Orleans drilling
Favorable drilling results have been released by Orleans Resources (ME) from the Tangier property (East block) in Nova Scotia located 51 miles northeast of Halifax. Orleans is earning a 50% interest i…
News
Metal Prices FUTURES PRICES (November 14, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 149.00 149.00 148.80 + 0.40 Dec 144.00 140.30 142.30 + 0.40 Mar 120.35 118.00 119.1…
Fire at Belmoral mine destroys change room
Mining crews at the Ferderber mine of Belmoral Mines (TSE) at Val d’Or, Que., missed a shift recently following a fire which destroyed the mine change facilities and assay office. No injuries were rep…
Inco Gold to Increase Stake in High River
The proceeds of a private placement by Inco Gold (TSE) will be used by High River Resources (VSE) to fund exploration programs on the Snow Lake property located 100 miles west of Thompson in northern …
Toronto Stock Exchange Free trade concerns keep index flat and
A much-expected Republican election victory combined with concerns of a Liberal government in Canada kept the market twitching nervously. After a couple of days of steep declines earlier in the week w…
United Keno losing miners
A shortage of skilled miners and low metal prices are affecting silver production at the Elsa Mine, located 500 km north of Whitehorse, Yukon Territory. The Elsa silver mine, owned and operated by Uni…
New consulting firm
Several professional mining engineers and geologists, formerly employees of Robertson & Associates, have established a consulting firm under the name Micon International Limited. The group, in recent …
Minnova boosts Laramide interest
Recently becoming a major shareholder of Laramide Resources (VSE) was Minnova Inc. (TSE) The precious and base metal producer bought 2.5 million shares of Laramide in a private placement at 90 per sh…
Timmins report Hollinger headframe removed
The old central shaft headframe of the Hollinger Consolidated gold mine, now owned by Giant Yellowknife Mines (TSE) was blasted and tied up with cables and pulled to the ground, recently. It took seve…
Spot prices at a glance (November 14, 1988)
Week’s Price (US) Change Gold (per oz) $419.50 + $ 7.00 Silver (per oz) $ 6.41 + $ 0.06 Platinum (per oz)$582.00 + $ 9.00 Copper (per lb) $ 1.51 — $ 0.02 Lead (pe…
Montreal Exchange Uneasy investors react
Election jitters seem to have gotten to investors this week, with the market well off and the value of the Canadian dollar dropping. Published voter- preference polls showed the Liberals with a comman…
Metal Prices (November 14, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Nov 8 Nov 7 Nov 4 Nov 3 Nov 2 Copper 1849-1…