Metal Prices FUTURES PRICES (November 09, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Nov. 88.60 86.75 88.60 + 7.30 Dec. 86.90 84.50 85.60 +…
News
Vancouver Stock Exchange Trading volumes are way down
Volumes were way down on the Vancouver Stock Exchange this week compared to the previous week. Only one issue — Tundra Gold Mines — traded more than a million shares. Last week Tundra traded more th…
EDITORIAL Spotting the flaws in gold
The fact that a dentist a few years ago discovered tungsten illegally included in some gold he was using for tooth repair, has led (indirectly) to a new Canadian-built ultrasonic system for detecting …
Porgera reserves upped by Placer
Underground drilling at the big Porgera gold deposit in Papua New Guinea has resulted in a reserve increase. Placer Dome Inc., reports that close-spaced drilling from an adit has enabled the project p…
Canada Tungsten options X-Cal bets
Canada Tungsten Mining Corp. has optioned two properties from X-Cal Resources in B.C. On the Tyax property, Canada Tungsten can earn 50% of X-Cal’s interest by spending $1 million over a 3-year period…
Canamax cuts high grade at Ketza River project
Several rich intersections have been pulled by Canamax Resources from the Break zone on the Ketza River gold property in B.C. Pacific Trans-Ocean Resources shares the property equally with Canamax. Ho…
Investment Comment Galactic offers pre-production risk
Although a New York brokerage house has not included Galactic Resources on its recommended list, it says Galactic’s four major properties are interesting vehicles for those investors willing to bear p…
EDITORIAL Can we learn from Black Monday?
What really happened on Oct 19? What caused the sharpest stock market decline in history and could it happen again? How much insider trading occurred? Who gained, who lost? Should we even care conside…
Silvera, Placer Dome enter joint venture
A joint-venture agreement involving the Wapiyao Lake and Bing Lake properties in the La Ronge gold belt of northern Saskatchewan has been entered into by Silvera Resources and Placer Dome. The agreeme…
People (November 09, 1987)
Canadian Explosives Distributors Association — Rene Mass elected president for 1987-88.
Barrick’s earnings up more than 50%
American Barrick Resources reports net income of $11.7 million or 34 cents per share on revenue of $83 million for the first nine months of 1987 compared with net income of $11.4 million or 28 cents …
Green Diamond gets Destor claims
Alberta-listed Green Diamond Oil Corp. has acquired a 1,500-ac claim group in the southeast corner of Destor Twp. in the Rouyn- Noranda, Que. region. Accessible by road, the property is located 22 mil…