Managing STAGES OF DEVELOPMENT
Management spends so little of Mits time in managing people, Mand it seems the more senior the manager, the less time he or she spends on this all-important matter. Mine planning, corporate planning, …
News
Tough times for Golden Shield; management team main shareholder
Financially strapped Golden Shield Resources (TSE) recently lost its major shareholder after Kerr Addison Mines (TSE) sold its holdings in the Kirkland Lake area gold producer. Kerr, which sold the lo…
Editorial The power of local politics
Louis Antoine de Bougainville, a nineteenth century French navigator, is probably best remembered for the large, bright tropical plant that bears his name, bougainvillaea. In mining circles, however, …
Geological reserve estimate released for Eskay Creek
Based on an independent preliminary overview report, Consolidated Stikine Silver (VSE) has released a geological reserve estimate for the Eskay Creek gold-silver project in northwestern British Columb…
Toronto Stock Exchange Aur, Louvem big gainers as discovery gains
The talk of the town continues to be Aur Resources’ copper find in Louvicourt Twp. near Val d’Or Que. As more information comes to light on this discovery, investors are recognizing the significance o…
Metal Prices PRODUCER PRICES (June 26, 1989)
ALUMINUM: MW U.S. Market US87.50 cents – 90.50 cents per lb. (June 15, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (June 8, 1989). BISMUTH: New York dealer $6.00-$6.10(US) per lb. (June …
News in Brief (June 26, 1989)
A first-quarter loss of $633,225 (US) or 4 cents per share was reported by Bunker Hill Mining (VSE). In the same period last year the company lost $752,286 or 6 cents per share. At the end of the qua…
Champagne mine enters production
Production is under way at the Champagne heap-leach gold mine in Idaho, Bema Gold (TSE) reports. The company says the mine is scheduled to produce about 17,500 oz of gold equivalent to the end of 1989…
Dona Lake important to Placer’s Canadian plans
The Dona Lake gold mine about 10 miles southeast of here is expected to produce just 3% of Placer Dome’s (TSE) annual gold output by 1990, but it’s an important link in the company’s chain of gold min…
COATS (Over-the-Counter)
Trading was quiet on COATS this week with share prices generally unchanged to fractionally lower. Last month’s average daily value traded on the over-the-counter market reached a 12-month low of less …
Metal Prices FUTURES PRICES (June 26, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun116.65 115.55 115.70 + 6.85 Jul118.60 115.20 116.00 + 6.60 Sep115.50 112.8…
Dona Lake ….photo
Lyall Chapman, left, mine manager at the Dona Lake gold mine, played host to about 120 guests at the mine’s official opening recently. With him, from left, are Placer Dome Chairman Fraser Fell and Wal…