Editorial The Loony’s not a lame duck
If you can believe recent press reports, Canadians are reacting with a considerable lack of enthusiasm to the new $1 dollar metal coin, introduced just a few months ago (early July, to be exact). One …
News
Orofino’s Scadding back in production
Milling operations have resumed at Orofino Resources’ Scadding mill near Sudbury, Ont. The operation was suspended on Oct 14 due to a damaged ball mill. A replacement unit has been installed and tuned…
Louvem earnings (November 30, 1987)
Louvem Mines reports net earnings of $1.1 million on revenues of $7.1 million for the 6-month period ending Sept 30, compared with earnings of $109,000 on revenues of $7.9 million for the same period …
Yukon Min., Perrex discover 40 veins at Ketza silver bet
Forty veins ranging in width from two to 50 ft have been uncovered at the Ketza silver property in the Yukon, joint-venture partners Yukon Minerals and Perrex Resources report. Grades of grab samples …
Board change at Zahavy
The completion of effective control of Zahavy Mines was carried out by Noramco Mining Corp. The old board of Peter George, president, A. J. Lewis, general manager and R. G. Lewis, secretary-treasurer,…
Metal Snips (November 30, 1987)
While a Japanese cosmetics firm reports it has available a synthetic mica, substitution of natural mica in foundation and face powder by the new material does not appear imminent: it costs four times …
Metal Prices PRODUCER PRICES (November 30, 1987)
ALUMINUM: MW U.S. Market 79.50 cents -82.00 cents per lb. (Nov 12, 1987). ANTIMONY: New York dealer $1.08-$1.12 per lb. (Nov 12, 1987). BISMUTH: New York dealer $4.75-$4.85 per lb. (Nov 12, 1987). CA…
Kimex offering
Value of an offering carried out by Kimex Resources recently admitted to trading on the Montreal Exchange (symbol kmx), was $450,000. Kimex, with offices in Rouyn- Noranda, Que., owns three properties…
Alberta Stock Exchange (November 30, 1987)
In recent trading sessions, positive drill results from Jilbey Industries’ Fontana gold property near Amos, Que., has kept the issue buoyant while others have floundered. As if to emphasize that, Jilb…
Vancouver Stock Exchange Goldbrae moves up a dime
Analysts who predicted that gold stocks would lead the market recovery could be right; but there’s some question whether stocks will return to the somewhat inflated multiples we saw earlier. Reflectin…
Goldpost shares
Goldpost Resources reports it intends to purchase through a normal course issuer bid up to 100,000 of its common shares representing about 2% of its issued and outstanding capital stock.
Metal Prices FUTURES PRICES (November 30, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Nov. 112.30 112.30 113.55 + 11.20 Dec. 112.00 107.30 111.30 + 11…