Metal Prices (September 05, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 30 Aug 29 Aug 26 Aug 25 Aug 24 Copper 1392-1394 N/A 1398-1399 1396-1398 1378-13…
Articles by Northern Miner Staff
MacDonald Mines regains shares in Gallen mine
A group of shareholders representing more than 10% of the issued shares of COATS-listed MacDonald Mines is trying to breathe new life into the mining company. At a recent meeting in Montreal, the comp…
Editor’s note
I have subscribed to your paper for more than 25 years and have always eagerly read it, but was I ever astounded and disgusted to see in your Aug 15th issue the sole “Letter to the Editor” headed `Mad…
High grade gold on Roxy zone
Drilling is continuing on the Roxy zone where several drill holes have intersected high grade gold values across wide widths, Golden Rule Resources (TSE) says. Operated by Saskatchewan Mining Developm…
Continuity confirmed at depth: Mimiska
Additional drilling results have been reported by Mimiska Mining (ME) from its wholly-owned Fern Elizabeth gold property in northwestern Quebec. The company says the latest results confirm the continu…
Inco consolidating 3 mill operations
The consolidation of three milling and concentrating operations in the Sudbury, Ont., area will be carried out by giant nickel producer Inco Ltd. (TSE) at a capital cost of $69 million. Affected by th…
Uranium’s future tied to political events
Global uranium production is expected to remain below consumption for several more years as inventories are depleted, writes Nuexco, a uranium brokerage firm in the United States, in a recent monthly …
Metal Prices FUTURES PRICES (September 05, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep 102.40 101.40 101.60 + 1.55 Dec 100.20 98.80 99.50 + 1.50 Mar 95.40 94.50 …
Investment comment Juniors mining stocks still offer bear market
The current bear market may have driven down the appetite of retail investors for junior mining stocks, but there are still some juniors out there to keep an eye on, says Yorkton Securities mining ana…
$4.7 million for Wilanour property
A $4.7 million underground exploration effort has been approved for the Wilanour property near Red Lake, Ont. Partners include Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE) with 50%, Wilanour…
Alberta Stock Exchange Biron bucks trend
In the last vestiges of a long hot summer, the retail-oriented Alberta Exchange is still waiting for a fall buying spree to pull the market out of its current state of lethargy. Volumes continued to b…
Mining to become a cornerstone of Alaskan economy says report
A state government report on Alaska’s mineral industry concludes that mining will “again become a cornerstone of the state’s economy.” Alaska’s Mineral Industry, 1987, the annual economic summary of m…