PRODUCER PRICES Metal Prices (January 30, 1989)
ALUMINUM: MW U.S. Market $1.06-$1.09 per lb. (Jan 19, 1989). ANTIMONY: New York dealer $1.00 cents -$1.03 per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75 per lb. (Jan 5, 1989). CADMIUM: N…
News
Antelope/Bryndon Rossland properties
A drill indicated mineral inventory has been calculated for three separate zones of gold mineralization found on the Rossland project in southeastern British Columbia, a 50/50 joint venture involving …
COATS Trading Features (January 30, 1989)
Chance Mining was active again this week, trading 127,000 shares in the 59 cents -76 cents range. The company retains a 10% net profits interest in property owned by Falconbridge Ltd nearby the Timmi…
Teeshin stake in Redstone
Teeshin Resources (VSE) has signed a letter of intent with Timmins Nickel, a private company, giving it the right to buy 3.5% of Timmins’ interest in the Redstone nickel deposit. Located near Timmins,…
Bema Gold plans full scale production at Champagne mine
Assuming receipt of all necessary permits, the Champagne heap leach mine near Arco, Idaho, is officially scheduled to begin life as a year-round gold and silver producer in June, 1989. Bema Gold Corp….
Slow growth forecast for iron ore, steel
It hasn’t been the easiest of times for the iron ore and steel industries, despite steel being what Roskill Information Services of London calls the basic raw material of industrial society. The miner…
Metal Prices (January 30, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 24 Jan 23 Jan 20 Jan 19 Jan 18 Copper …
Rio Algom’s corporate strategy emphasizes mining
Rio Algom Ltd. (TSE) has been in a transition period since late 1987 when its former chairman, George Albino stepped down. His departure represented a major turning point for the company, which has si…
Canyon financing
Canyon Resources Corp. (NASDAQ) has arranged a $20- million financing deal with Meridian Minerals. The cash will allow Canyon to place its jointly-owned Beartrack gold deposit in Idaho, in production….
Echo Bay mandate is to increase gold production
Echo Bay Mines (TSE), already North America’s fourth-largest gold mining company, has its sights set on achieving production over the one-million-ounce mark by the early 1990s. The Lupin mine, in the …
Book Review (January 30, 1989)
Two new directories, Active Mines in Arizona and Arizona Exploration Offices, have been released by the Arizona Department of Mines and Mineral Resources to reflect both the condition of the Arizona m…
Hemlo Lawsuit hasn’t hindered Corona’s growth
When a major mining company states emphatically its objective is to be a low-cost precious metals producer, it makes sense any new exploration projects it becomes involved in will follow along the sam…