Metal Prices FREE MARKET London Metal Exchange (June 29, 1987)
Spot closing prices in Pound Sterling per tonne Date June 23 June 22 June 19 June 18 June 17 Copper 971-972 959-960 965-966 975-976 975-976 Lead 376-378 …
News
Power plans big drilling program
Power Expllorations plans to complete approximately 100,000 ft of diamond drilling by year-end. The large program, scheduled to begin in August, will test several properties held by the company in Ont…
Tax Angles The 1987 Tax Reform a quagmire for investors
Last week, the Minister of Finance, Michael Wilson tabled the government’s long-awaited proposals for tax reform. In general terms, the proposals call for a broadening of the income tax base for both …
Go-ahead is given for new gold mine in northern Ontario
The go-ahead has been given for Ontario’s latest gold mine. At presstime, Dome Mines President Henry Brehaut told The Northern Miner that the Dona Lake orebody in the Pickle Lake area of the province,…
Letters to the Editor Industry makes progress in safety
The Ontario Mining Association agrees with the heading of your editorial, “Mine deaths must be cut,” in the June 8 issue. Our members are trying to do that. The fact is that our efforts in job hazards…
Metal Prices FUTURES PRICES (June 29, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 68.95 68.95 68.90 — 1.90 July…
Flow-through isn’t through yet What the industry says . . .
Gerald Merrithew, Federal Minister of State for Mines “Many people expected the bottom to fall out, but that certainly did not happen. In fact the mining industry received some very special treatmen…
Editorial Thank Wilson for small mercies
There’s no doubt about it. Michael Wilson’s white paper on tax reform proved something of a blow to the mining industry in that it watered down flow-through share financing for mineral exploration. Wh…
Audrey’s open pit mine in production next week
The Mobrun polymetallic mine in northwestern Quebec will start production July 1, the president of Audrey Resources, Guy Hebert, reports. Located 32 km north of Rouyn- Noranda, the mine will produce g…
Denison sells Conrex to private investors
Consolidated Rexpar Minerals and Chemicals recently announced financing plans that will take the company into merchant banking and investments business in association with Gornitzki, Thompson & Little…
HSK plans aggressive program for Queenston acquisition
In investment circles there’s a well-known adage which states that a good deal helps to sell a deal. In a bid to get the financing for its recent Queenston Gold Mine acquisition, Hugh Harbinson, presi…
Agreement clears way for Silidor development
A 3-party agreement virtually assures that the Silidor gold deposit within the city limits of Rouyn- Noranda in northwestern Quebec will go into production. Noranda, Cambior and Cogesco Mining Resourc…