A new $179-million nickel mine is expected to begin production by 1993, Inco Ltd. (TSE) says. Construction of the facility, known as McCreedy East in the Levack area of the Sudbury Basin in Ontario, w…
Carolin Mines continued making advances for the week ended Dec 5, trading as high as $1.60 before a sell-off forced the issue back to 80 cents on Dec 4. The company plans to examine the possibility o…
A geophysical program carried out on the Bardome base metals property north of Val d’Or, Que., was completed recently by partners Val d’Or Resources (ME) and Abcourt Mines (ME). Val d’Or Resources is …
Wrightbar Mines (ME) says copper stringer mineralization has been intersected in a 1,600-ft drill hole on the southern half of Wrightbar’s Bourlamaque Twp. property east of Val d’Or, Que. The announce…
Toronto-based Costigan Gold (COATS) is undergoing a reorganization which will see the company raise $300,000 through a private placement. The funds will be used to conduct a diamond drilling program o…
The Vancouver Stock Exchange has requested officials of Prime Resources (VSE) and Calpine Resources (VSE) to provide shareholders with a new valuation opinion for the proposed merger between the two c…
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 5 Dec 4 Dec 1 Nov 30 Nov 29 Copper 1517-1519 1…
Week’s Price (US) Change Gold* $402.05 –$ 8.70 Silver* $ 5.54 –$ 0.07 Platinum* $498.75 –$16.60 Nickel** $ 3.92 –$ 0.25 Lead** …
Joint venture partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) are planning a $600,000 exploration program this winter on their Scott Lake zinc-copper property near Chibougamau, Que…
Zinc and lead production is scheduled to begin in January, 1990, from the Gays River project owned by Westminer Canada, the 100% owned affiliate of Western Mining, an Australian mining company. The st…
Gold bullion prices went on a rollercoaster ride this week but managed to stay above the psychologically important $400(US) mark. Today’s second fix today, Dec 6, was $402.85 in London. The bout of vo…
An advanced gold project in northern Tanzania, East Africa, has caught the eye of Placer Dome (Kahama), a wholly owned subsidiary of Placer Dome (TSE). The Placer Dome subsidiary recently signed an ag…
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