Metal Prices PRODUCER PRICES (November 14, 1988)
ALUMINUM: MW U.S. Market $1.07-$1.09 per lb. (Oct 27, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $5.90-$6.00 per lb. (Oct 20, 1988). CADMIUM: New Yo…
1988
Tenajon seeks to buy Esso’s interest in SB
Surface diamond drilling on the SB property near Stewart, B.C. intersected a new zone parallel to the Main zone where operator Tenajon Resources (VSE) has been encountering impressive values in both p…
New consulting firm
Several professional mining engineers and geologists, formerly employees of Robertson & Associates, have established a consulting firm under the name Micon International Limited. The group, in recent …
Intl. Platinum options US properties
Toronto-based International Platinum Corp. (TSE) has optioned more platinum properties in the United States. The first is a 47-claim property covering some 2.9 miles of the layered Picket Pin reef loc…
Stratmin finds second client
A second buyer has been lined up by Stratmin Inc. (ME) for its Quebec graphite concentrates. The company says an agreement in principle has been reached with C. ITOH Ceramics Corp. of Japan whereby th…
Brenda improves profit (November 14, 1988)
Stronger copper and molybdenum prices were responsible for improved earnings at Brenda Mines (TSE). The Noranda-controlled company, which operates a copper/ molybdenum mine in British Columbia, realiz…
Spot prices at a glance (November 14, 1988)
Week’s Price (US) Change Gold (per oz) $419.50 + $ 7.00 Silver (per oz) $ 6.41 + $ 0.06 Platinum (per oz)$582.00 + $ 9.00 Copper (per lb) $ 1.51 — $ 0.02 Lead (pe…
Minnova boosts Laramide interest
Recently becoming a major shareholder of Laramide Resources (VSE) was Minnova Inc. (TSE) The precious and base metal producer bought 2.5 million shares of Laramide in a private placement at 90 per sh…
Financing (November 14, 1988)
Ontario Roxmark Mines — up to 4,000,000 offered @ 20 per sh to net $800,000. Amanda — opt exerc on 150,000 @ 45 per sh. Agio — 600,000 shs offered @ $2.48 per unit. Athabaska Gold — 500,000 shs …
Second Saskatchewan gold mine
This province’s second gold mine, just a stone’s throw away from the first, is up and running. Jolu, owned 30% by Corona Corp. (TSE) and 70% by International Mahogany Corp. (VSE), is in the tune-up ph…
Metal Prices FUTURES PRICES (November 14, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 149.00 149.00 148.80 + 0.40 Dec 144.00 140.30 142.30 + 0.40 Mar 120.35 118.00 119.1…
Agnico-Eagle to sell real estate holdings
A lucrative offer for Agnico-Eagle Mines’ (TSE) Ontario real estate holdings has proved too good to refuse. Agnico-Eagle says it will sell the holdings which include a parcel of industrial land in Sca…