Cominco funds nickel smelter rehabilitation
Cominco Resources’ (TSE) wholly-owned subsidiary, Cominco American Resources, has approved funding to rehabilitate the smelter at the Glenbrook nickel facility in Riddle, Ore. Glenbrook Nickel, a 100%…
News
Glen Auden/Placer sign agreement
Glen Auden Resources (TSE) has signed a letter of intent giving Placer Dome (TSE) the right to earn a 51% interest in Glen Auden’s Verse Lake property near Timmins, Ont. Placer can earn its interest b…
Metal Prices FUTURES PRICES (June 05, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun113.50 113.40 113.60 — Jul116.40 114.00 114.50 + 3.90 Sep114.30 112.40 112.80 …
IOCC GOLD OPTIONS (June 05, 1989)
Options Open Series Volume Last Interest Aug 370 C 273 9.00 345 Aug 380 C 639 5.00 900 Aug 390 C …
Editorial Resentment
In the wake of the federal budget, G. D. Dickson, a reader from North Vancouver, B.C., has reminded us of a poem by Robert Service. In the last stanza of his poem, Resentment, after he has described t…
CoCa acquisition precursor to higher gold production
Recognition in the gold mining industry is usually a function of how many ounces you produce. So the recent purchase by CoCa Mines (NASDAQ) of Geodome Resources is an important acquisition for the com…
Alberta Stock Exchange Prices, volumes low
Although gold recovered slightly this week from its recent malaise, concerns about the strength of the U.S. dollar kept volumes low and prices down. Moss Resources President Harry Hodge said he would …
Bidger to build gold mine in Chili
A Chilean firm has been contracted to build a 200 ton-per-day mine and mill complex for Bridger Resources’ (VSE) on the company’s La Pepa gold property in Chile. Vancouver-based Bridger recently signe…
Eagle River Hemlo’s future `cornerstone’
The fast-developing Mishibishu gold camp, 32 miles west of here, is expected to make a significant contribution to Hemlo Gold Mines’ (TSE) investment objective of doubling its revenues within the next…
Metal Prices PRODUCER PRICES (June 05, 1989)
ALUMINUM: MW U.S. Market US94.50 cents – 98.50 cents per lb. (May 25, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.30-$6.45(US) per lb (Ma…
Commodity price index in 3-month decline
The all-commodity price index of Scotiabank fell by 1.3% in April, the third straight monthly decline. A sharp drop in industrial metal prices contributed to the fall. Economist Patricia Mohr writes t…
Crofoot mine production boosts Granges earnings
Granges Exploration (TSE) reported net income of $655,000 in the first quarter, compared to a $250,000 loss for the same period a year earlier. The latest results included gold production from the com…