Metal Prices FUTURES PRICES (May 16, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 102.70 101.20 101.90 + 6.00 Jun 98.50 97.00 …
News
$500 million deal Placer to sell Falco stake
Gold-producer Placer Dome (TSE) wants to divest itself of its almost 25% interest in Falconbridge Ltd. (TSE), shareholders were told at Placer’s annual meeting which took place in Toronto. Placer has …
Editorial Doctors are hard to get
Getting adequate medical services, particularly a doctor in-residence, is just one of the many challenges that face some small mining communities in remoter areas of Canada, especially in the northern…
Skylark finds high grade gold at Finlay River land holdings
The executives at Skylark Resources, (VSE) Vancouver offices say they are encouraged by some high grade gold/silver discoveries at the Toodoggone gold camp in northern British Columbia. The latest dis…
Amax to expand Sleeper gold mine
The expansion of Amax Gold’s (TSE) Sleeper Mine near Winnemucca, Nev., is expected to add about 40,000 oz gold to the Colorado company’s annual gold production by 1989, the company said recently. Amax…
Toronto Stock Exchange Markets test post-crash lows following sell-
The post-crash rally, which saw almost 500 pts added to the TSE composite index since October, 1987, has all but disappeared over the past two months. Following a week of small but steady declines, th…
Granges’ Tartan mill shut down for repair
The milling operation at Granges Exploration’s (TSE) Tartan Lake gold project near Flin Flon, Man., has been shut down because of mechanical problems. Apparently an idler shaft in a rod mill cracked, …
Faith Mines starts drilling program
Faith Mines (VSE) has commenced an 8,000-ft diamond drill program on 7 1/4 mineral claims situated approximately 2,000 m east of Perron Gold Mines’ Sleeping Giant deposit in Chaste Twp., Que. Faith en…
Vancouver Stock Exchange Rate fearts send market down
Last week the federal government’s decision to extend and enhance flow-through (at least for juniors) was greeted with a big yawn; but the market has backed off since then and today it followed Toront…
Obituary William Bawden
William E. Bawden, a former chief engineer in the 1950s and 60s of the then-Ontario Department of Mines, inspection branch, has died at Port Hope, Ont., at age 90. A 1926 mining engineering graduate o…
Metal Prices FREE MARKET (May 16, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 10 May 9 May 6 May 5 May 4 Copper 1320-1330 1232-1234 1182-1184 1200-1202 1188-1190 Lead 337-339 …
Pegasus planning merger with U.S. gold producer
Although the company hasn’t abandoned its policy of developing new mines, Pegasus Gold (TSE) appears to have switched strategy, at least temporarily, to increase its gold output. Pegasus has entered i…