Sherritt acquires titanium equipment
Equipment and related technology which can be used to produce titanium and titanium alloy powders have been acquired by Sherritt Gordon (TSE). The company says it will be able to develop a new line of…
News
Letters to the Editor Mine managers do make use of rock mechanics
Your May 15 editorial “Rock Mechanics Research should be put to use” does a disservice to your readers with the mistaken impression that mine managers pay only lip service to the integration of rock m…
Magnacon project in break-in phase
The Magnacon gold project in northern Ontario suffered a couple of weeks delay but it is up and running and precipitating gold, said a spokesman for Muscocho Explorations (TSE). Steve Brunelle, vice-p…
Jascan, Atlantic resolve differences with new deal
Toronto-based affiliates Jascan Resources and Atlantic Goldfields (COATS) recently resolved their differences after internal squabbles threatened to develop into a hostile control battle. The two comp…
Journalist’s goal is to help investors
It’s encouraging to note that being supported by such advertisers as Albert Applegath has not prevented The Northern Miner from taking controversial editorial positions (see “Vancouver’s successes ove…
CoCa acquisition precursor to higher gold production
Recognition in the gold mining industry is usually a function of how many ounces you produce. So the recent purchase by CoCa Mines (NASDAQ) of Geodome Resources is an important acquisition for the com…
Armistice drilling confirms zone
Results from five holes drilled into the Sheldon zone include 0.32 oz gold per ton over 9 ft and 0.23 oz over 5 ft, Armistice Resources (ME) reports. The drilling, from stations on the 2,250-ft level,…
Gold funds as of May 23 (June 05, 1989)
BGR Goldcorp Central MVP Capital Net value $11.42 % $ 6.89 % $ 6.06 % $ 0.61% Price $9.625 % $ 3.95% $ 5.38% $ 0.35% Discount $15.72% 42.7 % …
New mines will help boost Cambior gold production
Quebec-based gold producer Cambior Inc. (TSE) turned out 191,207 oz in 1988 and is expecting a similar output this year. New projects coming on stream will increase production to 260,000 oz in 1991, t…
Scam artists peddle Barrick warrants
Police in Vancouver are attempting to locate a number of persons involved in a fraudulent scheme designed to hook U.S. shareholders of American Barrick Resources (TSE) into buying warrants at bargain …
Metal prices headed for a `soft landing’ says bank economist
Metal prices are on the decline but the fall is expected to be relatively gentle, says an economist with Scotiabank. “The correction in metal prices over the next 18 months will be considerably less t…
Spot prices at a glance (June 05, 1989)
Price Week’s ($US) Change($) Gold* 363.50 + 1.00 Silver* 5.22 + 0.05 Platinum* 501.25 +15.00 Nickel** 5.85 + 0.25 Lead** 0.29 — 0.01 Copper 1.18 + …