COATS Trading Features (April 20, 1987)
Several issues have reacted to the rapidly improving gold market. Card Lake Resources, which is busy with a promising gold play in Harker Twp., north of Kirkland Lake, Ont., has completed a $500,000 f…
News
FUTURES PRICES N.Y. Mercantile Exchange
High Low Close Week’s Change PLATINUM (in US$ per oz.) May — — 605.60 — June 605.00 605.00 606.70 — July 609.40 594.00 607.70 +35.50…
Metal Prices FREE MARKET London Metal Exchange (April 20, 1987)
Spot closing prices in Pound Sterling per tonne Date April 14 April 13 April 10 April 9 April 8 Copper 914-915 914-914.5 918-919 917-918 914-915 Lead 329-330 332-333 320.5-321.5 322-322.5 …
Giant’s deal with Pamour increases gold output (April 20, 1987)
Giant had earnings of $3.8 million, or 89 cents a share in 1986, compared with income of $5.7 million or $1.32 a share, in the previous year. The company says the decreased earnings last year reflect …
President bullish Lacana looks to a good year
He may be new to the job, but that’s no reason Gil Leathley should remain a stranger. The new president of Toronto-based Lacana Mining believes in getting out to meet his workers. “I spend about 40% o…
La Teko start
Development work has begun at La Teko Resources’ Ryan Lode heap leach project near Fairbanks, Alaska (N.M., Feb 16/87). The company hopes to produce 13,000 oz gold this season from agglomerated materi…
Metals industry must compete in an active materials market
It won’t be an easy task but the metals industry can fight back in the marketplace. “Yes, but it’ll be tough,” George Jewett, of the Toronto consulting firm Jewett & Associates, told a luncheon meetin…
Break-neck activity keeps market hopping
For the third straight month, records were shattered on the Toronto Stock Exchange making March the all-time top month for both dollar value and share volume traded. Dollar value traded rose to a reco…
Canuc expects royalty income
Canuc Resources expects to start receiving royalty income from its uranium properties near Elliot Lake, Ont., by 1989. Sold to Denison Mines, the Canuc ground hosts drill-indicated reserves of 7-10 mi…
Storimin is set to resume work on Moss Twp. bet
Storimin Exploration says it will resume exploration immediately after breakup on its Moss Twp., Ont. gold prospect, about 70 miles west of Thunder Bay, where a 30,000-ft drill program has been comple…
Montreal Exchange Essor popular issue
Resource companies continue to be among the active leaders on the Montreal Exchange, where two of the mining stocks traded more than a million shares each during the past week. One of the firms, Essor…
Letters to the Editor Resents slur on Indonesians
I have had the article by Keith McCandlish (Odds ‘n Sods, Feb 23/87) on coal exploration in Indonesia pointed out to me. Only the threat, at the close of the article, that there might be more of this …