Metal Prices FREE MARKET (August 08, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug.2 Aug. 1 July 29 July 28 July 27 Copper 1219-1221 1214-1216 1251-1253 1224-1226 1231-1233 Lead 346-3…
News
Trust fund sought for royalties owed Larch and McKinnon
Net smelter royalties owed to prospectors John Larche and Donald McKinnon from claims staked at the Hemlo gold camp in northern Ontario have not been paid since legal action was started by Scintilore …
Metal Prices PRODUCER PRICES (August 08, 1988)
ALUMINUM: MW U.S. Market $1.24-$1.28 per lb. (July 28, 1988). ANTIMONY: New York dealer $0.99-$1.05 per lb. (July 21, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New …
Magma Copper profit is up
Magma Copper reports net income of $11.7 million(US) or $0.31 per common share on revenue of $136.2 million during the second quarter of 1988 compared with $7.5 million, which contained a pension sett…
Power negotiating joint ventures
With two joint venture agreements arranged, junior mining firm Power Explorations (TSE) is looking to negotiate similar deals with other mining companies to bring its various properties in northwester…
B.C. gives grants to prospectors
Grants to help 136 mineral prospectors have been approved under the British Columbia government’s half-million-dollar prospectors’ assistance program. “B.C.’s mining industry depends on active explora…
Toronto Stock Exchange Mining indices slip, despite gold’s rebound
The volume of shares traded on the TSE this week was characteristic of this time of year — below the yearly average at 15.9 million. The TSE 300 composite index slipped 87.34 points on the week to cl…
Tenajon encounters encouraging values
Underground exploration at Tenajon Silver’s (VSE) SB property 19 miles north of Stewart, B.C., has encountered encouraging gold values along with massive sulphide mineralization. Tenajon, the operator…
Petromet Res. pins hopes on ex-Consolidated Rambler bet
There aren’t many junior explorers around which can walk into an exploration property and expect to be in production within a year. But that is the position which Petromet Resources (TSE) and joint ve…
Upgrading plant equipment helps keep CCR competitive
Canada’s biggest secondary producer of gold is one of the largest copper refiners in the world. Canadian Copper Refiners (CCR), which traces its beginnings back to 1928 when a business decision was ma…
Editorial Risky business
Mining is a risky business, right? And the men (or women) who are the leaders and the risk-takers are frequently under a lot of pressure as they weigh the various factors involved in finding and devel…
Inco takes low key approach to Seven Mile High discovery
The exploration department at Inco Gold is calling it a good exploration bet which it plans to follow up on. But results from a small group of claims located just 10 miles south of Penticton, B.C., su…