Metal snips (November 13, 1989)
Major world silver producer Peru is on a stockpiling binge. The country’s Central Reserve Bank is reported to be buying production from domestic mines a t a 5% price premium. The stockpiling of silver…
News
Snip viable only if Iskut River road is built
A green light for road access into the Iskut River gold camp of northwestern British Columbia is likely to mean approval for the Snip gold deposit. According to Prime Resources (VSE), which has a 40% …
Rockblasting ceremony marks start on new research centre
A recent rock-blasting ceremony on the Laurentian University campus marked the foundation of Ontario’s new, $53-million mines and minerals research centre. Scheduled to be completed by late 1991, it w…
Trelleborg, Sherritt
Officers of Sherritt Gordon (TSE) are still trying to confirm if Swedish mining giant Trelleborg has secretly acquired up to 9% of Sherritt’s common shares on the open market, a Sherritt spokesman tol…
Eskay gold values drop off base metals values continue
The latest assay results from the Eskay Creek project situated north of Stewart, B.C., are revealing lower grade precious metal values along with values in lead, zinc and copper. Eskay Creek is owned …
Denn’or, Orcana plan joint venture (November 13, 1989)
Juniors Exploration Denn’or (ME) and Orcana Resources (VSE) are negotiating to become joint venture partners in the exploration of two properties in the Val d’Or area of Quebec. The companies will exp…
Corona boosts 9-month earnings
Net earnings of $34 million (23 cents per share) for the first nine months of 1989 were reported by Corona Corp. (TSE), compared with $24 million (16 cents per share) for the same period last year. T…
Higher base metal prices help Minnova hike 9-month earnings
Higher base metal prices helped Minnova Inc. (TSE) boost net income for the first nine months of 1989. A member of the Noranda group of companies, Minnova recorded net income of $4.4 million (31 cents…
Third quarter boosts Pioneer bottom line
Third-quarter earnings for Pioneer Metals (TSE) reached $355,000 or 1 cents per share for the period ended Sept 30. This reduces the company’s loss to $816,000 or 4 cents per share for the nine mont…
Montreal Exchange Mining issues shine (November 13, 1989)
Resource issues, responding to the rising price of gold, staged a recovery this past week. The mining and minerals index climbed a respectable 56 points, in contrast to the general market portfolio in…
Signing Session for Joubin’s book
Franc Joubin will autograph his recently published book Not for Gold Alone on Nov 17, 6:30-8 p.m. at The Pottery Shop, 140 Yorkville Avenue, Toronto. Joubin is an internationally known prospector and …
Metal Prices PRODUCER PRICES (November 13, 1989)
ALUMINUM: MW U.S. Market US79.00 cents – 80.00 cents per lb. (Oct 26, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…