Miner library closed to public
Beginning Jan 1, 1990, The Northern Miner’s library will no longer be open to the public. Reports of companies’ current status will still be provided in response to written requests that are accompani…
News
Toronto Stock Exchange Indices (December 25, 1989)
1989 Dec 19Dec 18Dec 15Dec 14Dec 13HIGH LOW Composite “300” 3915.083958.543986.203995.334005.764037.833353.13 Metals & Minerals 3330.593334.353346.513347.433332.813919.203207.50 Integrated mines 3442….
Bachelor Lake losses reflect mine closure
A decision by Bachelor Lake Gold Mines (TSE) to place its mine at Desmaraisville, Que., on standby was reflected in the Toronto company’s recent financial results. Bachelor Lake reported a loss of $2….
Golconda bullish on results from California gold project
Golconda Resources (ASE) says it has been encouraged by results at its Star City gold property in California where the next exploration phase will involve an attempt to outline open pit reserves. Golc…
Montreal Exchange Market indices off
The market indices headed lower for the week ended Dec 19, although daily trading volumes, ranging between 6.9 million and 9.1 million shares, picked up in strength. The market portfolio dropped almos…
Base metals demand not expected to fold
During the 10-year period 1978- 88, South Africa’s Krugerrands (and other gold coins) went from accounting for 84% of the gold used in the production of gold coins to 13%. The Gold Institute of Washin…
Golden Giant raise done in record time
A 2.4×2.4-m backfill raise, inclined at 69 degrees and measuring 294 m long, has been driven by a pneumatic Alimak machine at the Golden Giant mine in Hemlo, Ont. Don Cameron, Andy Roy, Matti Hakkola,…
Copper benefitting from low inventories
In assessing today’s markets for the various base metals, an important factor is inventory size. More than a few observers have pointed out how inventories over-all have remained low for the major met…
Metal Prices PRODUCER PRICES (December 25, 1989)
ALUMINUM: MW U.S. Market US73.00 cents – 74.75 cents per lb. (Dec 14, 1989). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (D…
Hall of Fame Jan 1, 1990
The industry honored some of its own last January at the inaugural dinner of the Mining Hall of Fame held at Toronto’s Royal York Hotel. Keynote speaker at the event was former Falconbridge chairman B…
Inco denies production decision imminent for Vault
To date about $3.5 million has been spent by a unit of Inco Ltd. (TSE) and junior partner Seven Mile High Group (VSE) on the Vault gold property near Okanagan Falls, B.C. According to Maurice Hamelin,…
Metall Mining boosts earnings
Income before extraordinary items of $26.7 million (71 cents per share) for the 9-month period ended Sept 30 was reported by Metall Mining (TSE), compared with $18.1 million (48 cents per share) for …