metal Prices FUTURES PRICES
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US} per lb.) Jun 109.00 108.50 108.50 — 3.00 Jul 106.80 102.90 …
News
Nugget effect could mean higher grades at McFinley
There seems to be little doubt that the third gold producer in the Red Lake, Ont., gold camp will be up and running in October. Located at Bateman Twp., about five miles north of the defunct Cochenour…
Miners help kids
Mining companies and their employees in British Columbia and The Yukon contributed close to a quarter of a million dollars during a recent Telethon campaign to raise funds for Vancouver’s Children’s H…
Platinum price surges
The price of platinum jumped 24% during the first five months of 1988, from $469.30(US) per oz in January to $615.70 on May 31. Strong demand from Japan for jewelry and investment purposes combined wi…
Balcor drilling extends depth
Diamond drilling has extended the depth of the North Shoot discovery at Balcor Resources’ (VSE) Lasthope deposit in Manitoba. Hole No 175 returned 11.6 ft of 0.26 oz gold and No 180 yielded 10.7 ft of…
Toronto Stock Exchange Summer rally pushes index near record high
Ground continues to be gained by the stock market which closed just shy of the 3,400-pt mark today. The market rally, which began several weeks ago, has added more than 200 pts to the composite index,…
Akaitcho still benefitting from Supercrest operation
With only about 80,000 tons remaining in two deposits, the Supercrest gold mine couldn’t be described as one of the Northwest Territories’ larger operations. A joint venture project involving Akaitcho…
Orex, Onitap make plans for Goldboro
A surface and underground exploration program costing an estimated $7.5 million is being undertaken this year on the Goldboro property in Nova Scotia by Orex Exploration (ME) and Onitap Resources (TSE…
Breakwater buys into Noramco
In a deal that involves $6 million in cash and $14.8 million in shares, Breakwater Resources (TSE) will become the largest corporate shareholder in Noramco Mining (TSE). Howard Gougeon, vice-president…
Equinox studying chance of new mill
Operating cash flow for Equinox Resources for the six months ended April 30 was $605,000 or 14} per share. Total exploration and capital expenditures were $2.9 million of which $402,000 was expended o…
Mohave bids with Homestake for Nelson land position
Calgary-based Mohave Gold (ASE) recently poured the first 7-lb gold/silver dore bar from a tailings project at Eldorado Canyon mine in Nevada where the company is bidding against Homestake Mining for …
Vancouver Stock Exchange Drill intersections spur trading
The Vancouver market has finally come down to earth after Huntington Resources reported a spectacular drill intersection (N.M., June 13/88) grading 2.0 oz gold over 235 ft. After reaching a high of $5…