News


Water tas may scuttle Trail smelter expansion

At least a 25% increase in refined zinc production is being considered by Cominco Ltd. (TSE) at its Trail smelter operations, Robert E Hallbauer, president, told reporters after the annual meeting. Bu…


Queenstake grants option on Mar bet

A diamond drilling and surface sampling program will be carried out this summer on Queenstake Resources’ Mar gold property following an option agreement with Can Pro Development. Can Pro, a private B….


Teck earnings up (May 02, 1988)

For the quarter ended March 31, Teck Corp. (TSE) reported net earnings of $14.5 million or 18 cents per share compared to $6.7 million or 6 cents a year earlier. Six-month earnings ending the same d…


CROSS-CUTS Going it alone in the Yukon

Do you have the driving ambition to start your own little gold mine but lack the wherewithal to pull it off? There is help for you in the form of a paper entitled A Study into the Feasibility of Small…


Minnova awards feasibility study

The feasibility study for Minnova Inc.’s (TSE) Samatosum project, which includes joint venture partner Rea Gold Corp. (VSE), has been awarded to Kilborn Engineering of Vancouver. The study will determ…



Tax dispute solvable: Falconbridge

A first-quarter 1988 profit of “only” $35.2 million, or 45 cents a share, could have been as much as $8 million more had it not been for the company’s troubles in the Dominican Republic, William James…


Jerome, Muscocho need reserve increase soon

With a November deadline to consider, Jerome Gold Mines (ASE) and Muscocho Explorations (TSE) are currently working against the clock to prove up enough reserves to place the old Jerome mine near Sway…


La Sarre sued

La Sarre Mining Exploration (ME) of Rouyn-Noranda, Que., reports it is being sued by a private landlord for $305,806 for alleged damage to trees during an exploration program on La Sarre property in n…


Metal Prices PRODUCER PRICES (April 25, 1988)

ALUMINUM: MW U.S. Market $1.11-$1.21 per lb. (Apr 7, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.70-$5.85 per lb. (Mar 24, 1988). CADMIUM: New York…


Amir, Glamis drill California gold bet

A 10,000-ft drill program completed by Glamis Gold (VSE) and Amir Mines (VSE) on lands they are joint venturing in Imperial Cty., Calif., has resulted in discovery of a new gold deposit, Amir Presiden…


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