Metal Prices FREEMARKET (June 27, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date June 14 June 13 June 10 June 9 June 8 Copper 1376-1380 1430-1432 1555-1560 1525-1540 1480-1485 Lea…
Articles by Northern Miner Staff
Ronrico reports four new zones
At least four new gold-bearing zones have been identified at the Simkar project located near Val d’Or, Que., Ronrico Explorations (VSE) reports. President D.J. Kemp says management estimates probable …
Not enough platinum to meet demand
Demand for platinum in 1987 exceeded 3 million oz for the first time, international metals company Johnson Matthey reports in its publication Platinum 1988. On the other hand, there was a shortfall in…
Gold production up, Cambior boosts profit
Gold production by Cambior Inc. (ME) has increased to 42,986 oz in the first quarter of this year from 30,439 oz produced during the same period last year. The big improvement was reflected in the com…
Grab samples
Annual meetings, under normal circumstances, provide shareholders with the opportunity to meet management, ask questions and get updated on past performance and future company plans. Naturally, one as…
Federal geologist
A story in last week’s edition (N.M., June 13/88) on exploration activity in the east Arctic should have identified Jacobus (Ko) Griep as the geologist for the Keewatin district in the Northwest Terri…
Letters to the Editor No shares involved
There is an error in your May 20 edition story on American Pacific Mining (page 21). The story notes that the El Mochito mine in Honduras was purchased by APM from Rosario Resources, an AMAX subsidiar…
Muscocho aims to boost output
With the Magino gold mine ready to pour its first bar this month, and the Magnacon gold mine on stream for production during the first quarter of next year, Muscocho Explorations (TSE) is aiming to tu…
Pamour selling stake in Canadian Arrow
In the midst of a corporate restructuring, Pamour Inc. (TSE) is selling its 46.4% interest in Canadian Arrow Mines (TSE) to First Toronto Capital, a merchant banking company. Shareholders of Canadian …
Miners help kids
Mining companies and their employees in British Columbia and The Yukon contributed close to a quarter of a million dollars during a recent Telethon campaign to raise funds for Vancouver’s Children’s H…
Platinum price surges
The price of platinum jumped 24% during the first five months of 1988, from $469.30(US) per oz in January to $615.70 on May 31. Strong demand from Japan for jewelry and investment purposes combined wi…
Akaitcho still benefitting from Supercrest operation
With only about 80,000 tons remaining in two deposits, the Supercrest gold mine couldn’t be described as one of the Northwest Territories’ larger operations. A joint venture project involving Akaitcho…