Metal Prices (November 21, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 Copper 1700-1705 …
News
Finor drill results
Confirmation of gold mineralization on Courville Twp. property located about 20 miles northeast of Val d’Or, Que., has been reported by Finor Exploration (ME). Finor, optioning the property from Parqu…
Franco-Nevada has improved quarter despite setbacks
Despite some market-oriented setbacks, the financial health of Toronto-based Franco-Nevada Mining (TSE) improved markedly during the second quarter of 1988. Franco-Nevada, which holds a royalty intere…
Inco shareholders to vote Dec 9 on recapitalization
The fate of a proposed recapitalization plan for Inco Ltd. (TSE) will be decided Dec 9 at a special meeting of shareholders. The $1-billion(US) recapitalization involves the payment of a special cash …
Freewest, Noranda test deeper targets
A drill hole (No 88-27) intersected 57.4 ft averaging 0.17 oz gold per ton at a vertical depth of 1,250 ft at the northeastern Ontario joint- venture Harker-Holloway project of Noranda Inc. (TSE) and …
Uranium giant plans major diversification
Within five years, 25% of revenues at Cameco — a Canadian mining and energy company — are expected to come from non-uranium sources, The Northern Miner learned during a series of wide-ranging interv…
Latest results from War Eagle disappoint market
What had been touted as a major new gold discovery in southwestern Idaho appears to have fallen short of expectations. Indeed, investors greeted the latest results from War Eagle Mining (VSE) with a m…
Orofino contemplates next move at remote Canuc bet
With all the results in now from a 10,000-ft drill program at the Canuc Resources (TSE) property in the Northwest Territories, Orofino Resources (TSE) is contemplating its next move. Orofino can earn …
Golden Tanager completes Pickle Lake area work
Surface exploration has been completed by Golden Tanager Resources (COATS) on its two Pickle Lake area gold properties. On the company’s 84-claim North Caribou property, located 166 km north of Pickle…
Muscocho companies to convert loans into common shares
Loans worth a total of $23.5 million from Echo Bay Mines (TSE) will be converted into common shares, Muscocho Explorations (TSE), Flanagan McAdam Resources (TSE) and McNellen Resources (TSE) report. T…
Price stability seen for metals in short-term
Reasonable stability for base- metal prices is expected at least for the next few months, and possibly for the next year or two, says the chief executive officer of the Mining Association of Canada. G…
Galactic/Can-Pacific in Chinese venture
Galactic Resources (TSE) is teaming up with another Vancouver company, Can-Pacific Rare Earths, to conduct exploration in China. The new company Galactic Resources China, will attempt to strengthen th…