Brenda improves profit (November 14, 1988)
Stronger copper and molybdenum prices were responsible for improved earnings at Brenda Mines (TSE). The Noranda-controlled company, which operates a copper/ molybdenum mine in British Columbia, realiz…
News
Alberta Stock Exchange Golconda huge trader
A slight slump in the the price of gold has done nothing to dampen enthusiasm for some of the companies who are currently out looking for the precious metal. While the price of gold dropped $2.25(US) …
Golden Queen feels Soledad could be heap leach mine
Assembling a land position in the United States is sometimes tougher than delineating an orebody, especially when property ownership is fragmented. This was the case with Golden Queen Mining (VSE) whi…
Australian junior files base metals prospectus
An Australian junior appears to be leading a swing by junior companies back into developing base metals properties. East West Minerals, of New South Wales, trading in Sydney at about $1.60(A), this we…
Noranda purchases Crown Butte shares
Recently exercising its option to purchase 250,000 shares of Crown Butte Resources (VSE) at $2.40 per share was Noranda Inc., which now owns 18.4% of the former. Earlie thi year Norand acquire …
Gold and platinum can be found in some ore
The Oct 17th issue of The Northern Miner recently carried an article by Professor Jerry White addressing the promotion of precious metals stocks by “boiler room sales promotions” (N.M., Oct 17/88 Mini…
Euro-Nevada adds Hemlo area royalty to its portfolio
Toronto-based Euro-Nevada Mining (TSE) has acquired a 2 % net smelter royalty on a Hemlo, Ont., property which may host deep extensions of two of Canada’s biggest gold mines. Owned by a Calgary compan…
Sikaman to acquire Snow Lake tailings deposit
Toronto-based Sikaman Gold Resources (TSE) says it has entered into agreements which would give it the right to treat a gold tailings deposit at Snow Lake, Man. The tailings deposit, owned by Nor-Acme…
Vancouver Stock Exchange Calpine, War Eagle sustain interest
Although trading volumes on the VSE have picked up dramatically in recent weeks due to several new discoveries, public opionion polls suggesting the Liberals might win the next election and scrap the …
Orleans drilling
Favorable drilling results have been released by Orleans Resources (ME) from the Tangier property (East block) in Nova Scotia located 51 miles northeast of Halifax. Orleans is earning a 50% interest i…
Metal Prices FUTURES PRICES (November 14, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 149.00 149.00 148.80 + 0.40 Dec 144.00 140.30 142.30 + 0.40 Mar 120.35 118.00 119.1…
Fire at Belmoral mine destroys change room
Mining crews at the Ferderber mine of Belmoral Mines (TSE) at Val d’Or, Que., missed a shift recently following a fire which destroyed the mine change facilities and assay office. No injuries were rep…