Tentative pact at Highland Valley
A tentative settlement has been reached in the 3-month strike at the Highland Valley copper mine near Kamloops, B.C. The mine, which produces about 2.5% of the non-Communist world’s copper output, has…
News
Pioneer struggling to avoid cash crunch
The recent shutdown of the Puffy Lake gold mine in Manitoba and the slow start-up of the 40%-owned Premier Gold mine near Stewart, B.C., have strained the financial resources of Pioneer Metals (TSE). …
Letters to the Editor New York researcher seeks information
I am writing to ask your assistance in contacting any miners, mining engineers or other similar persons who may have an interest in New York State mining. I am currently gathering information on the s…
Market plunge a non event on Alberta Stock Exchange
If he hadn’t read about it in the newspaper Alberta Stock Exchange President Tom Cumming said he wouldn’t have been aware of the Oct 13 market plunge. While the Dow Jones industrial average dropped 19…
New LAC investment
Although LAC lost its recent appeal in the Supreme Court of Canada for ownership of the Williams mine, it could more than make up for that loss through its new investment in Bond International, and th…
Metal Prices PRODUCER PRICES (October 23, 1989)
ALUMINUM: MW U.S. Market US80.50 cents – 81.50 cents per lb. (Oct 12, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…
Iskut River access road will cost $12.5 million
A study of road access options to the Iskut River mining camp in northwestern British Columbia has instilled hope that government agencies will approve a road built from Highway 37 to the Bronson Cree…
Letters to the Editor Western mining’s value warrants R&D centre
The Canadian mining industry should be disappointed that 12 scientists at the federal government’s surface mining laboratory in Devon, Alta., have been declared surplus (“Research rivalry” Oct 2, 1989…
Westmin, Byron undertake surveys at Nation Lakes
An airborne geophysical survey to outline copper-gold targets is under way on a British Columbia property owned by joint venture partners Westmin Resources (TSE) and Byron Resources (VSE). The 10,600-…
LAC buys 65% of Bond Gold, more than doubles gold output
Facing the spectre of being outpaced by an emerging generation of precious metal super producers, Toronto-based LAC Minerals (TSE) has announced it will take control of Bond International Gold (TSE) f…
Metals not affected by market collapse
The sudden mid-October stock market collapse and near-recovery the next trading session had little apparent effect on the precious and base metal commodity markets. Gold, silver and platinum enjoyed s…
Amalgamation simplifies Northgate group
Toronto-based Northgate Exploration (TSE) is planning to amalgamate four of its western affiliates into a medium-sized gold company capable of producing around 200,000 oz annually. By merging ABM Gold…