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 …
News
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 …
McChip Resources close to earning property interest
Shareholders of McChip Resources (TSE) were told at the recent annual meeting the company is close to acquiring its 50% interest in 72 claims located east of Timmins, Ont., in Stock, Macklem and Germa…
SherrGold exceeding production forecasts
The MacLellan gold mine owned by SherrGold Inc. (TSE) is performing so well that recent production forecasts have been improved by the company. Speaking at the annual meeting in Toronto, Stephen Datte…
U.S. REPORT Progress toward amalgamation of Crown, Gold Texas
Negotiations are progressing towards an amalgamation of Crown Resource Corp. (NASDAQ), Gold Texas Resources (VSE), and Gold Capital Corp. (Spokane). Specific details of the merger are pending awaiting…
Fewer graduates portends problems for mining
One of the major challenges facing today’s mining industry lies in building a continuing supply of young engineers — not only in mining and metallurgy but in other disciplines such as electrical and …
Metal Prices FREEMARKET (June 27, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date June 14 June 13 June 10 June 9 June 8 Copper 1376-1380 1430-1432 1555-1560 1525-1540 1480-1485 Lea…