Metal Prices (July 24, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 18 July 17 July 14 July 13 July 12 Copper 1552-…
1989
Golden Bear project gets $31 million boost
Despite a somewhat rocky and tenuous start on the road to production, it appears that construction of the Golden Bear mine project in northern British Columbia is firmly on track for planned completio…
Photo by The Northern Miner (July 24, 1989)
The primary crusher at the Gilt Edge mine. If proposed expansion plans meet stiff environmental standards, Gilt Edge could rival North Carolina’s Ridgeway mine as a low grade, high tonnage producer.
Savanna exchanges shares with American Chromium
Savanna Resources (ASE) says an offer to exchange two of its shares for five class A or B shares of American Chromium Ltd. (ASE) has been accepted by 11 major shareholders of American Chromium. Savann…
Magma makes deal for concentrates
A contract has been entered into by Magma Copper (AMEX) with Compania Minera de Cananea of Mexico City, Mex., for the purchase of about 154,000 tons copper concentrates during the first year of a mult…
Western Canadian Mining’s Sulphurets interest for sale
Another significant copper deposit in British Columbia is up for sale. Western Canadian Mining (VSE) has announced plans to sell its 74% interest in Sulphurets Gold Corp. (VSE), 100% owner of the Kerr…
VenturesTrident ups stake in Eastmaque
By way of several recent market purchases on the Toronto Stock Exchange, Denver- based VenturesTrident Limited Partnership has increased its stake in Eastmaque Gold Mines (TSE) to about 14.71% of East…
Brinco, CMP funding exploration at Kerr
Agreements with CMP 1989 Resources Partnership and Consolidated Brinco (TSE) will provide Sulphurets Gold Corp. (VSE) with a total of $1 million for further exploration of the Kerr copper-gold project…
Horne acid plant nears completion
Construction of a pollution-fighting acid plant is nearing completion here at the Horne copper smelter. The plant, which is designed to reduce smelter emissions by half, should be up and running by th…
Giant Yellowknif’e Akaticho slowed by TSe dispute
A difference of opinion involving Giant Yellowknife Mines (TSE) and the Toronto Stock Exchange has brought exploration almost to a standstill at the Akaitcho mine property near Yellowknife, N.W.T. The…
Majors big spenders while juniors struggle to survive …Add
Top exploration spenders in 1989 0906,0006,0106 World- wide expl’n Companybudget ($ million(US) 1989) Noranda Group 168.0 includes Minnova/Kerr Addison 17.0 Hemlo Gold 24.0 RTZ Group 120.0 Cons…
Managing Canada’s Mines Computers are good tools but people make
Like so many of this country’s top mine operators, Giant Yellowknife’s manager of mining operations, Mike Lalonde, is a graduate of the respected Haileybury School of Mines. Later he went on to 0506,0…