Metal Prices (April 24, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 18 Apr 17 Apr 14 Apr 13 Apr 12 Copper 1803-18…
News
Teck’s 1988 net earnings set record in 75 years of mining
Record cash flow, record earnings, and record gold production highlight Teck Corporation’s (TSE) latest annual report, if viewed only from a financial perspective. But because 1988 represented its 75t…
FINANCING (April 24, 1989)
ONTARIO Mountain Beaver Res — final rec iss offer 2,650,000 @ 56 cents per sh to net $848,000. Windy Mountain Expls — final rec iss offer 1,239,700 @ $1.50 per sh to net $1,043,009.20. VANCOUVER Bur…
Falconbridge to exhaust reserves at Owl Creek bet
Reports that one of Falconbridge Gold’s (TSE) two producing gold mines will run out of ore later this year should not be construed as cause for alarm, says Chairman Brian Ferguson. Open pit reserves a…
Metal Prices FUTURES PRICES (April 24, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr143.25 142.00 142.80 + 1.80 May141.10 139.10 140.90 + 0.90 Jul133.50 131.50 …
Diepdaume financing for Timmins projects
Toronto-based Diepdaume Mines Ltd. (VSE) proposes to issue 500,000 units representing one million flow-through shares (one unit two shares) at 60 cents per unit, provided it gets approval from all app…
Gold funds as of April 18
BGR Goldcorp Central MVP Capital Net value$12.05 % 9.08% 6.51% 0.70 Price$ 9.50 % 4.80 % 5.88% 0.45 Discount$21.16% 47.1 % 9.8% 35.7% Value$71,752,706.16 159,253,000 …
Asquith completes Shining Tree work
An exploration program consisting of 21 diamond drill holes has been completed by Asquith Resources (COATS) on the company’s Shining Tree, Ont. gold properties. On the Buckingham mine claims, the comp…
DRX calls meeting of McFinley Mines
New York-based DRX Inc. (NASDAQ) has called for a special meeting of shareholders of McFinley Red Lake Mines (TSE) in Toronto, June 12. DRX, which controls over 800,000 common shares of McFinley, r…
Second life for old mine
A zinc-copper mine in eastern Nevada could be up and running again this year after a 109-year shutdown. The Ward Mountain property, which can trace its beginnings back to 1870, was operated for 10 yea…
Montreal Exchange Stratmin moves up
Canada’s most profitable mining company was the most active issue on the Montreal Exchange this week. Inco gained a dollar to close at $36.12 on 400,000 shares traded as it reported first-quarter net …
Trader completes drilling
A diamond drill program has been completed by Trader Resources (TSE) on a gold property in Macklem Twp., east of Timmins, Ont. Recommendations as to the size and scope of future exploration work will …