News

First Idaho moves ahead at Montana leach property

Development work is under way at the San Francisco gold property near Philipsburg, Mont., First Idaho Resources (VSE) said recently. First Idaho’s U.S. subsidiary Grand Trunk Resources, holds a 50% in…


Orion start-up costs cut Malartic earnings

Start up costs at Malartic Hygrade’s (VSE) Orion gold mine near Val d’Or, Que., and an unrealized U.S. dollar exchange loss, reduced the company’s earnings during the first half of 1988, Malartic anno…


Aur earnings decrease

On target to begin production at the Kierens zone gold deposit near Val d’Or, Que., later this month, Aur Resources (TSE) of Toronto has reported a drop in its 9-month earnings. Earnings before deferr…



Metal Prices PRODUCER PRICES (September 12, 1988)

ALUMINUM: MW U.S. Market $1.27-$1.29 per lb. (Aug 25, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.15 per lb. (Aug 25, 1988). CADMIUM: New Yor…


Newmont’s Carlin output could rival South Africa

Predictions that the Carlin gold belt of here could eventually rival South Africa as a gold producer can’t be discounted given the reserves found there by companies like Newmont Gold Company. As The N…


Inco consolidating 3 mill operations

The consolidation of three milling and concentrating operations in the Sudbury, Ont., area will be carried out by giant nickel producer Inco Ltd. (TSE) at a capital cost of $69 million. Affected by th…


Uranium’s future tied to political events

Global uranium production is expected to remain below consumption for several more years as inventories are depleted, writes Nuexco, a uranium brokerage firm in the United States, in a recent monthly …




$4.7 million for Wilanour property

A $4.7 million underground exploration effort has been approved for the Wilanour property near Red Lake, Ont. Partners include Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE) with 50%, Wilanour…


Alberta Stock Exchange Biron bucks trend

In the last vestiges of a long hot summer, the retail-oriented Alberta Exchange is still waiting for a fall buying spree to pull the market out of its current state of lethargy. Volumes continued to b…


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