Metal Prices FUTURES PRICES (January 30, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jan160.00 155.70 155.70 — 3.00 Mar151.90 147.70 148.05 — 0.75 May139.30 137.00 13…
News
Dolly Varden has funding agreement
A funding agreement has recently been arranged between Yorkton Securities of Toronto and Vancouver-listed Dolly Varden Minerals (VSE). Under the agreement, Yorkton will provide for the distribution to…
Takeover threat doesn’t alter Falconbridge’s optimism
For Falconbridge Ltd. (TSE) and its inimitable chairman, Bill James, 1988 was one of those years when the gods appeared to be smiling. Riding on record high copper and nickel prices the Toronto base m…
Canyon financing
Canyon Resources Corp. (NASDAQ) has arranged a $20- million financing deal with Meridian Minerals. The cash will allow Canyon to place its jointly-owned Beartrack gold deposit in Idaho, in production….
Echo Bay mandate is to increase gold production
Echo Bay Mines (TSE), already North America’s fourth-largest gold mining company, has its sights set on achieving production over the one-million-ounce mark by the early 1990s. The Lupin mine, in the …
Octan completes Terra mine deal (January 30, 1989)
Calgary-based Octan Resources (ASE) has completed the acquisition of Terra Mines’ (TSE) Camsell River assets in the Northwest Territories which were shut down due to low silver prices in 1985. They in…
analysts’ Comments
A gold producer for more than 30 years, LAC Minerals (TSE) is faring quite well, thank you, and is on target to produce a half-million ounces gold by 1991, that figure not including output from the Pa…
Book Review (January 30, 1989)
Two new directories, Active Mines in Arizona and Arizona Exploration Offices, have been released by the Arizona Department of Mines and Mineral Resources to reflect both the condition of the Arizona m…
Base metals boom to last through to mid 1989
While the price of gold has been languishing in the $400(US) per oz range, base metals have been on a tear, in particular zinc and copper, and not forgetting nickel which had an unforgettable year in …
Prime Resources to trade in February
Shareholders of Delaware Resources Corp. (VSE) and Colossus Resource Equities (VSE) recently voted in favor of a business transaction that effectively merged the assets of two companies into a single …
Buyers back after a round of profit-taking Toronto Stock Exchange
Buyers came back today after a short bout of profit-taking earlier in the week. Traders tacked 12.96 pts to the composite index which closed at 3567.84 pts on volume of 26.1 million shares. Despite a …
Engineering studies under way for Meridian Beartrack deposit
Drilling is expected to resume on Meridian Gold Company’s Beartrack deposit (N.M., Dec 12/88) in early spring, said Raymond Threlkeld, regional exploration manager. In the meantime, engineering studie…