Mining centre planned for Murdochville
A $1.5-million mining tourist attraction featuring a 20-minute underground tour of the old Miller mine is set to open here in June. To be known as the Murdochville Copper Interpretation Centre (Centre…
News
Metal Prices PRODUCER PRICES (May 15, 1989)
ALUMINUM: MW U.S. Market US99.00 cents – 99.50 cents per lb. (May 4, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.45-$6.60(US) per lb (Apr…
Toronto CIM plans excursion to view Pinch collection
A tour of the spectacular Pinch mineral collection at the National Museum of Natural Sciences in Ottawa is planned for CIM-Toronto branch members. Forty-six tickets are available for a bus excursion t…
Gold funds as of May 9
BGR Goldcorp Central MVP Capital1 Net value $11.59 % 7.25 % 6.26% 0.66 Price $ 9.125% 4.400% 5.50% 0.42 Discount $21.27% 39.3 % 12.1% …
Newfoundland plans first mining show (May 15, 1989)
Newfoundland’s first mining and mineral trade show will be held May 25-27 in Springdale. MINERALEX ’89 will showcase the products, services, equipment and technology of the Newfoundland minerals indus…
Yukon-Spanish connection Curragh buys 20% of smelter
An alliance forged between privately-owned Curragh Resources and Asturiana de Zinc, one of the largest zinc smelter operators in the world, is part of a 4-year plan designed to enhance Curragh’s posit…
Sphinx identifies additional reserves
An additional 500,000 tons grading 0.2 oz gold per ton have been identified above 1,500 ft at the Goldstack project 10 miles west of Val d’Or, Que., Sphinx Mining (ME) reports. Reserves in all classes…
Serem, VSM Exploration boost Grevet M tonnage
Possible and probable reserves at the Grevet M property in northwestern Quebec, northeast of Quevillon, stand at 2.1 million tonnes grading 8.72% zinc, project partners Serem-Quebec and VSM Exploratio…
Teck earnings rise
Net earnings for Teck Corp. (TSE) rose to $25.4 million or 31 cents per share in the first quarter of 1989 from $14.5 million or 18 cents in the same period last year. Revenues rose to $78 million fr…
FINANCING (May 15, 1989)
VANCOUVER Fairbanks Gold — gross proceeds rec $5,700,000. Benz Gold Res — opt exerc on 47,500 @ 55 cents per sh. Stow Res — opt exerc on 150,000 @ 45 cents per sh. Fair Harbour Mining — min 800,…
Renabie pours millionth ounce of gold
The Renabie mine in northeastern Ontario recently poured its one millionth ounce of gold, more than 40 years after the property was placed into production. The mine, operated by Renabie Gold Mines whi…
Placer Dome pays $18 million for 60% interest in Paymaster project
American Reserve sells 60% of Timmins project Vancouver-based American Reserve Mining Corp. (VSE) has sold a 60% interest in its Paymaster gold property at Timmins, Ont., to Placer Dome Inc. (TSE) for…