Metal Prices FREE MARKET (June 20, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date June 14 June 13 June 10 June 9 June 8 Copper 1376-1380 1430-1432 1555-1560 1525-1540 1480-1…
News
Canadian junior Sikaman busy outside the country
Gearing up for gold production in Ghana, West Africa, during the latter part of 1989, Canadian junior- mining firm Sikaman Gold Resources (TSE) has started to look farther afield for new, and differen…
Bitech results at Bett’s
Three anomalous gold zones have been discovered by Bitech Energy Resourecs (ASE) on the company’s Bett’s Cove property in Newfoundland. The 64-claim property is located on the Baie Verte peninsula adj…
Melrose/Placer-Dome Inc. in Blackstock venture
Toronto-based Melrose Resources (VSE) says exploration is about to begin at the Blackstock Twp. property near Timmins, Ont., where the company is joint venturing with Placer-Dome Inc. (TSE). After spe…
Kerr Addison options Noveder property
An option agreement has been signed by Kerr Addison Mines (TSE) and Noveder Inc. (ME) (formerly Eider Resources) whereby Kerr (through its Quebec affiliate, Kerr Addison Exploration), may earn a 50% i…
Mexico’s domestic silver sales falter
Perched proudly in the southwestern Sierra Madre mountains, the town of Taxco is an enduring example of the important role silver mining plays in Mexico’s economy. In fact, this colonial village of sp…
Metal Snips (June 20, 1988)
Copper wire rod production in the U.S. reached an estimated 1.6 million tonnes in 1987, the highest level so far during the current decade, says Copper Studies, the monthly periodical for the copper i…
Seabright sinking
Operations at the Beaver Dam and Forest Hill gold mines, purchased by Western Mining Corp. late last year, are well below original expectations. Located in Nova Scotia, the properties were developed b…
Grab Samples (June 20, 1988)
Senior management at Lac Minerals is remarkably youthful — the average age of those holding the seven top management positions early this year was 49 — but that hasn’t prevented a couple of key pers…
PRODUCER PRICES (June 20, 1988)
ALUMINUM: MW U.S. Market $1.26-$1.32 per lb. (June 2, 1988). ANTIMONY: New York dealer $0.98-$1.02 per lb. (June 9, 1988). BISMUTH: New York dealer $5.55-$5.70 per lb. (May 12, 1988). CADMIUM: New Yor…
FINANCING (June 20, 1988)
ONTARIO Golden Penguin — final rec iss offer 1,000,000 @ $1.60 per sh. Home Lake — final rec iss offer 500,000 @ $1 per sh. VANCOUVER Armanda Gold — gross proceeds rec $165,000. Rat Res — gross pr…
Aur reports decrease in first half income
On schedule to begin production in September at its wholly- owned Kierens project at Val d’Or, Que., Aur Resources (TSE) of Toronto reported a drop in first half earnings. Aur reported net earnings of…