Value of output from metal mines up 26% in 1988
Canadian total metallic mineral output in 1988 increased in value by 25.8% to $13.8 billion from $11.0 billion according to a recent estimate by the department of Energy, Mines and Resources. The grea…
News
Quarry operator part of Asarco
A subsidiary of Asarco Inc. has purchased a limestone quarry operator in Virginia. The wholly-owned subsidiary, American Limestone, paid about $2.1 million(US) for Acme Stone, whose quarry is located …
First CEIP applications expected this spring
The first applications to the Canadian Exploration Incentive Program (CEIP) are being expected by late April, Peter McLean, Director of CEIP says. The applications will mark the beginning of the new e…
Placer Dome has 3 gold mines to open in 1989
In Canada and increasingly abroad, Placer Dome (TSE) is viewed with a certain amount of reverence — and probably with good reason. Over the years, it has managed to identify, develop, and turn a prof…
Base metals boom to last through to mid 1989
While the price of gold has been languishing in the $400(US) per oz range, base metals have been on a tear, in particular zinc and copper, and not forgetting nickel which had an unforgettable year in …
Prime Resources to trade in February
Shareholders of Delaware Resources Corp. (VSE) and Colossus Resource Equities (VSE) recently voted in favor of a business transaction that effectively merged the assets of two companies into a single …
Mineable reserves up 50% at Neptune’s Colomac bet
Neptune Resources’ (TSE) huge Colomac gold project has just got bigger. Results of a 45,000-ft infill drilling program has enabled the company to announce a 50%-reserve increase at the Northwest Terri…
Editorial Investing in mining’s future
Canada faces a crisis in its ability to maintain a robust metal mining industry, and the cause of the crisis may be more deeply rooted than many are aware. Canadian Mining Association President Norm…
Nevada Goldfields Aurora mill could be utilized by Freeport
An underground drilling program is under way at the southeastern end of Nevada Goldfields’ (NASDAQ) Kingston mine property near Austin, Nev., and initial results from the work are encouraging, says Al…
Montreal Exchange Trading action brisk
Investors were out in strong force during the week, with daily trading volumes ranging between 6.2 million and 9.75 million shares, and both the market portfolio and mining and minerals index capturin…
INSIDER TRADES (January 30, 1989)
American Ore — G. Oughtred bought 800,000 (Niv) @ 30 cents to hold 905,000. Bitech — Pamiba Est. sold 100,000 (Dec) @ 33 cents to hold 457,754. Broulan — H. Grightmire bought 30,000 (Dec) @ $1.62 …
Metal Miners welcome the pressures of prosperity
Mining companies are riding the crest of the economic cycle these days, operating near full capacity and getting the best prices in years for most metals. Base metal miners are enjoying prosperity the…