Metal Prices FREE MARKET London Metal Exchange (May 18, 1987)
Spot closing prices in Pound Sterling per tonne Date May 12 May 11 May 8 May 7 May 6 Copper 909-910 918-920 860-908 892-893 876-877 Lead 409-413 419-421 …
News
Amca is building bigger leach pad at Arizona Bet
One small heap leach pad is fully operational and a second but larger pad (20,000-25,000 tons) is being constructed at Amca Resources’ Silver Cross property near Phoenix, Ar. Some copper-bearing ore h…
Encouraging results reported on two Crown Res. properties
Encouraging results have been reported by Crown Resource of Denver with joint-venture partner Echo Bay Mines on Crown’s Granny and Key gold and silver properties at Kettle River, Wash. High grade gold…
Dickenson boosts first-quarter income
Continuing its “winning” ways, Dickenson Mines of Toronto recorded a net income during the first quarter of this year of $1.2 million (9 cents per share), compared with $431,000 (4 cents per share) …
Place Res. boosts 1st-quarter income
Net income for Place Resources during the first-quarter of this year was $348,700 (5 cents per share), up from $250,896 (3.5 cents per share) for the same period last year. Cash flow for the quarter…
Gibralter quarterly loss about equal to last year’s
Gibraltar Mines reports a loss of $1,184,000 or 10 cents per share on revenues of $14,975,000 for the first three months of 1987. This compares to a loss of $1,141,000 or 10 cents per share on revenu…
Queries New Pascalis back to life
I’ve heard rumors that there is some drilling going on at the New Pascalis Mines property up near Val d’Or, Que. I’d understood that that property was just about out of the picture as far as any furth…
Pacific Trans closes $4.2 million financing
A total of $4.2 million has been raised by Pacific Trans-Ocean Resources, the company says. Approximately $1.4 million was raised via the issue of flow-through shares. Another $2.8 million came from a…
Getty, Fairfield to drill Logan
A $1.2 million exploration program will be conducted on the Logan zinc-silver property by partners Getty Resources and Fairfield Minerals. Located 65 miles west of Watson Lake, Yk., the Logan project …
Novamin takeover
The takeover offer by Breakwater Resources for Novamin Inc (N.M., April 13/87) will be presented to their respective shareholders for acceptance in early May. Both companies have signed a memorandum o…
“Operation Wawa” off and running for Galveston
A $1.5 million exploration program is scheduled to begin in the next few weeks on Galveston Resources’ Murphy Lake mine property in Ontario. Known as “Operation Wawa,” the joint venture includes Berle…
CIM presents many awards and medals at its major Toronto annual
Among the many awards and medals conferred at this week’s annual general meeting of the Canadian Institute of Mining and Metallurgy were the following: * Inco Medal, awarded to John C. MacIsaac, presi…