Metal Prices PRODUCER PRICES (January 09, 1988)
ALUMINUM: MW U.S. Market $1.11-$1.12 per lb. (Dec 22, 1988). ANTIMONY: New York dealer 96 -$1.01 per lb. (Dec 22, 1988). BISMUTH: New York dealer $6.55-$6.75 per lb. (Dec 22, 1988). CADMIUM: New York …
1988
Coin Lake’s Golden Reward enhanced
Toronto-based Coin Lake Gold Mines (TSE) says two important developments have recently enhanced the potential of its Golden Reward project in the Black Hills area of South Dakota. Based on additional …
Canadian Iron Ore: 1950 to 1986
The Iron Ore Company of Canada (IOC) began shipping from its new mine at Schefferville in 1954. It was the first of the mines in the Labrador Trough, which would reshape the Canadian iron ore industry…
Cliff, Canaustra merger given vote of approval
An expanded and newly financed Cliff Resources (TSE) is the result of a recent amalgamation of that company with Canaustra Gold Exploration (VSE). A majority of shareholders in both companies voted th…
Map of world gold producers
Denver-based Metal Market Consultants has published a map listing the primary gold producers in the Free World. Besides locating them on a global map, it highlights specific areas including the wester…
U.S. REPORT Escalante shutdown
Hecla Mining (NYSE) has closed its Escalante silver mine, 40 miles west of Cedar City, Utah. The orebody at Escalante has been mined out and exploration failed to add additional reserves. In operation…
Marshall gets funding
Marshall Minerals (ASE) has raised $2 million via a private placement of flow-through shares. Marshall will issue 2,010,000 flow through shares at a price of $1 per share. The proceeds of the offering…
Share swap ratio is proposed by Syngold/Int. Thun.
Toronto affiliates Syngold Exploration (TSE) and International Thunderwood Exploration (TSE) have agreed to a share exchange ratio for a proposed amalgamation of the two companies. Pending shareholder…
Sikaman completes NWT drill program
A diamond drill program was completed recently by Sikaman Gold Resources (TSE) on the company’s Kaminak Lake gold property located 160 km southwest of Rankin Inlet in the Northwest Territories. The co…
Jascan, Atlantic each get another $6 million (US)
The final payday came in for partners Jascan Resources (ASE) and Atlantic Goldfields Inc. (COATS). Each company has received $6 million(US) as the final payment from the sale of their interest in the …
Gold Texas seeks court injunction
An injunction is being sought by Gold Texas Resources (VSE) against Malartic Hygrade Gold Mines (VSE) which, if approved, would prevent the latter from voting its shareholding at any Gold Texas shareh…
Coats Trading Features (January 09, 1988)
Chance Mining and Exploration, which retains a 10% net profit interest in ground adjoining the big Kidd Creek mine near Timmins, Ont., was an active trader this week. The Chance property, located in K…