Metal Prices PRODUCER PRICES (March 21, 1988)
ALUMINUM: MW U.S. Market $1.025-$1.06 per lb. (Mar 3, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (Feb 18, 1988). CADMIUM: New Yor…
News
Hudson Bay to mine Callinan ground in ’89
It’s been a long wait for shareholders of Consolidated Callinan Flin Flon Mines, but the 1,200-acre zinc-copper property the company once held in northern Manitoba is now slated to go into production …
Narrow trading range for silver
A trading range for silver between $6(US) and $8 seems reasonable for months to come because of reduced investor interest and the build-up of supplies overhanging the market, said a spokesman for silv…
Our mistake
Contrary to a statement made in an article appearing in the January 25, 1988, edition (“Shabu share trading still subject of rcmp probe”), Harvey Rubenstein was not in fact a director of Shabu Gold Mi…
Alberta Stock Exchange Penway loses ground
While big traders like Argus Resources and Penway Explorations lost ground this week, Calgary- based Gold Vessel added an impressive 50 cents to its share price. Gold Vessel, which closed at $1.70, r…
Hot intersections pulled at Messeguay gold prospect
Montreal-based Messeguay Mines has pulled a hot intersection from its wholly-owned Launay/ Privat property where a new zone is being explored, the company said recently. Weighing in at 64 ft grading 0…
Doran negotiates deal with Lacana
A letter of intent has been signed by Doron Explorations giving Lacana Mining an option to earn a 50% interest in the Cody Ridge silver-lead-zinc prospect near Faro, Yukon. To earn the interest, Lacan…
With new board, and fresh capital, Nor-Quest outlines its new
Equipped with a reorganized board of directors and $2.1 million in equity capital, Nor-Quest Resources has outlined its short-term strategy after a preliminary review of operations. After producing 46…
Camindex still in arrears at Valdez Creek project
A production shortfall at Camindex Mines’ Valdez Creek placer gold mine in Alaska, continues to cause financial headaches for the Toronto-based company. In 1986, ground water flow problems disrupted a…
Negotiations still for Falconbridge
Falconbridge Ltd. has discounted a press report that a settlement has been reached in the company’s dispute with the government of the Dominican Republic, over an export duty imposed by that governmen…
Investment Comment High hopes for Bryndon
During a recent North American tour, a number of British analysts stopped in at Bryndon Ventures’ Rossland claims just south of Rossland B.C. While it isn’t known how long they spent at the property, …
Texmont to earn 50% of Gowest property (March 21, 1988)
Explorations of Toronto an option to earn a 50% interest in a 14-claim property in Tully Twp., 40 km northeast of Timmins, Ont. Under an agreement, after New Texmont has spent $400,000 within one year…