Spot prices at a glance (May 02, 1988)
Week’s Price (US) Change Gold (per oz) $449.10 — $ 8.90 Silver (per oz) $ 6.37 — $ 0.10 Platinum (per oz) $518.50 — $16.50 Copper (per lb) $ 0.97 — $ 0.03…
News
From the centre IDEAS THAT PAY
Editor’s note: The key operating people at any Canadian mine and mill were once concerned almost solely with meeting production quotas. Not anymore. At the better operations, getting more work out of …
Continuous mining
TUNNEL-BORER Following more than a year of discussions and planning, Falconbridge Ltd., Placer Dome and Boretec Inc. may be on the verge of launching a proposed $2-million venture to design and build …
Tantalum symposium
An international symposium on tantalum and niobium is being organized for Nov 7-9 at Orlando, Fla., by the Tantalum-Niobium International Study Centre. The centre reports the last symposium on tantalu…
People (May 02, 1988)
Ontario Ministry of Northern Development and Mines — John B. Gammon appointed director, mineral development and lands branch; Andrew J. Freyman, senior policy advisor.
Metall Mining posts 9-month earnings
Metall Mining (TSE) benefited from strong metal prices in the last quarter of 1987 to post net income of $17.3 million or 46 cents per share for the nine months ended Dec 31. That includes extraordina…
NEGOTIATIONS The Ground Rules
The Ontario Court of Appeal, in the case between Lac Minerals and International Corona Resources, has made most of the mining industry acutely aware of the concept of negotiation in mining deals. In e…
What’s new Clarification
In our January issue we announced that Wagner Mining Equipment of Portland, Ore., is marketing an electrical-powered scoop equipped with a 1/2-cu-yd bucket and a diesel-powered scoop of the same size….
Stay of execution still possible for flo-through funds
Members of the mining exploration community received some indication here last week that the federal government is about to back down from its plan to weaken flow-through shares. Robert Jones, directo…
Val d’Or, Abcourt pleased by results
Encouraging drill results have been reported by Val d’Or Resources (ME) and Abcourt Mines (ME) from the northern part of the Vendome property located 30 miles north of Val d’Or, Que., and three miles …
Letters to the Editor Inaccuracies and misinterpretations
We are appalled by the inaccuracies and misinterpretations in the two articles in your April 15 issue relating to recent agreements between Echo Bay Mines and three companies of our group. Your front-…
Reserves lower than expected at Granges gold bet
Reserves at the Tartan Lake gold project of Granges Exploration (TSE) and Abermin Corp. (TSE) may be lower than the “drill-indicated grade originally set out in the feasibility study,” says Abermin pr…