Metal Prices FUTURES PRICES N.Y. Commodity Exchange (April 27, 1987)
Week’s High Low Close Change COPPER (in US cents per lb.) April — — 63.30 + 0.75 May 63.70 63.25 63.35 + 0.75 July 63.4…
News
Steep Rock starts commerical shipments
Commercial product shipments started this month reports Steep Rock Resources, following the completion of construction of the first phase of the multi-phased ultra- fine calcite plant at Perth, Ont., …
Sullivan’s downside: Valdez upside is Arthur White mine
Reduced production and cost increase at the Valdez Creek mine in Alaska are the prime culprits behind the $687,000 loss posted by Sullivan Mines in its latest fiscal year. President Claude Genest, in …
Augdome financing placer pilot test
Assay results have just come in from a placer gold property on the lower reaches of McConnell Creek in B.C. Property owner Augdome Corp. has decided to issue 160,000 preference shares (at $1 each) to …
Camreco plans drilling program
With arrangements made with MVP for $1.5 million flow-through funding, Camreco Inc. plans a major drilling program on its northwestern Ontario properties including its recently acquired Goldlund Mines…
74 million Inco, Golden Knight project Golden Pond to produce in
The first gold bar from the Casa Berardi area of northwestern Quebec is scheduled to be poured in August, 1988 — seven years after the original Golden Pond discovery was made by Inco Ltd and more tha…
Kidd to drill Chance ground
Further exploratory drilling is to be carried out by Kidd Creek Mines on ground it holds under option from Chance Mining and Exploration in the Timmins area. This new work will include additional foll…
Oretruck on fire at Murdochville
Two weeks after a fire claimed the life of a miner at the Noranda Minerals Inc. copper mine at Murdochville, Que., on the Gaspe Peninsula, a 13-ton oretruck caught fire underground. No injuries were r…
Technology spurs graphite demand
The total market for graphite in North America is small, between 50,000 and 80,000 tons a year (compared with 610,000 tons world- wide). But new technology is spurring demand at growth rates of 1%- 3%…
Newfields arranges private placement
Newfields Minerals of Vancouver has arranged a private placement with S.I.C. Properties whereby Newfields will issue 2.5 million common shares to S.I.C. at $3 per share. A finder’s fee of $405,000 is …
Falconbridge in the red, cheered by gold, silver
Earnings news on the first quarter this year announced at the annual meeting was considerably less than a barnburner for Falconbridge Ltd., but the company is looking for better things for the rest of…
More Dome drilling on Melrose bet
A drilling program, overburden and diamond, is scheduled to be started after breakup on Melrose Resources’ Blackstock Twp., Ont. property by Dome Exploration. Dome says it intends to spend a further $…