Minerals shipped world-wide
More than 80% of Canada’s mineral production is shipped to markets around the globe, making the country the world’s largest exporter of minerals, reports the Mining Association of Canada. The country …
News
Montana silver mine back in production
Production has resumed at the Black Pine silver mine near Philipsburg, Mont., Inspiration Resources reports. Operations were suspended at the U.S. mine site in March, 1986, because of low silver price…
Nuinsco on schedule in Cameron project
Following the recommendations of partner Echo Bay Mines, Nuinsco Resources expects to move into the ore zone on its Cameron Lake gold project faster than the company had anticipated. At a cost of $3.6…
Oasis reaches financing deal
Oasis Resources has reached agreement with Ressources cmp 1987, Ressources cmp 1987 Quebec and Deductible Opportunities Funds 1987 for the financing of the Delta platinum project in northern Quebec. T…
April action hot
For the fourth consecutive month, a new record level was established on the Toronto Stock Exchange for share volume traded in any one month. In April, shares traded rose to 761.4 million, a 3.1% incre…
Metal Prices FUTURES PRICES (May 25, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 67.15 66.25 66.90 — 1.10 July 66.45…
Pine Point seeks interest in mine
With operations in the Northwest Territories expected to cease in 1988, Pine Point Mines is negotiating a 40% interest in Cominco’s Polaris mine in the High Arctic. Noting that the company is now in t…
Brosnor plans exploration work on 3 properties
A $3-million exploration program for 1987 has been announced by Brosnor Exploration for three Quebec properties. The Louvicourt Twp. gold property in northwestern Quebec will be the site of most of th…
Toronto Stock Exchange Gold soars higher on skittish U.S. dollar
The disturbing tumble of the U.S. dollar and the failure of the Fed to effectively curtail the free fall by boosting interest rates, continues to fuel the stellar performance of gold bullion. The pric…
Financing, listing for Colray Res.
A $2.5-million financing and a listing on the Toronto Stock exchange has assured Colray Resources of adequate funds for a major expansion activity in some of its Canadian projects. The Saskatoon, Sask…
Metal Prices FREE MARKET London Metal Exchange (May 25, 1987)
Spot closing prices in Pound Sterling per tonne Date May 19 May 18 May 15 May 14 May 13 Copper 916.50-917.50 922-923 922-923 905-906 916.5-917.5 Lead 412-415 …
Feds table blueprint to aid Canadian mining
Minister of State for Mines Gerald Merrithew has unveiled here a new federal mineral policy, which presents a 6-point program designed generally to help get the mining industry in Canada back on track…