Falcombridge offers dividend in issuer bid
At presstime for this issue, Falconbridge Ltd.(TSE) Chairman William James told The Northern Miner he was confident the company would get a quick ruling from the Ontario Securities Commission on a Fal…
News
Vancouver Stock Exchange (June 27, 1988)
Trading volume has slowed considerably in the face of higher interest rates, a stronger Canadian dollar, and weaker gold prices. Many people were hoping that Huntington Resources Brett discovery near …
Stewart Lake aims at special graphite market
Graphite may not be as easily marketed as gold, but Stewart Lake Resources (TSE) is confident it will have no trouble selling the product from its graphite deposit near Kingston, Ont., at a price that…
Not enough platinum to meet demand
Demand for platinum in 1987 exceeded 3 million oz for the first time, international metals company Johnson Matthey reports in its publication Platinum 1988. On the other hand, there was a shortfall in…
EDITORIAL Study of the sun, deep in a mine
Inco Ltd. is doing some mine development work from which it will never make a cent. And it doesn’t expect to. Purely in the interests of science, the giant nickel company is enlarging and preparing …
Metal Prices FUTURES PRICES (June 27, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun 111.50 111.50 111.45 + 2.95 Jul 109.50 104.00 …
Rio beefing up exploration role
Backed by the financial muscle of its England-based parent company, Rio Algom Ltd. (TSE) of Toronto is back in the exploration business. While company executives have declined to be specific about Rio…
NovaGold cuts wide zone in U.S.
Toronto-listed NovaGold Resources reports intersecting 11.9 ft of gold mineralization grading 0.407 oz gold per ton on the Summit property in New Mexico. The intersection was part of a larger 91.9-ft …
Brex announces gold discovery
First discovery of gold on the Desjardins property located 18 miles north of Quevillon, Que., has been announced by Brex Exploration (ME). President Claude Britt said two gold lenses were uncovered wi…
Lac intersects Main break at Kirkland West
A 7-ft intersection with a subeconomic grade of 0.11 oz gold per ton wouldn’t merit much attention in the majority of North American exploration projects. But the announcement that Lac Minerals (TSE) …
Metal Prices PRODUCER PRICES (June 27, 1988)
ALUMINUM: MW U.S. Market $1.26-$1.32 per lb. (June 2, 1988). ANTIMONY: New York dealer $0.98-$1.02 per lb. (June 9, 1988). BISMUTH: New York dealer $5.55-$5.70 per lb. (May 12, 1988). CADMIUM: New Yor…
Dispute at Hemlo’s Golden Giant
Toronto stock promoter Charles Stuart has threatened to get a court injunction to stop Hemlo Gold Mines (TSE) from mining a group of northwestern Ontario claims which he says are rightfully his. In a …