Galactic earnings drop
A delay in the start of the 1988 mining season and debenture issue costs totalling $1.932 million(US) led to a seasonal second quarter loss of $4.348 million for Galactic Resources (TSE), up considera…
News
Books Register gets bigger
The book which has gained the high reputation over the past few years as a wealth of resource information, has just been published in its updated version. Register of Australian Mining (1988/89) by Ro…
Spot prices at a glance (September 15, 1988)
Week’s Price (US) Change Gold (per oz) $421.90 $5.10 Silver (per oz) $6.51 $ Platinum (per oz) $524.00 $2.00 Copper (per lb) $1.13 + $0.06 Lead (per lb) $0.28 $ Z…
Trend to smaller mines worries union
The boom and bust cycles of mining are expected to continue with even more dramatic swings than in the past say a team of researchers for the United Steelworkers of America. The union’s research team …
Inco’s first gold mine opens
While pouring the first gold bar from the East zone of their Golden Pond project in the Casa Berardi region of northwestern Quebec, Inco Gold and Golden Knight Resources (TSE) announced drill results …
Metal Prices Boost Equity Silver Revenues
While first half earnings for common shareholders slipped this year from the comparative 1987 period, Equity Silver Mines (TSE) said revenues from silver, copper and gold improved over those of 1987 d…
Tenajon Intersects High Grade Gold on S.B. Property
Since the glory days of the old Premier mine north of Stewart, a belief persists among the local mining fraternity that had this corner of British Columbia been a little less rugged and a little more …
Metal Prices FREE MARKET (September 15, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Sept 13 Sept 12 Sept 9 Sept 8 Sept 7 Copper 1446-1448 140…
Atlantic Gold drilling increases proven reserves in Idaho
Partners Atlantic Goldfields (COATS) and Jascan Resources (TSE) are considering what to do with their combined 45% interest in the Noxon silver-copper deposit, now that an agreement to sell their inte…
Nickel falls to near $5
The roller-coaster ride nickel has been on this year took a downturn recently when the morning spot price of the base metal fell to $5.08(US) per lb on the London Metal Exchange (LME) and the 3-month …
Geddes pulls 61 ft on Windy Craggy
Geddes Resources (TSE) reports that a recently completed underground drill hole on its Windy Craggy property in northern British Columbia has intersected 60.8 ft grading 0.13 oz. gold, 0.10 oz silver …
Newmont drilling at Claude’s Ithingo
A diamond drill program has started on the Ithingo Lake gold property in northern Saskatchewan. Operated by Newmont Mining, the project is held under option from Claude Resources (TSE). Newmont has th…