Letters to the Editor NovaGold’s fatal flaw
Leaving aside the negative impact of the Western Mining-Seabright Resources dispute, the dragged-out uncertainly over flow- through and the general skepticism over Nova Scotia gold prospects, the Nova…
News
Editorial What’s in a name?
The Mining Association of Canada’s initiative in calling for a major research program to improve the management of mines’ tailings is an important one. Raising the issue and offering to pay a major pa…
Feasibility Study Near For QR Gold Deposit
A $1-million program ending in a feasibility study on the QR gold deposit near Quesnel, B.C., is scheduled for completion in early 1989 by QPX Minerals (VSE). According to Tim Ryan, president, a produ…
Stan West pours gold at McCabe in Arizona
First gold has been poured at Stan West Mining’s (TSE) McCabe mine, a former producer three miles west of Humboldt, Ariz. A study by the consulting firm of Derry, Michener, Booth and Wahl indicates th…
Corona reports first consolidated earnings
Consolidated earnings of $18.8 million (12 cents per share) before unusual and extraordinary items, or $15.7 million (10 cents per share) after unusual and extraordinary items, were reported by Coron…
HudBay thriving on better metal prices, exploration success
Shipment of copper and zinc concentrates to Hudson Bay Mining & Smelting’s (TSE) aging metallurgical complex here should pick up significantly in the remaining months of 1988. And long-term supplies s…
Investment comment Audrey Resources’ a “near-producer” with good
Speculating on a penny miner that’s punched a few holes in the ground and turned up decent widths at a respectable grade can be exhilarating. You can revel in the stock’s rising price or, conversely, …
Battle Mountain to drill Australian gold property
Drilling is scheduled to begin this month at Battle Mountain Gold’s (TSE) Fullstop property in Queensland, Australia. The company has the right to earn a 51% interest in the 105 sq m property for an e…
letters to the Editor Nfld government takes step to boost
The news that the Newfoundland government has taken steps to boost exploration in that province is indeed welcome (N.M., Sept 19/88). As part of the provincial government’s program, financial incentiv…
Franco takes for sale sign off Goldstrike royalty bet
Toronto-based Franco-Nevada Mining (TSE) has taken the For Sale sign off its Goldstrike royalty asset. Priced at $180 million, Franco- Nevad a’s 4% net smelter return and 5% net profit royalty in …
Indian band halts Eldor’s drilling
An Indian band in northwestern Ontario recently put a halt, temporarily at least, to drilling by operator Eldor Resources on property at Windigo River. According to Staff Sgt. Reg Weeks of the OPP det…
Metal Prices PRODUCER PRICES (September 26, 1988)
ALUMINUM: MW U.S. Market $1.125-$1.215 per lb. (Sept 15, 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 …