PRODUCER PRICES Metal Prices (October 31, 1988)
ALUMINUM: MW U.S. Market $1.055-$1.095 per lb. (Oct 20, 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 Y…
1988
Japan’s Nippon looking for gold
Nippon Mining Company, Japan’s largest producer of copper, is now exploring for precious metals in North America through a subsidiary based in Reno, Nev. A few years ago, Nippon made the decision to b…
Brunswick earnings
Net earnings from operations of $6.76 million (19 per share) were reported by Brunswick Mining and Smelting (TSE) for the third-quarter of 1988 compared with $17,000 for the same period last year. Val…
Gold Standard Mercur suit is old-fashioned slugfest
A court case involving Gold Standard Inc. (NASDAQ) and American Barrick Resources (TSE) has turned into a legal slugfest. The dispute involves the Mercur mine in Utah in which Gold Standard presently …
Toronto Stock Exchange Small but steady gains help index advance
A spate of buying has crept back in the markets as evidenced by the steady gains in the composite index. Today’s 5.67-pt advance moved the composite to 3,430.15 pts — up 50 pts for the week. Today’s …
ERG opens huge tailings project (October 31, 1988)
An ambitious 17-year mine tailings project which could see the recovery of 110,000 oz gold during the first full year of operation in 1989 has been officially placed into production by ERG Resources (…
NSR/Nova Cogesco agreement completed
An agreement has been completed between NSR Resources (TSE), Nova-Cogesco Resources (ME) and Belmoral Mines (TSE) which gives Belmoral the right to mine and continue exploration of the Rand Malartic p…
Letters to the Editor CANMET, NSERC studies at UBC
We would like to express our thanks for the timely article under “Environmental Politics” on the editorial page of the Sept 12 issue, referring to CANMET’s activities in this important area. Although …
Futures Prices Metal Prices
N.Y. Commodity Exchange Copper (in UScents per lb Oct 141.00 139.10 139.40 +1.40 Dec 137.50 130.50 134.40 +6.60 Jan 132.00 130.00 128.40 — Silver (in US cents per oz) Oct …
HudBay may shut down without government help
South African-controlled Inspiration Resources (TSE) of New York is playing hardball with the Manitoba and federal governments over a $130-million modernization plan for the metallurgical complex in F…
Vancouver Stock Exchange Drill hole adds some zip to market
After what seemed to be a long dry spell in discovery, War Eagle Mining put some zip back in the market when it reported a 275-ft interval grading 0.161 oz gold and 1.58 oz silver per ton from a depth…
CIL restructured by Imperial
C-I-L Inc has been restructured by its parent Imperial Chemical Industries PLC. The move includes the establishment of a world explosives business headquarters in Canada. ICI purchased a 27% interest …