News in Brief (August 08, 1988)
Coeur D’Alene reports net income of $3.6 million(US) on revenue of $17.7 million during the second quarter of 1988 compared with $2.5 million on revenue of $9.9 million for the same period in 1987. Ne…
News
Investment Comment High grade ore makes Skyline a buy
It isn’t often that a company can contemplate a production decision with reserves of less than 130,000 tons in the ground. But at the Johnny Mountain gold property in northwestern British Columbia, th…
Obituaries Thomas J. McQuillan
Thomas J. McQuillan, one of British Columbia’s best known prospectors , died at White Rock, B.C. recently after a lengthy illness. He was 70. McQuillan was born in Nanaimo and, as a young man, worked …
Metal Prices FREE MARKET (August 08, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug.2 Aug. 1 July 29 July 28 July 27 Copper 1219-1221 1214-1216 1251-1253 1224-1226 1231-1233 Lead 346-3…
Trust fund sought for royalties owed Larch and McKinnon
Net smelter royalties owed to prospectors John Larche and Donald McKinnon from claims staked at the Hemlo gold camp in northern Ontario have not been paid since legal action was started by Scintilore …
Metal Prices PRODUCER PRICES (August 08, 1988)
ALUMINUM: MW U.S. Market $1.24-$1.28 per lb. (July 28, 1988). ANTIMONY: New York dealer $0.99-$1.05 per lb. (July 21, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New …
Magma Copper profit is up
Magma Copper reports net income of $11.7 million(US) or $0.31 per common share on revenue of $136.2 million during the second quarter of 1988 compared with $7.5 million, which contained a pension sett…
Power negotiating joint ventures
With two joint venture agreements arranged, junior mining firm Power Explorations (TSE) is looking to negotiate similar deals with other mining companies to bring its various properties in northwester…
B.C. gives grants to prospectors
Grants to help 136 mineral prospectors have been approved under the British Columbia government’s half-million-dollar prospectors’ assistance program. “B.C.’s mining industry depends on active explora…
Toronto Stock Exchange Mining indices slip, despite gold’s rebound
The volume of shares traded on the TSE this week was characteristic of this time of year — below the yearly average at 15.9 million. The TSE 300 composite index slipped 87.34 points on the week to cl…
Tenajon encounters encouraging values
Underground exploration at Tenajon Silver’s (VSE) SB property 19 miles north of Stewart, B.C., has encountered encouraging gold values along with massive sulphide mineralization. Tenajon, the operator…
Petromet Res. pins hopes on ex-Consolidated Rambler bet
There aren’t many junior explorers around which can walk into an exploration property and expect to be in production within a year. But that is the position which Petromet Resources (TSE) and joint ve…