Metal prices tied to economy’s performance
The bull market in base metals would appear to be over, at least for a London research firm which points out that during the fourth quarter of 1989, metals “either returned to the defensive or continu…
News
PRODUCER PRICES Metal Prices (January 01, 1990)
ALUMINUM: MW U.S. Market US73.00 cents – 74.75 cents per lb. (Dec 14, 1989). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (D…
Trading nets Imperial earnings
Trading profits of $2 million for the six months ended Sept 30 kept Imperial Metals (TSE) in the black. The company reported net earnings for the period of $1.33 million on operating revenues of $2.1 …
12 honored as Hall of Fame’s first inductees
The industry honored some of its own last January at the inaugural dinner of the Mining Hall of Fame held at Toronto’s Royal York Hotel. Keynote speaker at the event was former Falconbridge chairman B…
Stratabound releases New Brunswick results
Stratabound Minerals (ASE) has released some encouraging results from its 100% owned CNE zinc-lead-silver property near Bathurst, N.B. where reserves above the 130-ft level stand at 210,000 tons of gr…
Vancouver Stock Exchange Index gains ground in quiet trading
As each year comes to a close, economists and analysts bring out the crystal ball and make projections on what is in store for the future. Although the threat of recession and unrelenting high interes…
Hecla, Mispec deal
Hecla Mining has acquired an option on the Cape Spencer, N.B., gold property owned by Mispec Resources (ME). Under the terms of their agreement, Hecla has the right to earn a 51% interest in the claim…
Montreal Exchange Wrightbar advances
The Christmas holiday may have shortened the trading week to three days, but the news was mostly cheery. The metals and minerals index closed up 18.6 points, while the general market portfolio index m…
Hard times for Hardrock during funding search
Toronto-based junior Hardrock Extension (TSE) says it is “exploring all avenues” to raise funds for exploration work on its gold property near Geraldton, Ont. An underground exploration program was pl…
Hillsborough feasibility (January 01, 1990)
Hillsborough Resources (TSE) expects a project feasibility study for the Mt. Hundere zinc deposit in the Yukon from partner Curragh Resources by mid-December. Hillsborough and Curragh hold a 20% and 8…
Perrex in Bradette
An exploration program has been started by Perrex Resources (ASE) on a 94-claim property in Bradette Twp., Ont. The company is conducting geophysical surveys over an area near two old drill holes that…
The Northern Miner availale on microfilm across Canada
The Northern Miner is available on microfilm at the following libraries: Amax Centre, Greenwich, Conn. British Columbia Institute of Technology Burnaby Public Library Calgary Public Library CANMET Lib…