Matachewan spill proving costly
Matachewan Consolidated Mines (TSE) is preparing to defend itself against a recent government order to clean up tailings material that spilled into the Montreal River in October, 1990. To pay for the …
News
Greenstone, Boliden expect to open gold mine in Panama in early
Less than a year after bringing its Oronorte property in Columbia into production, Greenstone Resources (TSE) is getting ready to hatch a second Latin American gold mine. At a capital cost of US$17.6 …
Mishibishu quiet
Activity in the Mishibishu Lake area of northern Ontario has come to a virtual standstill over the past year following a string of disappointments for the area’s two major players. This season, the on…
Equity may monitor tailings for 100 years
Closure of the Equity Silver (TSE) mining operation in British Columbia, forecast for the fourth quarter of 1992, will not herald the end of activity there, not by a long shot. Monitoring of the acidi…
Quebec incentives provide hope for mining ventures
Despite the current bleak conditions for junior mining in Quebec, some observers of the province’s mining scene have surprisingly bright forecasts for the future. “Quebec is one of the better places f…
LME established as primary price quote for sales of lead
The London Metal Exchange (LME) is a commodities market in London, England, that acts as a worldwide trading centre for metals. Producers and consumers use its daily official prices for lead, copper, …
Drilling boosts potential of Williams Creek copper project
Initial results from drilling on the Williams Creek property, 28 miles by road northwest of Carmacks, Yukon, indicate previous estimates of reserve tonnage and grade will be increased. Prior to beginn…
Gold hedgers’ hesitation may cost them millions
Time is running out for gold mining companies that plan to hedge their 1992 production. As of June 30, 1991, North American gold producers had sold forward only 29% of 1992 production at US$420, accor…
Analysts look to Russia for hints on gold
Precious metal stocks, already bloodied by low gold prices, took another beating recently as fears of a big sell-off in the Soviet Union kept the yellow metal below its 52-week trading range of US$350…
Custom milling can make the difference for some new mines
Mining is a capital intensive industry. One major concern for any project hoping to enter commercial production is a milling facility, for which the cost may or may not be a determining factor. The ow…
PRODUCER PRICES (September 23, 1991)
ALUMINUM: MW U.S. market US56.50-58.00 cents per lb. (Sep. 12, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (Jul. 18, 1991). CAD…
Toronto Stock Exchange (September 23, 1991)
A much anticipated drop in U.S. and Canadian interest rates during the week ended Sept. 17 failed to generate much enthusiasm for equities. As the gold price continued to hover at the low end of its U…