Metal Prices FUTURES PRICES (November 23, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Nov. — — 102.35 — 2.85 Dec. 101.30 99.10 100.10 — 2…
News
Gold thieves still sought
At presstime, Ontario and Quebec Provincial police had still not caught up with the thieves who some weeks ago robbed the Virginiatown, Ont. gold mine of Golden Shield Resources. The bandits made off …
Audrey enters first quarter in the black
After successfully bridging the gap separating explorers from production companies, Rouyn- Noranda, Que.-based Audrey Resources has reported positive net earnings results for its first quarter as a Ca…
CIM awards
Donald McLeod, president of the Northern Group of companies (Northair Mines, Scottie Gold Mines, Newhawk Gold Mines) is the 1987 winner of the District 6 proficiency medal of the Canadian Institute of…
Revival in works for Hubert Lake
The new owner of Hubert Lake Ungava Nickel Mines has plans to revive the dormant mining company which was chartered in Quebec in 1957. Hubert Lake has been under a cease-trading order since May, 1985,…
Cheni doubles gold reserves at Toodoggone
Gold reserves at the Lawyers property have been almost doubled, project operator Cheni Gold Mines says. Located in the Toodoggone area of north central B.C., the property is being readied for producti…
Equity Silver profits higher
Profits for the first nine months for Equity Silver Mines rose to $3,916,000 or 13 cents per share on revenues of $60,593,000. This compares to a loss of $583,000 or 2 cents per share on revenues of…
Jonpol, T & H finish 18 holes
Partners Jonpol Explorations and T & H Resources have completed 18 diamond drill holes on their property 20 miles east of Matheson, Ont. Located in Garrison Twp., the property is being explored by thr…
Nevada, Noranda make significant find
The Grew Creek discovery of Noranda Exploration and Golden Nevada Resources appears to be the most significant gold discovery in the Yukon Territory in many years. And for Murray Pezim, Golden Nevada’…
Tusk in Cape Breton
Tusk Minerals has acquired a 100% interest in a 61-claim gold property on Cape Breton Island, N.S. Located 18 miles south of Sydney in the French Road area, the property was last explored more than 30…
Alberta Stock Exchange Del Rio diversifies
After weathering the October stock market debacle with its share price relatively unscathed, Calgary- based Del Rio Resources seems to be gaining some momentum again. The issue was up $1.38 to close a…
Redpath marks 25th anniversary
One of North America’s largest mining contractors and consulting engineers, J. S. Redpath, North Bay, Ont., recently celebrated a quarter century of service to the mining industry. In Canada alone, th…