Metal Prices FREE MARKET (April 18, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Apr.12 Apr. 11 Apr. 8 Apr. 7 Apr. 6 Copper 1250-1260 1274-1276 1303-1305 1293-1295 1294-1…
News
Newmont keeps Australian interests
After failing to reach a pricing agreement, Newmont Mining of New York has decided not to sell a 75% interest in Newmont Australia Ltd., the company said recently. The proposed sale of its Australian …
Investment Comment Bootleg project makes Vista a buy
When Vista International Petroleums created a precious metals exploration wing in 1986 to take advantage of rising gold prices, the new entity was able to give itself a head start At a price of $612,0…
Rogi exploration totals $1.8 million
Exploration work worth $1.8 million and the acquisition of two properties, White Lily and Leo Audet, highlighted the past year for Rogi Exploration (ME). The White Lily property is located in northwes…
Initial results in from Goldcap bet
The first results are in from a program undertaken by Goldcap Inc. (ASE) and Tyler Resources (TSE) at the Tas gold property 40 miles north of Fort James in central B.C. Under an agreement with Noranda…
Esperanza sets October start for Tillicum mine
There is a busy 6-month period ahead for those involved with Esperanza Explorations’ (VSE) Tillicum Mountain gold project located near Burton, B.C. Start-up of a 100-ton-per-day mill is slated for Oct…
Louvem planning shaft extension
Sinking work to extend the shaft below the 7th level at the producing Chimo gold mine in northwestern Quebec is to start in June, Louvem Mines (TSE) reports. The shaft should reach the 15th level in J…
Atlanta seeks partner in Idaho gold project
A joint venture partner is being sought by Atlanta Gold Corp. (VSE) to help develop its gold property in Elmore Cty., Idaho. “Atlanta is inviting proposals from interested parties,” President Olaf Tol…
COATS Trading Features (April 18, 1988)
Trading in Findore Minerals enabled the issue to top the volume list this week. More than 177,000 shares were traded to a high of 75 cents . Drilling on the company’s property in Garrison Twp., Ont., …
Minerals division improves Noranda results
The forest products division of Noranda Inc. (TSE) may have led the way in 1987 in earnings, but in terms of the company’s net investment, the metals and minerals division is tops, the company reports…
Renabie boosts output in ’87
Net income of $900,000 was recorded by Renabie Gold Mines during fiscal 1987 (for the 12 months ending Sept 30,), compared with a profit of $1.5 million in 1986. An increase in depreciation and amorti…
Essor has reserves
Work completed by Exploration Essor has outlined drill-indicated reserves of 207,000 tons grading 0.22 oz gold per ton in the Fayolle zone in Quebec. Partners on the project with Essor are Kerr Addiso…