Metal Prices FUTURES PRICES (February 22, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb 108.75 108.00 108.55 + 6.55 Mar 106.75 …
News
Master rehabilitating Hunter mine, Timmins
Water from the 75-year-old Hunter mine near Timmins, Ont., has been pumped down to the first level. Sheathing is being installed on new surface buildings and drifting should begin underground in early…
Chevron still operator BYG could revive Mt. Nansen
The old Mt. Nansen gold mine near Carmacks, Y.T., could resume production later this year on an open pit basis now that majority ownership is being acquired by BYG Resources. A wholly-owned subsidiary…
TVX adds Chilean mine to portfolio
Toronto-based Consolidated TVX Mining has just added to its Latin American precious metal portfolio by acquiring a stake in a Chilean gold/silver prospect from Consolidated Goldfields. Already Brazil’…
Newmont output 1.6m oz by 1990
When a gold mining company has enough reserves in the ground to overtake North America’s largest producers, it can afford to be extravagant. That’s why New York-based Newmont Gold will spend $404 mill…
METAL MARKETS Lower costs aid producers
Learning to survive with low copper prices for most of this decade made the return last year to higher metal prices even sweeter for North American copper producers. Among those reporting sigificant g…
Profitable year reported at tame Corona meeting
What a difference a year makes. This year’s annual meeting of International Corona Resources bore no resemblance to the raucous 1987 version at which Murray Pezim, then vice-chairman, stormed out in d…
11 drills on Tandem projects
An example of the momentum flow-through financing is giving to mineral exploration in this country is that of Tandem Resources, a junior company which, with various part ners, has 11 drill rigs at wor…
Invest Comment Report studies effect of gold slide
As the mining industry wakes up to a sub-$445(US)-per-oz gold price, investors may be wondering what effect this will have on their favorite gold stocks. Since many of Canada’s junior and senior gold …
Montreal Exchange St. Genevieve on move
Montreal-based St. Genevieve Resources, in a buying mood last year when it acquired a significant shareholding in Louvem Mines, now says it is seeking to purchase the outstanding balance of Louvem sha…
Hedley Pacific plans work on Nickel Plate
A $60,000 work program is planned by Hedley Pacific Mining on its three claims located on Nickel Plate Mountain near Hedley, B.C. The claims adjoin those of Mascot Gold Mines and Golden North which jo…
Gold loan of one million oz helps Newmont reduce debt
A gold loan of one million ounces, worth about $448 million(US), has been arranged by Newmont Mining of New York, the proceeds to be applied against the company’s $1.6-billion debt load. The loan, arr…