Cliff’s Olinghouse nears production
Toronto-based Cliff Resources says it is progressing toward production at its Green Hill gold mine at the Olinghouse district, northwest of Reno, Nev. Financed with a project loan bridged to a gold lo…
News
metal Prices PRODUCER PRICES (March 07, 1988)
ALUMINUM: MW U.S. Market 101.00 cents – 105.00 cents per lb. (Feb 25, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (Feb 18, 1988). …
Exploration ’88 TECK
Teck Corp.’s strategy in 1986 and 1987 was to revitalize its portfolio of properties through deals with junior companies that take advantage of the flow-through share funding so readily available to t…
Profile A MINE-FINDER
“You can send them to charm school, you can polish them up, but real managers are born. If you don’t have the latent talent you won’t be a good manager.” John Hansuld, whose grip on the wide-open thro…
Hot Plays STAGGERING POTENTIAL AT CARLIN
As the dominant property-owner and principal mine-finder along the Carlin gold trend, near Elko, Nev., Newmont Gold has never felt the need to boast about its activities. A portfolio of 15 deposits an…
Exploration ’88 AGNICO-EAGLE
Agnico-Eagle Mines has set a $9.6 million exploration budget for 1988. The bulk of the money, about $8.3 million, will be spent on surface and underground exploration for silver in the Cobalt/New Lisk…
Cross-Cuts STAGGERING LOSSES
The Canadian mining industry loses about $940 million every year because it habitually ignores proper maintenance procedures that could reduce wear and friction in equipment components. That rather st…
Exploration ’88 BELMORAL
Belmoral Mines and its associated companies will spend more than $30 million in 1988 on exploration and development of existing operations and properties. They are located near Val d’Or, Que. and in t…
Exploration ’88 PEZIM GROUP
The exploration arm of the ubiquitous Pezim group of companies is now known as Prime Explorations (formerly Galveston Explorations). In North America, Prime will be involved in nearly 50 exploration p…
Exploration ’88 ECHO BAY
Echo Bay Mines’ explorationists had their best year ever in 1987, adding nearly seven million proven and probable mineable ounces of gold to the company’s 1986 reserve of 5.6 million oz. This was acco…
Exploration ’88 ESSO
Esso Minerals Canada plans to spend in the neighborhood of $11 million on gold and polymetallic massive sulphide exploration throughout Canada in 1988. About 70% will be directed toward precious metal…
Exploration ’88 FALCONBRIDGE
In 1988, Falconbridge Ltd.’s surface exploration budget will be $24 million compared with $22.5 million in 1987. Michael Knuckey, vice-president, exploration, says the proportion of expenditures in su…