Producers strive to keep costs low
Averaging costs in 1986 at 147 primary gold mines, Mine Development Bimonthly calculates that 50% of the gold cost less that $200(US) per oz to produce, with 75% of the gold produced at or under $230….
News
News in briefs (October 05, 1987)
MFC Mining Finance says it will purchase VenturesTrident’s 25% joint-venture interest in Cactus Gold Mines’ operating heap-leach gold mine in California, 50 miles northeast of Los Angeles, in return f…
Drilling starts at Monique bet, Monicor reports
An exploration program is under way on the Monique property, located about 26 km east of Val d’Or, Que., which will continue until January, Monicor Exploration reports. Analyses of two drill holes hav…
Busy Golden Rule to drill Dubuisson/Blindman bets
One of Alberta’s busiest exploration companies, Golden Rule Resources, has started drilling at two properties in Saskatchewan and Quebec. The Calgary-based company has over 33 exploration joint ventur…
QUERIES Maybrun Mines report, yet to be published
In the Feb 22/87 issue of The Northern Miner, you indicated that Consolidated Maybrun Mines may issue an annual report and start trading again. However, nearly six months later I still haven’t heard a…
Editorial Gold fever rages around the world
Gold fever, with the price of the yellow metal persisting at a relatively high level, is catching on these days pretty well all over the world. Just in the last few weeks, reports of a gold rush hav…
Exploration conference an international success
More than 900 people from 77 countries converged on Toronto this week to attend Exploration ’87. Also known as the Third Decennial International Conference on Geophysical and Geochemical Exploration f…
Brissenden offers to sell interest in White mine
A wholly-owned subsidiary of Sullivan Mines, Sullivan Resources, has received notice from one of its partners in the Arthur W. White gold mine in northwestern Ontario concerning a right of first refus…
News in Brief (October 05, 1987)
Duration Mines has completed a private placement with isa Pacific Gold Fund which netted the company $190,000. Duration issued 100,000 shares at $1.90 per share.
Cons NRD to continue drilling cmapaign
Eight drill holes totalling approximately 5,125 ft have been completed on Consolidated NRD Resources’ Pinto South property near Val d’Or Que. The company says the gold-bearing intersections are simil…
Editorial Extend flow-through to the Third World
Thanks to the flow-through financing introduced by the federal government, this country is witnessing the greatest gold rush in its history, with upwards of $1 billion to be spent on its exploration t…
PRODUCER PRICES (October 05, 1987)
ALUMINUM: MW U.S. Market 82.50 cents -85.00 cents per lb. (Sept 24,1987). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Sept 3, 1987). BISMUTH: New York dealer $4.75-$4.90 per lb. (Sept 17, 1987). C…