NO-FRILLS PRODUCER
American Barrick’s wholly-owned Camflo mine 12 miles west of Val d’Or, Que., rates but one page in the company’s 62-page, 1987 annual report. Barrick’s Mercur and Holt-McDermott mines and the Nevada g…
News
Hedging their bets (October 03, 1988)
A falling gold price might normally cause gold-mine operators to shudder, but recent developments in bank-related financing and hedging techniques have afforded a degree of protection to big and small…
The Golden Highway FOLLOWING THE BREAK
On the side of a tavern along Highway 66 near Kirkland Lake, Ont., the sign reads “Go with the Flow.” The diamond drillers along the Golden Highway that runs from Timmins, Ont., to Val d’Or, Que., dea…
Cambior, Audrey sell gold forward
Two mining companies in northern Quebec, Cambior Inc. (TSE) and Audrey Resources (TSE), recently revealed details of forward sales of production. Cambior will deliver, during the last four months of 1…
Law DUE DILIGENCE
The phrase “due diligence” is familiar to most people in the business world, but how many people really know what it means? To the average business person, the phrase indicates an extensive, comprehen…
Metal Prices PRODUCER PRICES (October 03, 1988)
ALUMINUM: MW U.S. Market $1.115-$1.14 per lb. (Sept 22, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.25 per lb. (Sept 8, 1988). CADMIUM: New Y…
MSV buying out Eastmain partner
Quebec junior MSV Resources (ME) plans to go it alone at the Eastmain gold project near James Bay. MSV has announced it has entered into an agreement with project partner Placer Dome (TSE) to purchase…
More production likely at Harker Holloway gold camp
Until American Barrick Resources (TSE) opened its Holt-McDermott gold mine in an extravagant ceremony recently, Ontario’s Harker- Holloway area hadn’t seen a new mine for as long as any of the guests …
Homestake chairman sets optimistic tone for AMC convention
Describing it as the “dawn of a new day for the American mining industry,” Homestake Mining Chairman Harry Conger set the tone for what was certainly an upbeat American Mining Congress convention here…
Rio Algom adding to uranium reserves
A letter of intent has been entered into between Rio Algom (TSE) and Kerr-McGee Corp. of the United States whereby Rio Algom will acquire uranium properties owned by Kerr-McGee in Wyoming and all the …
Suppliers’ Notes (October 03, 1988)
Wajax Industries of Etobicoke, Ont., has been made the exclusive Canadian distributor for a product line of underground mine communication equipment designed and manufactured by Stolar Inc. of Denver,…
Northern Manitoba exploration activity continuing
In the Flin Flon-Snow Lake area of northern Manitoba exploration activity is continuing strong. In fact, it is the most actively explored greenstone belt in the province. The belt’s favorable geology …