Spot prices at a glance (November 07, 1988)
Week’s Price (US) Change Gold (per oz) $412.50 + $ 5.00 Silver (per oz) $ 6.35 + $ 0.10 Platinum (per oz) $573.00 + $34.00 Copper (per lb) $ 1.53 + $ 0.04 Lea…
News
Annual meeting
The program planned for the 1989 Society of Mining Engineers annual meeting and exhibit includes technical sessions, three special symposia, three short courses, several field trips and an expanded ex…
Hope Brook Gold’s quarterly results
After selling 41,850 oz gold from its mine in southwestern Newfoundland, Hope Brook Gold (TSE) reported net income of $2.8 million or 10 per share during the first nine months of 1988. Revenues for t…
Study finds new uses for Ontario industrial minerals
Some of Ontario’s industrial minerals could find new uses as substitutes for foreign-produced materials in the manufacture of china tableware, a recent study has concluded. The study, entitled Fine Ch…
FUTURES PRICES Metal Prices (November 07, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 148.50 147.50 148.40 — Dec 144.30 138.00 141.90 + 7.50 Mar 121.00 116.30 119.40 — …
Letters to the Editor Rock mechanics research improving mining
Your Oct 17th editorial presents an opportunity for comment. The mining industry operators have understood, for some time, the need to “involve rock mechanics engineers in the mine design process.” A …
Corona hunting for diamonds
Corona Corp. (TSE), better known for its gold production, is getting into the diamond game. Corona has acquired an option giving it the right to earn a 70% interest in a 35,000-acre property held by C…
Duration hopeful it will regain control of lost Theresa bet
While ownership of the Theresa gold property near Longlac, Ont., has been transferred to J. S. Redpath Ltd. of North Bay, Ont., the president of Duration Mines (TSE) has not given up hope of reclaimin…
Editorial Wasting our assets
Mining’s a funny business. It is based on what is unsentimentally referred to as a “wasting asset” and therein lies both the boon and the bane of the industry. It’s the blessing of the industry in t…
Wharf amalgamation is `essential’ for Dickenson
President of Toronto-based Dickenson Mines (TSE), John Kachmar says the planned amalgamation with Wharf Resources (TSE) is an essential cornerstone of his company’s future. The Wharf merger and an acq…
Change of guard at Breakwater
A change of guard at Breakwater Resources (TSE) suggests the company could eventually fall under the control of Corona Corp. (TSE). Ned Goodman, the chairman of Corona, was recently appointed to Break…
New Discovery In Toodoggone
A high grade gold and silver discovery was made by Energex Minerals (TSE) on its JD property (eight miles east of the Al project), part of the company’s wholly-owned Toodoggone project in north-centra…