PRODUCER PRICES Metal Prices (August 28, 1989)
ALUMINUM: MW U.S. Market US81.00 cents – 82.00 cents per lb. (Aug 17, 1989). ANTIMONY: New York dealer US90 cents -95 cents per lb. (Aug 10, 1989). BISMUTH: New York dealer $4.95-$5.10(US) per lb. (A…
News
Westmin to joint venture SB project with Tenajon
Recent negotiations between Westmin Mines (TSE) and Tenajon Resources Corp. (VSE) have culminated in an agreement whereby Westmin is to spend $2.4 million to explore, develop and bring to production T…
Mishibishu trio set to amalgamate
Three Vancouver companies with equal interests in a recent gold discovery west of Mishibishu Lake, Ont., are planning to amalgamate. The companies — Caribbean Resources (VSE), Exmar Resources (VSE), …
Encouraging results by Orofino, Canuc
Completion of a 20-hole summer drilling program representing 5,733 ft at the Coronation Gulf gold project in the Northwest Territories was recently reported by Orofino Resources (TSE). Seventeen holes…
Historic plaque tuide
History buffs will be interested in a new publication listing the more than 1,000 historical plaques in Ontario. Many of the plaques deal with the province’s rich mining heritage. Examples include a p…
Vancouver Stock Exchange Pezim revives beleaguered VSE
With the help of some spectacular assay results from the Eskay Creek gold project in northwestern British Columbia, Vancouver’s irrepressible Murray Pezim is credited with being a one man revival band…
Wrightbar directors oppose amalgamation with Belmoral Mines
The proposed amalgamation of junior company Wrightbar Mines (ME) with Belmoral Mines (TSE) appears to have entered troubled waters. Wrightbar reports three of the company’s five directors have indicat…
Bid anticipated for Kerr copper-gold deposit
The “for sale” sign posted on the Kerr copper- gold project near Stewart, B.C., has piqued the interest of at least 26 major mining companies. Earlier this summer Western Canadian Mining Corp. (VSE) r…
Metal snips (August 21, 1989)
The world’s major tin producer- nation last year was Brazil, the U.S. Bureau of Mines in Washington, D.C., reports. In second place was Indonesia, with Malaysia, usually leading the pack, falling to t…
Newmont halts $425 million deal with Peabody Holdings
Uncertainty regarding the future of Peabody Holding Co., has forced Newmont Mining Corp. (NYSE) to cancel its plan to extract $425 million(US) from the coal company. Denver-based Newmont, which holds …
Vancouver Stock Exchange prime Resources leads upbeat market
Recent market activity on the Vancouver Stock Exchange has been dominated by companies in Murray Pezim’s Prime Capital fold, particularly those active in northwestern British Columbia where the summer…
Stroud seeking new acquisitions
The current weak market for precious metals isn’t preventing Stroud Resources (TSE) from continuing to build reserves on two of its key gold properties in northern Ontario. At the recent annual meetin…