Sonora first quarter best output to date
The first quarter of 1988 resulted in the best production to date from Sonora Gold Corp.s (TSE) 78%- owned Jamestown mine. In total some 526,000 tons of gold ore were processed to yield a net quarterl…
1988
Threat of strike could send prices for nickel soaring
The current contract of hourly-paid workers at two Inco Ltd. (TSE) installations in Ontario expires May 31 and the possibility exists that a strike could send already high nickel prices through the ro…
Greenstone reports El Recio gold veins
Toronto-based Greenstone Resources (TSE) has encountered a new area of gold mineralization at the El Recio property in Costa Rica where the company is conducting a feasibility study for a possible com…
Orleans acquiring east coast interests
An agreement has been reached between Orleans Resources (ME) of Val d’Or, Que., and Hathor Resources, a non-trading public company, whereby Orleans may acquire a 50% interest in the latter’s Nova Scot…
Toronto Stock Exchange Low volumes, sluggish trading keep lid on
Trading on the markets was characterized by another week of sluggishness as both volumes and prices remained weak. On Toronto, the composite index gave up 3.86 pts to close at 3,179.62 pts. Volume was…
FUTURES PRICES N.Y. Commodity Exchange (May 30, 1988)
Week’s High Low Close Change COPPER (in US cents per lb.) May 100.00 97.80 98.00 — 5.00 Jul 91.95 89.50 89.75 + 6.15 Sep 88.50 85.80 86.15 — 4.55 SILVER …
Perron pours first gold bar
The first gold bar was poured May 18 from the gold-silver Sleeping Giant mine of Perron Gold Mines (ME). The mine is located near Amos in northwestern Quebec. Perron, part of the Hughes-Lang group, is…
Brenda quits oil, seeks other interests
It’s probably safe to say the demise of Brenda Mines (TSE) has been greatly exaggerated. The low grade copper producer near Peachland, B.C., has endured two mine closures in recent years and it only r…
News in Brief (May 23, 1988)
Argo Development has changed its transfer agent to Guaranty Trust Co.
Seminar on ground control at Laurentian University
A professional development seminar on rock mass failures in hard rock mining will be held June 1-3 at Laurentian University, Sudbury, Ont. The seminar will run in conjunction with a Canadian mining an…
Echo Bay earnings
Net earnings of $10.9 million(US), or 11 cents per share, were reported by Echo Bay Mines (TSE) for the first quarter of 1988, compared with $8.1 million, or 9 cents per share, for the same period la…
Acadia/Hecla deal signed
An agreement between Toronto- listed Acadia Mineral Ventures and the Canadian subsidiary of Idaho- based Hecla Mining was signed this week. Over the next three years, the agreement could give Acadia a…