PRODUCER PRICES (October 12, 1987)
ALUMINUM: MW U.S. Market 83.50 cents -86.00 cents per lb. (Oct 1, 1987). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Sept 3, 1987). BISMUTH: New York dealer $4.75-$4.90 per lb. (Sept 17, 1987). CA…
News
SMDC/Troymin find gold at Berven project
The Saskatchewan Mining Development Corp.(smdc) has discovered several new gold occurrences with gold mineralization of up to 1.43 oz gold per ton at the Berven Lake project in La Ronge, Sask. The Ber…
Court upholds Hemlo decision
Ownership of the biggest gold mine in Canada has moved another — and possibly the final — step towards International Corona with the loss of Lac Minerals’ appeal against the initial judgment. Lac ma…
New financing for Wrightbar
A new flow-through financing worth $4 million has been arranged by Wrightbar Mines, with Imex 1987 Ltd. Partnership, for exploration work on the company’s Bourlamaque property in northwestern Quebec. …
Belmoral names new chairman
A new chairman and chief executive officer has been named at Toronto-based Belmoral Mines. Kenneth Dalton, who was the company’s executive vice-president and chief financial officer, assumes the top p…
Metal Prices (October 12, 1987)
FREE MARKET .HLondon Metal Exchange .LSpot closing prices in Pound Sterling per tonne Date Oct. 6 Oct. 5 Oct. 2 Oct. 1 Sept. 30 Copper 1156-1157 1159-1160 1131-1133 1138-1140 11…
tusk minerals aims to acquire New Que. Platinum
Tusk Minerals tsk-ase of Calgary has entered into an agreement to make an offer to acquiree all of the shares of New Quebec Platinum, a Calgary-based mineral exploration company. Under the terms of th…
Augmitto pleased by drill results
Recently completed underground drilling in the central portion of the Beauchastel property near Rouyn-Noranda, Que., has returned encouraging values, Augmitto Explorations reports. Hole 87-B5-53, over…
OMA changes titles
Adopting structural changes similar to those made by other such associations, the Ontario Mining Association has altered executive titles. Patrick Reid, who was formerly executive director and chief e…
Coats Trading features
In a trading week which produced what analysts called a “mixed bag” of gains and losses, Exxeter Resources emerged as the big winner. After trading at around the 15 cents range last week, the issue w…
Goldteck offering raises $6,105,000
Gross proceeds from a recently completed public offering of 1.35 million class A units and 2 million class B units were $6,105,000, Goldteck Mines reports. Each class A unit consists of one 1987 depos…
Teachers see mining in first- hand tours
The mining industry in Ontario, through the Ontario Mining Association, has made a determined effort to acquaint the province’s teachers with the size, scope and importance of the industry. The oma s…