Nickel miners big winners as cobalt rallies
Uncertainty about cobalt supplies from Zaire, the Western World’s primary producer, continues to buoy the price of the metal in the range of US$25-$30 per lb. In early November, the free market cobalt…
News
Changes in Soviet Union affect world gold market
Controversy continues to surround the gold situation in the Soviet Union, where the winds of political change have caused economic instability. The chief beneficiary of the confusion surrounding the y…
Air prospecting less in demand
The era of airborne geophysics (aero-magnetics and aero-electromagnetics) is far from over but its heyday in Canadian mineral exploration is certainly passed. That time was in the late 1950s to the ea…
U.S. REPORT (December 02, 1991)
The magnitude of the gold mining operations currently taking place on the Carlin Trend properties owned by Newmont Gold (NYSE) northwest of here probably outstrip even the wildest dreams of the geolog…
Geddes more than doubles reserves at Windy Craggy
Having more than doubled reserves at the Windy Craggy project, owner Geddes Resources (TSE) now ranks it as the largest copper and cobalt deposit in Canada, and one of the largest in the world. Locate…
Agnico finds new zone at Baker Lake
Exploration on new, Lupin-type targets at the Meadowbank project, 27 miles north of Baker Lake, N.W.T., has confirmed the presence of a new gold-bearing structure stretching for at least 730 ft. along…
Plasma blast marks opening of addition to R&D facility
Resources giant Noranda (TSE) has officially opened the $20-million expansion of its research facility in suburban Montreal — the Noranda Technology Centre. The expansion unites researchers, who were…
Dundee shares
The chairman of Dundee Bancorp (TSE), Ned Goodman, recently increased his interest in the company by acquiring 60,985 B common shares. Goodman now owns or controls 615,277 B common shares and 116,711 …
PEOPLE (December 02, 1991)
W. Zinn appointed president and director.
Placer, Outokumpu in joint effort
The exploration subsidiaries of two international mining companies have joined forces to launch a new exploration thrust for gold and base metals into certain East European and African countries. Vanc…
METAL PRICES (December 02, 1991)
N.Y. Commodity Exchange Weeks High Low Close Change COPPER (HG) (in US cents per lb.) Dec 105.30 104.60 104.65 + 0.90 Jan 104.60 103.10 104.25 + 1.10 Feb 103.80 103.70 103.70 …. SILVER (in US cents …
Hall of Fame to induct GSC’s Logan
The founding director of the Geological Survey of Canada (GSC), which will celebrate its 150th anniversary next year, will be inducted into the Canadian Mining Hall of Fame in January, it was announce…