Letters to the Editor Opposed amalgamations
Re: your article on Kiena, Sigma and Placer (N.M., June 20/88): After the Ontario Securities Commission denied our request for a hearing in the matter of the amalgamations of Placer Dome with Kiena an…
News
Placer Dome controls Craibbe-Fletcher Gold (June 27, 1988)
While no further work is contemplated at the present time on the Red Lake area gold property of Craibbe-Fletcher Gold Mines (COATS), at such time as access can be provided from the underground working…
Chelsea output second highest
Approximately 1,100 tons of ore grading 0.38 oz gold per ton was processed by Chelsea Resources (VSE) during May at its Spotted Horse mine near Lewistown, Mont. Fernando Nuflo- Moya, a company directo…
Vancouver Stock Exchange (June 27, 1988)
Trading volume has slowed considerably in the face of higher interest rates, a stronger Canadian dollar, and weaker gold prices. Many people were hoping that Huntington Resources Brett discovery near …
Brex announces gold discovery
First discovery of gold on the Desjardins property located 18 miles north of Quevillon, Que., has been announced by Brex Exploration (ME). President Claude Britt said two gold lenses were uncovered wi…
Metal Prices PRODUCER PRICES (June 27, 1988)
ALUMINUM: MW U.S. Market $1.26-$1.32 per lb. (June 2, 1988). ANTIMONY: New York dealer $0.98-$1.02 per lb. (June 9, 1988). BISMUTH: New York dealer $5.55-$5.70 per lb. (May 12, 1988). CADMIUM: New Yor…
SherrGold exceeding production forecasts
The MacLellan gold mine owned by SherrGold Inc. (TSE) is performing so well that recent production forecasts have been improved by the company. Speaking at the annual meeting in Toronto, Stephen Datte…
Fewer graduates portends problems for mining
One of the major challenges facing today’s mining industry lies in building a continuing supply of young engineers — not only in mining and metallurgy but in other disciplines such as electrical and …
Metal Prices FREEMARKET (June 27, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date June 14 June 13 June 10 June 9 June 8 Copper 1376-1380 1430-1432 1555-1560 1525-1540 1480-1485 Lea…
Not enough platinum to meet demand
Demand for platinum in 1987 exceeded 3 million oz for the first time, international metals company Johnson Matthey reports in its publication Platinum 1988. On the other hand, there was a shortfall in…
Obituary (June 27, 1988)
R. Anthony (Tony) Barker, who was in charge of AMAX’s Canadian exploration activities during the late 1950s and 1960s, died recently in an automobile accident in Portugal. Born in Vancouver in 1924, B…
U.S. REPORT Progress toward amalgamation of Crown, Gold Texas
Negotiations are progressing towards an amalgamation of Crown Resource Corp. (NASDAQ), Gold Texas Resources (VSE), and Gold Capital Corp. (Spokane). Specific details of the merger are pending awaiting…