ME trading in ’87 at record levels
Trading activity in the Montreal Exchange’s equity and options markets in 1987 was at record levels, the stock exchange reports. The general market portfolio index rose 3.7% compared with 1986 on a vo…
News
Cominco’s Red Dog to employ up to 350
When Cominco’s Red Dog mine reaches full production in the early 1990s it will provide jobs for about 300 to 350 people, according to Orbit, Cominco’s in-house publication. Although initial production…
EDITORIAL Volunteering for taxes
If the example of mining companies in Nevada catches on, it could give the industry a bad name. Miners could become known as a soft touch, if not a little soft in the head. Mining has been booming i…
Gunnar gold joins Maritimes gold hunt
Gunnar Gold has announced that it will join the hunt for gold in the Maritimes with a $2-million diamond drilling program on the Fifteen Mile Stream property in Nova Scotia. The 4-drill, 30,000-ft exp…
Pezim ties up Grew Creek ground in the Yukon
Virtually all the ground on trend with the Grew Creek discovery of Noranda Exploration and Golden Nevada Resources has been tied up by Pezim Group companies including his fledgling merchant bank, Prim…
EDITORIAL All’s well that ends well
A bitter Canada-U.S trade dispute over potash appears to have been amicably settled, at least for the time being, with both parties apparently satisfied. But it came just in the nick of time, for if a…
Duration high grade
A high grade drill intersection has been completed by Duration Mines and Locator Explorations on the company’s Theresa gold mine property near Longlac, Ont. Drilling from an underground station inters…
CIM student night
W. R. O. Aitken, executive vice- president of Inco Ltd., will be the guest speaker at the annual Students Night meeting of the Toronto Branch cim to be held at the Royal York Hotel Jan 21. Topic will …
Zinc-copper mineralization found at Abbey/Aur prospect
Partners Aur Resources and Abbey Exploration say they have intersected more high grade zinc-copper mineralization at the Lugold property in Louvicourt Twp., Que. According to Aur Chairman James Gill, …
Metal Prices PRODUCER PRICES (January 18, 1988)
ALUMINUM: MW U.S. Market 89.00 cents -91.00 cents per lb. (Jan 7, 1988). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Dec 10, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CADM…
ATLANTIC REPORT Credibility for Nova Scotia
The recent takeover bid for Halifax-based Seabright Resources by the multi-billion-dollar Australian mining conglomerate Western Mining Corp. Holdings has finally given credibility to Nova Scotia’s Me…
Metal Prices Future Prices
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jan 134.00 133.20 133.20 — 6.80 Mar 120.70 116.25 117.15 — 5.75 M…