Quebec recognition
Five mining companies and a veteran prospector were recently recognized by the Quebec government for their contributions to the mining industry. Premier Robert Bourassa and Raymond Savoie, minister re…
News
Canpotex sales to China a model of marketing
If anyone could convince the miners of Canada that Asia and the Pacific Rim are ripe for renewed marketing efforts, that someone is Canpotex Ltd. President Erik Ekedahl. The story of his company’s sta…
Bidger to build gold mine in Chili
A Chilean firm has been contracted to build a 200 ton-per-day mine and mill complex for Bridger Resources’ (VSE) on the company’s La Pepa gold property in Chile. Vancouver-based Bridger recently signe…
Eagle River Hemlo’s future `cornerstone’
The fast-developing Mishibishu gold camp, 32 miles west of here, is expected to make a significant contribution to Hemlo Gold Mines’ (TSE) investment objective of doubling its revenues within the next…
Drilling cuts PGM values at Big Trout Lake property
International Platinum Corp. (TSE) has drilled its best holes ever on the Big Trout Lake platinum- palladium property in Ontario. Five of tens holes intersected platinum- palladium values in excess of…
Metal Prices PRODUCER PRICES (June 05, 1989)
ALUMINUM: MW U.S. Market US94.50 cents – 98.50 cents per lb. (May 25, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.30-$6.45(US) per lb (Ma…
Commodity price index in 3-month decline
The all-commodity price index of Scotiabank fell by 1.3% in April, the third straight monthly decline. A sharp drop in industrial metal prices contributed to the fall. Economist Patricia Mohr writes t…
Editorial Resentment
In the wake of the federal budget, G. D. Dickson, a reader from North Vancouver, B.C., has reminded us of a poem by Robert Service. In the last stanza of his poem, Resentment, after he has described t…
Placer Dome yet to prove that Lassie such a steal
A longtime shareholder of Lassie Red Lake Gold Mines (COATS) says that Placer Dome (TSE) got a bargain when it paid $225,000 to gain control of the Toronto company. Lassie Red Lake, whose sole asset i…
Rouyn Mining arranges Francoeur financing
A $2-million bank facility has been arranged by Rouyn Mining Resources (TSE) to help pay for the company’s share of costs at the Francoeur gold mine near Rouyn- Noranda, Que. Rouyn Mining, with a 50% …
Metal Prices FUTURES PRICES (June 05, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun113.50 113.40 113.60 — Jul116.40 114.00 114.50 + 3.90 Sep114.30 112.40 112.80 …
Granges terminates Goldbelt deal
The proposed merger between Granges Exploration (TSE) and Goldbelt Mines (VSE) has been scuttled by dissenting shareholders. More than two million shares were received by Granges in proxy form opposin…