FUTURES PRICES (August 28, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug125.70 125.30 125.15 + 3.30 Sep126.20 124.20 125.35 + 3.85 Dec122.20 120.80 121.85…
News
Managing Canada’s Mines Keeping it simple the key to Cameco’s
Th Sta Lak gol min a L Ronge Sask. i goo exampl o ho cos t-consciou managemen ca ge th jo don efficientl by keeping things simp le and prudent. That’ ho Camec brough Sta Lak int product…
Aur estimates reserves of 18 million tons at 2.8% copper, 2.8%
Toronto-based Aur Resources (TSE) has attempted to put an end to speculation regarding the size of its 50%-owned Louvicourt Twp. base metal discovery by announcing a preliminary reserve estimate. Usin…
Base-metal find in Yukon excites Lenora president
A potential zinc-lead-copper find in the Yukon near the Faro mine has the president of Greater Lenora Resources (TSE) excited. “We’ll be drilling in two weeks (by the end of August). Tenders are out r…
Books (August 28, 1989)
Magmatic Sulfide Deposits by Anthony J. Naldrett, University of Toronto. Published by Oxford University Press. ISBN 0-19-505119-X, hardcover, $91(C). Contact: Oxford University Press, Canadian Branch …
Aur suing for $81 million as Louvem mum on law suit
The already frosty relations between Aur Resources (TSE) and Societe Miniere Louvem (TSE) are expected to get a shade cooler following news that Aur has launched a second lawsuit against its Quebec- b…
Minago nickel project encourages Black Hawk
After acquiring 100% control of the Minago nickel deposit in northern Manitoba, Black Hawk Mining (TSE) is moving aggressively to develop the property. The Minago deposit, situated 140 miles south of …
Laclustre golds take shine off mining sector
Following several weeks of busy trading in a number of blue chip mining issues on the Toronto Stock Exchange, gold shares drifted lower along with lacklustre bullion prices this week. Solid strength i…
LAC in solid shape despite loss of Williams mine
Most mining companies would have been crippled by the loss of a gold property the size of the Williams mine at Hemlo in northern Ontario. In the case of LAC Minerals (TSE), the company appears to have…
Editorial Shoddy sales tax scheme
You have to wonder about Michael Wilson and his proposed Goods and Services Tax. It seemed like an idea whose time had come. The existing retail sales tax was long overdue for an overhaul and, in ge…
Gold funds as of August 22
MPV BGR Central Capital Net value $11.71 $ 5.94 $0.57 Price $10.00 $ 5.75 $0.35 Discount 14.60% 3.2% 38.6% Value $69,723,231 $99,9…
Cominco group to develop Chilean copper mine
A bid by Cominco Resources International (TSE) and parent company Cominco Ltd. (TSE) to develop the Quebrada Blanca copper deposit in northern Chile was recently accepted by ENAMI, a Chilean governmen…