Metal Prices FUTURES PRICES (April 24, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr143.25 142.00 142.80 + 1.80 May141.10 139.10 140.90 + 0.90 Jul133.50 131.50 …
News
Higher cost won;t stop Golden Bear
Although capital costs have almost doubled to $70 million since the initial feasibility study, North American Metals (VSE) and Chevron Minerals will proceed with the development of their Golden Bear p…
Dofasco ups stake in Quebec Cartier
Hamilton-based steelmaker Dofasco Inc. (TSE) says it has agreed to purchase the remaining 75% interest in Quebec Cartier Mining Co. from USX Holdings of New York for an undisclosed sum. Last month, Do…
Editorial The right to mine
The following is from a presentation on mining law in Canada by Reginald Tays, property manager at Falconbridge Ltd. Most prospectors have always felt that if they acquired title to a mining claim, …
Agnico expects to suspend silver production in June
Unless the price of silver increases dramatically from its recent trading price of $5.80(US) per oz, Agnico-Eagle Mines (TSE) plans to suspend silver production in June. After shutting down its three …
Ekaton feasibility due
A technical and financial feasibility study for a kaolin production facility is expected to be completed by the end of April, Ekaton Industries (TSE) says. The company anticipates plant construction b…
New LME tin contract to start in June
The London Metal Exchange (LME) will begin trading in a new tin contract June 1. LME Chief Executive Michael Brown said a decision to resume tin trading after more than three years was made by the exc…
Vancouver Stock Exchange Red Fox active, high flyers drop
While the Vancouver market remained in the doldrums over the past week, brokers and investors here are taking note of a recent upswing in trading activity in New York and Toronto. A lukewarm economy a…
USMX reduces loss as revenues increase
The successful start-up of the Green Springs gold mine in Nevada has generated improved financial results for USMX Inc. (NASDAQ) in 1988. The Colorado-based company reported a net loss of $55,000(US) …
Falconbridge bid values Raglan at about $56 million
Falconbridge Ltd. (TSE) is making an offer to acquire the remaining 26% interest of New Quebec Raglan Mines (TSE) that it doesn’t already own. The bid includes a $5.36 per share cash offer, or one Fal…
New Golden Sceptre active in Mexico
New Golden Sceptre Minerals (TSE) and New Goliath Minerals (TSE) recently completed a diamond drilling program on the Matarachi gold property in northern Mexico. The two companies report a total of 91…
Ownership of top gold mine still awaits court’s decision
The Page-Williams mine in the Hemlo area of Northern Ontario turned out 378,943 oz gold in 1988, the largest single gold-mining operation in Canada that year. Information about the mine is contained i…