A year to remeber
It seems like a bear’s age since Newmont Mining pulled a 1,040-ft hole averaging 0.495 oz gold per ton on its Post deposit in Nevada, but it’s really been less than a year. It’s been a year that would…
News
Tight market foreseen for platinum
An announcement by automaker Ford in the United States that it is developing a catalytic converter for motor vehicle emission control which doesn’t require platinum recently sent the market into a tiz…
Golden Dragon Res. options Matheson area gold property
A 25-claim gold property in Bond Twp., near Matheson, Ont., has been acquired by Golden Dragon Resources (VSE). The property covers the western extension of a fault zone which extends from the Harker-…
Dickenson acquires Wharf shares
Dickenson Mines (TSE) has acquired an additional 349,300 common shares, or 2%, of Wharf Resources (TSE) through purchases on the Toronto Stock Exchange. Dickenson now owns 6,030,411 common shares, or …
Query Brewis Red Lake revived as cosmetics distributor
I have a stock certificate for 500 shares of Brewis Red Lake Mines Ltd., purchased in 1945. I am trying to find out if this mine is still operating, and if so, what name it is now under. Christine Hum…
Letter to the Editor Are economic sanctions against South Africa
I read your analysis of the Hudson Bay Mining and Smelting operation with some interest. In your editorial Flin Flon shouldn’t suffer for apartheid (N.M., Oct 3/88) by stating “. * * Take any action t…
Cyanide producers expanding to meet growing market
New North American plant capacity for the production of cyanide, the sodium and calcium variety, is in the works. Both E.I. du Pont (sodium) in the United States and Cyanamid Canada Inc. (calcium) hav…
U.S. REPORT Amalgamation to consolidate Kettle River mine interests
Shareholders meetings scheduled for mid-January, 1989 are expected to result in the amalgamation of affiliated companies, Crown Resource Corp. (NASDAQ), Gold Texas Resources (VSE) and Gold Capital Cor…
John Hansuld – 1988’s Mining Man of the Year
In an industry where the brightest geologists often go unrewarded with even one major discovery, the development of a gold mine is considered an achievement not to be taken lightly. So when a junior r…
Metal Prices FUTURES PRICES (December 26, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Dec 159.50 156.00 158.90 + 6.90 Mar 136.90 133.90 136.00 + 7.00 May 127.50 125.80 126.9…
Northgate, MSV in financing deal
Northgate Exploration (TSE) has agreed to provide MSV Resources (ME) with a financing package totalling $6.5 million. This includes a $5.2-million bridge facility which must be paid back by April 30, …
Genesee Coal mine opens in Alberta
Fording Coal Limited has officially opened the Genesee Coal mine ahead of schedule and under budget. Located 55 km south-west of Edmonton, Alta., the Genesee Coal mine forms part of the Genesee Power …