Noranda Expl. Golden Princess
A joint venture agreement has been concluded between Noranda Exploration and Golden Princess Mining for the old Nickel Offsets property near Timmins, Ont. Some adjoining ground is also included in the…
News
Froth flotation not as popular
Flotation plants in the United States appear to be on the decline, the Bureau of Mines, U.S. department of the interior, reports. Every five years the bureau conducts a survey of domestic mineral proc…
Dome Mines climbs well into the black
Increased production, higher gold prices and the acquisition early last year, (by subsidiary Campbell Red Lake Mines), of Kiena Gold Mines, put Dome Mines solidly in the black for 1986. The company re…
Queries International North American goes to court
It would be appreciated if you could review any recent developments which would account for the dramatic fall in the price of the shares of International North American Resources. Of particular intere…
Iron River on gold property
A first-phase exploration program has commenced at Iron River Resources’ Loughborough Inlet gold property, 35 miles north of Campbell River, B.C. A 2.5-mile access road will be rehabilitated, a helico…
Metal Prices (April 06, 1987)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 31 Mar. 30 Mar. 27 Mar. 26 Mar. 25 Copper 949-950 944-945 950-952 943-945 926…
Royex makes offer to boost interest in Int’l Corona
In a move that is designed to put Murray Pezim out of the picture, Royex Gold Mining has announced an offer worth potentially $230 million to boost its ownership in International Corona Resources to a…
Letters to the Editor Mining is more than gold
I wish to support Mr Kortschwar’s letter in your March 23 issue (Too Much on Gold?). I, too, have been a subscriber for many years and bought into some of your base metal companies before they ran int…
United stakes more claims near Madoc
Additional ground has been acquired by United Reef Petroleums near Madoc, Ont. United, which now has 110 claims in the area, says the ground was acquired for its gold potential. Gold showings sampled …
Brazil’s gold premium: just a drop in a $78-billion bucket
Brazil needs cash. And to get it, the government is paying gold miners in the country a 60% premium on the average London fix price to discourage them from selling it outside the country on the black …
Second anomaly hit by Normine on B.C. claims
A second large geophysical anomaly has been located by Normine Resources on its Wait claim group near Kimberley, B.C. The company’s consultant says the new B anomaly “fits the classic pattern of gravi…
PRODUCER PRICES (April 06, 1987)
ALUMINUM: MW U.S. Market 62.00 cents -64.00 cents per lb. (Mar 19, 1987). ANTIMONY: New York dealer $1.12-$1.18 per lb. (Mar 19, 1987). BISMUTH: New York dealer $2.50-$2.70 per lb. (Feb 26, 1987). CAD…