Faraway reports assay results
Assay results from the first hole drilled in a 20,000-ft program on the Sam silver property of Faraway Gold Mines near Houston, B.C., indicate one 45-ft section with ore values comparable to the gross…
News
Turner succeeds Albino as Rio Algom chairman
George Albino is no longer the chairman and chief executive officer of Toronto-based Rio Algom Ltd. After 23 years with the company, Canada’s second highest paid chief executive was replaced as chairm…
Forbex reports gold intersections at Rouyn property
Three of four holes drilled by Cambior Inc. on the Stadacona-East property at Rouyn-Noranda, Que., have returned gold values, Forbex Mining Resources reports. Forbex and Cambior have signed a joint ex…
metal Prices PRODUCER PRICES (November 09, 1987)
ALUMINUM: MW U.S. Market 85.00 cents -88.00 cents per lb. (Oct 22, 1987). ANTIMONY: New York dealer $1.10-$1.16 per lb. (Oct 8, 1987). BISMUTH: New York dealer $4.90-$5.00 per lb. (Oct 22, 1987). CAD…
Profit uptrend for Dickenson
The uptrend in earnings of Dickenson Mines continues, with net for the nine months ended Sept 30 ahead to $4,981,000 or 34 cents per share, up from $2,783,000 or 25 cents a share for the same period…
West Kootenay share sale boosts Cominco earnings
Following the sale of its shares in West Kootenay Power and Light Co., Cominco Ltd. has reported unaudited consolidated earnings of $92.6 million for the 9-month period ended Sept 30. That compares wi…
Resurrecting Carolin mine a challenge to Giant Bay
Resurrecting the trouble-plagued Ladner Creek gold mine of Carolin Mines near Hope, B.C., is something that appears to have challenged Giant Bay Mines. Giant Bay says it is joining forces with Wright …
Alberta Stock Exchange Investors play safe
As investors tried to reduce their exposure to an uncertain market place, it was a rare issue which traded more than 150,000 shares. Consolidated CBA Ltd. and Consolidated Golden Standard were among t…
Montreal Exchange Trading volume slows
Turbulent trading continues to be the trademark of the current market, where the weakened state of the U.S. dollar seems to be the focus of everyone’s attention, as well as that country’s huge deficit…
Baden/Keld’Or
The first phase of a reverse circulation drill program has been completed by Baden Explorations and joint venture partner Keld’Or Resources. The work was completed on their gold property near Carefree…
Midland Energy to acquire Rayrock’s Latin prospects
Midland Energy Corp. of Vancouver will quadruple the value of its ore reserves and increase its exposure to Third World mining by acquiring Rayrock Yellowknife Resources’ Chilean, Ecuadorian and Costa…
Metal Prices FREE MARKET (November 09, 1987)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Nov. 3 Nov. 2 Oct. 30 Oct. 29 Oct. 28 Copper 1223-1224 1194-1196 1175-1178 1145-1…