Misima to give Place Dome 210,000 oz a year
VANCOUVER — Determined to maintain its position as North America’s largest gold producer, Placer Dome has announced yet another mine development — this time at its Misima gold property in Papua New …
News
Shareholders question Giant Bay option deal
What constitutes a fair option? That was the question on everybody’s mind at the recent Giant Bay Resources annual meeting. Indeed, most of the discussion period centred around President Claus Jensen’…
Montreal Exchange: Light trading week
Light volumes highlighted trading on the Montreal Exchange this week, with positive values dominating at week’s end. Both the market portfolio (general index) and the mining and minerals index had gai…
Pamour parent gaining new Australian owners
The Australian parent of Pamour Inc. is gaining new controlling shareholders. Giant Resources, which in addition to Australia and Canada operates in New Zealand and South America, and which controls P…
Sandhurst gets interest in Cdn.-United Minerals
Australian- based Sandhurst Mining N.L, through its wholly-owned subsidiary, Levelscope Ltd., has agreed to purchase 19.9% of the outstanding shares of Canadian-United Minerals. The company will spend…
Western makes $92-million bid for Nova Scotia gold producer
Terry Coughlan has accomplished what most in the industry only dr eam of. Over the past seven years he has built the largest single portfolio of gold properties in Nova Scotia under the banner of Seab…
LMX among big traders
With 1987 coming to a close most investors are out of the market and are setting strategies for next year. Not surprisingly, some are still licking their wounds from the Oct 19 crash and it will take …
Wharf holding boosts output for Dickenson
Toronto-based Dickenson Mines appears well on its way to boosting its gold output significantly after gaining effective control of Wharf Resources of Calgary. With its 66% interest in the Arthur W. Wh…
PRODUCER PRICES (December 28, 1987)
ALUMINUM: MW U.S. Market 81.50 cents -83.50 cents per lb. (Dec 10, 1987). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Dec 10, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CAD…
Bresea gold discovery
A prospecting program has discovered two gold mineralized zones in Labrador, Bresea Resources says. Reassaying of old drill core drilled by Hollinger Mines in the 1960s, returned assays of 0.19 oz gol…
Alaska Apollo plans 200 ton/day gold mine
An independent report on Alaska Apollo Gold Mines’ Shumagin gold property on Unga Island, Alaska, estimates the cost of bringing the 200-ton-per-day mine on-stream to be much higher than the company a…
Metal Prices FUTURES PRICES (December 28, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Dec 131.95 125.00 127.00 + 6.40 Jan 123.50 123.50 123.50 + 7.90 Mar …