Metal Prices FUTURES PRICES (April 04, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 108.00 103.00 104.25 + 0.85 Apr 104.00 …
News
Normetal options property interest
An option to earn a 25% interest in the Normetal gold property located northwest of La Sarre, Que., has been acquired by Orfinance Resources from Normetal Mining Exploration. To earn its interest, Orf…
Montreal Exchange (April 04, 1988)
Placer Dome division A major news item that Placer Dome wishes to create a Quebec mining division helped to brighten a trading week which saw both the market portfolio and mining and minerals index tu…
Letters to the Editor Collaring a ramp?
Would you please explain to your readers just how you “collar” a ramp? (First bulk test on Fontana bet, — (N.M., March 14/88). Maybe you should color the ramp — like the Yellow Brick Road. Could I c…
Toronto Stock Exchange Modest gains spurred by U.S. economic data
A week of see-saw trading which recorded three consecutive days of declines, took a turn for the better following news from the U.S. that house sales in February increased by 20.3% — the largest such…
Hemlo producers continue high grade, low-cost ways
Two of the three gold producers at the Hemlo gold camp on the northern shore of Lake Superior are mining ore grading above 0.4 oz gold per ton, according to data released by the operators. For the qua…
Editorial Gold hoard mocks poverty
It’s ironic that India, where literally millions of people live in conditions of abject poverty, has what is believed to be one of the largest gold hoards in the world. India itself actually produce…
Partners Aunore, Nova Beaucage begin bulk-sample program
A program to extract a 15,000-ton bulk sample from the Elder gold project in the Rouyn-Noranda area of northwestern Quebec is under way, joint venture partners Aunore Resources and Nova Beaucage Mines…
Noranda ups reserves at Banbury’s B.C. bet
Drilling by Noranda Exploration has increased reserves on Banbury Gold Mines’ Hedley, B.C., property. Noranda has the right to earn a 51% interest in the property by spending $3 million before the end…
Books (April 04, 1988)
Metals Handbook, Ninth Edition, Volume 13 — Corrosion by asm International. isbn 0-87170-019-0; 1,416 pages, hardcover, $104(US) plus $7.50 shipping and handling. Gulf Publishing Co., Book Division, …
Zinc plays catch-up with other metals
While not quite emulating the price run-ups experienced of late by copper and nickel, zinc has seen its price rise and, according to the securities firm Shearson Lehman Hutton, is trading at its highe…
Nuspar expectations high for even junior company
Junior mining companies sometimes have high expectations and Vancouver-based Nuspar Resources is certainly no exception. The company says it has signed an agreement with “a major international gold bu…