The leg of a rally appears to be developing, as equity markets enjoyed one of there best weeks in months. The prospect that interest rates are set to slide lower is a catalyst. Also, the combination o…
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 1 Feb. 29 Feb. 26 Feb. 25 Feb. 24 Copper 1220-1222 1175-1180 1205-1210 1261-1263 124…
Recently listed for trading on the Montreal Exchange was Globex Mining Enterprises of Rouyn- Noranda, Que. (symbol gmx). The company, incorporated in 1949, has interests in two properties in northwest…
Government funding assistance for new developments should be conditional on meeting environmental standards, says a senior Inco executive. “There is no way that we should have the taxpayer’s money bei…
A 12,000-ft drilling program is being carried out by Carlson Mines and its joint- venture partner Black Gregor Explorations on their Hemlo-Marathon property, north of Lake Superior, Ont. The program, …
Partners NSR Resources of Toronto and Nova-Cogesco Resources say they are just two months from a feasibility study at the Rand Malartic project in Fourniere Twp., Que. The joint venturers are executin…
Levesque Beaubien Inc. will test the financial waters “in the next little while,” to raise exploration funds for NovaGold Resources, The Northern Miner has learned. The geological consulting firm Watt…
Two new mineralized zones have been discovered and the potential exists for a third gold showing at the Union Mining-New Bidlamaque gold property at Val d’Or, Que., Mazarin Inc. reports. Mazarin, whic…
Prices for cadmium have taken off and reached record levels. Metals Week was recently quoting a U.S. dealer price range of $6.80- $7.10 per lb for the silver-white metal. A tight market is the primary…
After reporting losses of $27.7 million in 1986, bad luck continues to plague Toronto-based Sherritt Gordon Mines. Almost as soon as the company had written off the money-losing Ruttan copper-zinc min…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 93.90 92.20 93.10 + 2.00 May 89.00 …
Having whetted his appetite for gold during unsuccessful bid for control of Newmont Mining Co., Texas oilman T. Boone Pickens is back in the hunt for another major gold producer. The target this time …
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