FUTURES PRICES Metal Prices (February 13, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb133.50 133.50 133.50 — 10.90 Mar132.70 128.20 131.50 — 11.40 Apr126.30 126.30 126….
News
Westmont gold mine stepping stone for increased production in
Until the Ridgeway mine came on stream (N.M., Feb 6/88) Westmont Mining’s heap leach operation near here was the largest gold mine in South Carolina, a state that is fast becoming recognized for its g…
Editorial The long-term view
There’s a discouraging rumor regarding the effectiveness of flow-through financing that is taking on the patina of truth in non-mining circles. You’ve probably heard it: “Flow-through funding hasn’t r…
New $1.2 M program for Vault claims
A 1989 work program budgeted at $1.2 million has started on the Vault property near Okanagan Falls, B.C. Inco Gold Ltd. (TSE) owns 60% and is operator, while Seven Mile High Resources (VSE) holds a 40…
Drilling resumes at Mishi Lake gold project
Diamond drilling has resumed on the Mishi joint venture property owned by partners MacMillan Gold Corp (VSE) and Granges Exploration (TSE). The 22,500-acre gold property is located in the Mishibishu L…
Editorial A tenuous connection
The Bank of Nova Scotia is being criticized for its involvement in a $4.4-billion loan to Minorco, the Luxembourg-based company that made a takeover bid for Consolidated Gold Fields last year. Minorco…
Metal Prices (February 13, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 7 Feb 6 Feb 3 Feb 2 Feb 1 Copper 1703-…
Vancouver Stock Exchange Gold’s slump doesn’t slow trading
It has been said the two main things (outside of good promotion) that drive the Vancouver market are good drill results and healthy metal prices, particularly gold. Although the yellow metal is still …
Wrightbar’s plans for Bourlamaque placed on hold until better
Development plans for Wrightbar Mines’ (ME) Bourlamaque gold property near Val d’Or, Que., have been put on hold. President W. J. Cluff said the project operator, Belmoral Mines (TSE), has been asked …
Enthusiasm for Int. Viking sparked by magic of Pezim
The appearance of International Viking Resources on the Alberta Stock Exchange was greeted recently with a degree of enthusiasm not usually afforded to a new Alberta listing. But it was the man behind…
Noranda venture arm buying shares in firm
The venture capital arm of Noranda Inc. (TSE), Noranda Enterprise, reports it intends to increase its holdings in Diabrasive International of Montreal by purchasing up to 200,000 common shares (a 2.1%…
Spot prices at a glance (February 13, 1989)
Week’s Price (US) Change Gold (per oz) $390.40 –$ 1.60 Silver (per oz) $ 5.88 +$ 0.06 Platinum (per oz) $529.25 +$10.00 Copper (per lb) $ 1.41 –$ 0.09 …