DRX sells Randsburg claims to Echo Bay
Having sold a portion of its Randsburg, Calif. gold claims to the U.S. exploration wing of Echo Bay Mines (TSE), New York-based DRX Inc. is contemplating what to do with the proceeds. DRX is a holding…
1988
Metal Prices FUTURES PRICES (November 21, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 142.70 136.60 136.90 — 11.90 Dec 135.80 129.50 …
Uranium giant plans major diversification
Within five years, 25% of revenues at Cameco — a Canadian mining and energy company — are expected to come from non-uranium sources, The Northern Miner learned during a series of wide-ranging interv…
Monte Carlo Gold president resigns
Gordon Leliever, former president and major shareholder of Monte Carlo Gold Mines (ASE) has sold his control block of Monte Carlo shares to a group of investors headed by Robert Salna of Richmond Hill…
Golconda Res. trades heavily before testing Morning Glory
An announcement that Golconda Resources (ASE) is about to start drilling on the Morning Glory gold property in Idaho sparked a high degree of interest in the Calgary company recently. In a day of heav…
Graphite drawing an exploration crowd (November 21, 1988)
Yet another Canadian mining company has entered the search for graphite. Quebec-based junior Mazarin Inc. (TSE) plans to spend almost $1.1 million between now and next May exploring for graphite, as w…
Orofino contemplates next move at remote Canuc bet
With all the results in now from a 10,000-ft drill program at the Canuc Resources (TSE) property in the Northwest Territories, Orofino Resources (TSE) is contemplating its next move. Orofino can earn …
Price stability seen for metals in short-term
Reasonable stability for base- metal prices is expected at least for the next few months, and possibly for the next year or two, says the chief executive officer of the Mining Association of Canada. G…
Noranda purchases Crown Butte shares
Recently exercising its option to purchase 250,000 shares of Crown Butte Resources (VSE) at $2.40 per share was Noranda Inc., which now owns 18.4% of the former. Earlie thi year Norand acquire …
Toronto Stock Exchange Free trade concerns keep index flat and
A much-expected Republican election victory combined with concerns of a Liberal government in Canada kept the market twitching nervously. After a couple of days of steep declines earlier in the week w…
Gold and platinum can be found in some ore
The Oct 17th issue of The Northern Miner recently carried an article by Professor Jerry White addressing the promotion of precious metals stocks by “boiler room sales promotions” (N.M., Oct 17/88 Mini…
Lead/Zinc conference
Metals Week’s second lead-zinc conference will be held on March 6-7, 1989 at The Pointe at Squaw Peak in Phoenix, Az. For more information contact Mary Ann Whalen at (212) 512-2823.