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 …
News
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…
Toronto Stock Exchange Aur, Louvem advance on Noranda buying rumor
Excited investors continued wheeling and dealing at a feverish pace in the Val d’Or triplets — Aur Resources, Louvem Mining and St. Genevieve Resources. The rush to buy shares was sparked two weeks a…
Copper markets remain strong in first half despite falling prices
Analysts called for a fairly strong first half for copper and, despite a tumble to the $1.10-$1.20(US) per lb range, the base metal has not disappointed. To the first of June, copper in London average…
A NEW CONVEYOR
Numerous changes have been made to the E zone mine conveyor belt system after an underground fire in 1987 left one miner dead and cast grave doubts over the mine’s future. The blaze broke out April 1,…
Sherritt resolves refinery troubles
Modifications at the Fort Saskatchewan nickel refinery to permit the processing of off-specification feed materials have been completed, Sherritt Gordon (TSE) reports. Feed from supplier Inco Ltd.’s (…
Letters NOT REALLY ABSTRACT
I would like to comment on some of the information presented in “King of Zinc,” the story on the Brunswick No. 12 mine (see April issue). The first is the statement on the “abstract nature of the geol…