What’s New POLY CHAIN
Gates Canada may have a cure Gfor your belt maintenance Gheadaches. If you have a V- belt- or chain-drive motor (on a ventilation fan or a sump pump, for example) where the belt or chain doesn’t last …
News
Citadel adds claims to Surlaga holdings
Toronto-based Citadel Gold Mines is expanding its land position near Wawa, Ont. where the company is attempting to bring its Surlaga gold mine property back into production. Citadel says it has agreed…
Ontario offers exploration incentives
Two new mineral exploration incentive programs worth a total of $5 million were recently announced by the Ontario government. The Ontario Prospectors Assistance Program (OPAP) will provide experienced…
Metals Prices FUTURES PRICES (July 03, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul108.50 106.60 107.20 — 8.80 Sep106.90 105.50 106.00 — 7.55 Dec104.00 102.90 1…
Editorial Keep the power coming
When Falconbridge paid its electricity bill last year it took a $70-million bite out of the company’s bank account. Falconbridge is one of Ontario Hydro’s largest customers, largely because of the K…
Aur plans to release results by the batch
Investors waiting to determine the potential size of the Aur Resources (TSE), Louvem Mines (TSE) massive sulphide discovery near Val d’Or, Que. may have to wait a while. Based on the results of seven …
Gold output rises at Piedmont mine
There was a sharp jump in gold output at Piedmont Mining’s (NASDAQ) Haile mine project during the first quarter in comparison to last year. Production totalled 3,560 oz compared with 1,339 oz the prev…
Layoffs result as companies try to cust costs
Exploration staff at several mining companies have been reduced in the past six months in an effort to cut costs and keep overhead costs to a minimum. Exploration is commonly the first area to be cut …
Metal Prices (July 03, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 27 June 26 June 23 June 22 June 21 Copper 1596…
Golden Terrace turns attention to base metals
While he is not giving up on gold, President Garry Smith of Golden Terrace Resources (TSE) says he would like to see his company branch off into base metals and industrial minerals. The junior company…
INSIDER TRADES (July 03, 1989)
Bema Gold — Bema Ind. sold 250,000 (May, private) @ $1 to hold 708,350. Black Hawk — G. Bub bought 100,000 (June) @ 39 1/2 cents to hold 100,000. G. Hughes bought 90,000 (June) @ 29 cents -48 cents…
Redstone follows its leader; shops for royalty interests
Redstone Resources Inc. (TSE) has gained a new lease on life in the robust fold of Franco Nevada Mining Corp. (TSE), shareholders were told at Redstone’s recent annual meeting. Debt-free and with $1.3…