Editorial Mining leads the way
Many see mining as part of Canada’s past, an anachronism that has no place among the high-tech and service industries of Canada in the twentieth century. The truth is, however, that mining is a lead…
News
Letters to the Editor Mascot’s open pit ore grade seems low
The Northern Miner states that Mascot’s Nickel Plate open pit produced 24,000 oz of gold to the end of September, 1987, from 317,000 tons milled (N.M., Jan 25/88). Assuming 87% recovery, this gives an…
Nevada Goldfields profits boosted by new mine
Gold production from Nevada Goldfields’ Kingston mine near Reno, Nev., helped boost profits for the first half of fiscal 1988 to $1,968,844 on sales of $9,480,328. The company sold 20,787 oz gold and …
Noranda pulls out from Andaurex joint venture
Following a decision by Noranda Exploration not to exercise an option on the L.H. gold property near Silverton, B.C., Andaurex Resources of Toronto says it will retain a 100% interest in the property….
Investment Comment Lacana to join ranks of 100,000 oz gold
After reporting a bottom line rebound in 1986 and some sterling acquisitions in 1987, Toronto-based Lacana Mining is preparing to cross an important threshold in 1988. With subsidiary Mascot Gold’s Ni…
Westmin, partners plan addit at Debbie/Yellow project
A $5-million exploration program at Westmin Resources’ Debbie/Yellow project near Port Alberni, B.C. will include a 1.2-mile underground adit into the Mineral Creek and Linda gold zones. Nexus Resourc…
Metal Prices FREE MARKET (February 08, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Feb. 2 Feb. 1 Jan. 29 Jan. 28 Jan. 27 Copper 1240-1245 1225-1230 1346-1348 1285-1287 1310-1315 Lea…
Metal snips (February 08, 1988)
Turkey is reported to have opened its first silver mine. Forecast by the Turkish government is the processing of 1.1 million tons of ore per year and an annual production of 122 tons silver. Most of t…
Editorial Fixed-link project
Finally, we can talk about Prince Edward’s little island. Being the nation’s mining newspaper and P.E.I. being our only virgin province, untouched by mining, we’ve had precious few opportunities to in…
Sherritt sells MacLellan mine
One of the few mines in North America to actually lose money mining gold in 1987 has been purchased by Hayes Resources. For $17 million cash and 2.4 million common shares from treasury, Hayes is getti…
New board at Getty
Total Resources (Canada) has completed its purchase of Getty Resources, acquiring an 87.6% interest on a fully-diluted basis. Following the closure of the deal, Total elected three new directors to th…
Goldcap attempts to finance B.C. joint venture projects
After filing a private placement to fund exploration on one of its British Columbia gold properties, Alberta-listed Goldcap Inc. is attempting to attract a financier for work on another. In a bid to r…