Metal Prices FREE MARKET (March 27, 1989)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 21 Mar 20 Mar 17 Mar 16 Mar 15 Copper 1852-1857 1855-1860 …
News
Homestake, Esso, agree on price for Canadian mineral properties
A definitive agreement has been thrashed out between Homestake Mining (NYSE) and Esso Minerals Canada regarding the purchase of approximately 100 of Esso’s Canadian mineral properties. A Homestake sub…
Toronto Stock Exchange Inflation fears and rising rates hammer
Rising inflation and a move by the central banks to tighten credit sparked another day of selling as traders dumped most issues. The sell-off pushed the composite index to 3558.08 pts — off 20.1 pts …
COATS to become junior stock exchange: Task Force
The prospect of the Canadian Over-the-Counter Automated Trading System (COATS) becoming a full-fledged junior stock exchange is at least two years away says a government-industry task force report to …
Aylmer listed on ME
Recently listed for trading on the Montreal Exchange were the common shares of Aylmer Mines (symbol AML) of Aylmer, Que. President of the junior mining company, which can trace its origins back to 196…
Troymin reports property results (March 27, 1989)
Calgary-based Troymin Resources (ASE) reports no significant economic values were obtained from winter drill programs on its Berven Lake and Severson Lake properties in northern Saskatchewan’s La Rong…
Atlantic Report Low recoveries cause layoffs at Coxheath
Coxheath Gold Holdings (TSE) of Bedford, N.S., has laid off more than half its staff at its Tangier gold mine in Halifax Cty. Sixty-three workers have been let go from Nova Scotia’s most advanced mini…
Yellow Band options Diana Res. property
Diana Resources (VSE) has signed a joint venture agreement with Yellow Band Resources (VSE) involving the former’s 28-claim property in the Lac St. Jean area of Quebec. Yellow Band may earn up to a 50…
Metal Prices PRODUCER PRICES (March 20, 1989)
ALUMINUM: MW U.S. Market 97 cents – $1.00(US) per lb. (Feb 16, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.40-$6.60(US) per lb (Feb 16, 1989)….
Normetal drilling
Drilling on targets near old workings has resumed at the Normetal zinc-silver property in Perron and Desmeloizes twps. in northwestern Quebec, Normetal Mining Exploration (ME) and La Sarre Mining Expl…
Hudson Bay mining Chisel Lake crown
Zinc ore production from the crown pillar at the Chisel Lake mine in Snow Lake, Man., has hit its scheduled pace. Owner and operator Hudson Bay Mining & Smelting (TSE) reached planned production rates…
Baloil reports good results from old Kootenay producer
Calgary-based oil producer Baloil Resources (ASE) which recently diversified into metal exploration has reported some encouraging results from its Sumit claims in the Kootenay, B.C. region. Baloil is …