to Canadian sovereignty today is not free trade but a growing public debt that is running out of control. In recent years, the economy has been humming along nicely. But beneath th…
Mark V remains confident of getting mine permits
Mark V Petroleums and Mines (TSE) of Vancouver says it is receiving positive signals from the U.S. Forest Service with regard to bringing its Bagdad gold project into production. Nothing has been rece…
Stratmin finds second client
A second buyer has been lined up by Stratmin Inc. (ME) for its Quebec graphite concentrates. The company says an agreement in principle has been reached with C. ITOH Ceramics Corp. of Japan whereby th…
Reserves Calculated for Willa Project
A $1-million exploration program was recently completed on the Willa property in southwestern British Columbia by operator, Northair Mines (TSE). The company now has a 77% interest in the gold project…
Metal Prices PRODUCER PRICES (November 14, 1988)
ALUMINUM: MW U.S. Market $1.07-$1.09 per lb. (Oct 27, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $5.90-$6.00 per lb. (Oct 20, 1988). CADMIUM: New Yo…
Investment Comment Three junior golds with overlooked potential
Toronto-based Bitech Energy Resources (ASE) has substantially increased its mineral exploration activities since last year, and recently, the company made a significant gold discovery in Newfoundland….
MRI revenues up from 1987 level
As indicated by its recent financial results Mineral Resources International (TSE) is continuing to benefit from zinc prices which jumped recently to $1,350(US) per tonne from $820 a year ago. MRI’s n…
Tenajon seeks to buy Esso’s interest in SB
Surface diamond drilling on the SB property near Stewart, B.C. intersected a new zone parallel to the Main zone where operator Tenajon Resources (VSE) has been encountering impressive values in both p…
Inco earmarks $100 million to open 2 Thompson mines
Still under fire for a recapitalization plan designed to fend off a hostile takeover, Inco Ltd. (TSE) is setting aside $100 million to sustain production in its Manitoba division. Over the next seve…
Change of guard at Breakwater
A change of guard at Breakwater Resources (TSE) suggests the company could eventually fall under the control of Corona Corp. (TSE). Ned Goodman, the chairman of Corona, was recently appointed to Break…