metal prices
FREE MARKETLondon Metal ExchangeSpot closing prices in $US per tonneDateFebruary 27 February 26 February 23 February 22 February 21Copper2530-2532 2535.5-2536.5 2542-2545 2548-2550 2512-2514Lead7…
1996
Banner year reported for Phelps Dodge in ’95
With almost all operations turning in stellar performances, Phelps Dodge (NYSE) coasted through the end of the fourth quarter to post yet another record in net income.In 1995, the company raked in US$…
New Goldcore resumes drilling at Clinton
Drilling has resumed at the Clinton copper-zinc project of New Goldcore Ventures (ME).The Clinton property is situated in the Eastern Townships area of Quebec. It encompasses the past-producing Clinto…
Chapleau Res. drills for base metals in N.B.
Northern New Brunswick is the focus of base metal exploration by several junior companies, including Chapleau Resources (VSE), which is carrying out drilling and geophysical work on the Shingle Gulch …
Noranda moves to acquire rest of Brenda Mines and Kerr Addison
Diversified miner Noranda Mines (TSE) revealed plans this week to buy up those shares of Brenda Mines (TSE) and Kerr Addison Mines (TSE) that it does not already own.Noranda, which owns 52.1% of Kerr …
Conversion of Weights and Measures (March 04, 1996)
1 troy ounce = 31.1 grams1 kilogram = 32.15 troy ounces1 kilogram = 2.2046 pounds1 (metric) tonne = 1,000 kilograms1 (metric) tonne = 2,204.6 pounds1 (short) ton = 2,000 pounds1 (metric) t…
Rayrock buys shares, warrants to make Brazilian investment
Toronto-listed Rayrock Yellowknife Resources has, by way of a private placement, made a $1-million investment in Brazilian Resources (CDN).Rayrock will receive shares, warrants and, subject to shareho…
Lower copper prices will affect Asarco
The belief that copper prices will continue their downward slide leads New York-based investment firm J.P. Morgan to predict sharply lower earnings for Asarco (NYSE).Morgan revised its forecast for co…
Meetings (March 04, 1996)
March 11, Int’l TME — annual, generalMarch 11, McNickel — annual, generalMarch 11, Pan Pacific Gold — annual, generalMarch 12, Ellios — annual, generalMarch 12, Espalau — annual, generalMarch 12,…
Chase adds to its holdings in Philippines
An agreement with Philippine-based Allah Copper Porphyry gives Chase Resource (TSE) the right to earn a 75% interest in the Allah property on south-central Mindanao Island.The Allah property adjoins C…
Junior partners to resume diamond search in Ontario
Drilling will resume on the diamond property in New Liskeard, Ont., belonging to Vancouver-listed partners Consolidated Pine Channel Gold and JNR Resources.Much of the property, which contains the OPA…
Novicourt posts healthy profits
The first year of production at the Louvicourt mine in Quebec has generated net earnings of $4.8 million, or 11 cents per share, for Novicourt (TSE) for the last quarter of 1995.For the year, the comp…