Industrial minerals important to Hecla
Mining companies are often reluctant to diversify into industrial minerals because it’s a market they don’t understand. “Better the devil you know than the devil you don’t,” they point out — probably…
News
Brican, Bow Valley earn into property
Two Canadian companies, Brican Resources (VSE) and Bow Valley Industries (TSE) have earned a 50% interest in a large epithermal gold play in Nevada’s Battle Mountain district. Santa Fe Pacific Mining,…
Cambior earnings (May 15, 1989)
Net earnings for the first quarter increased by 32%, to $4.8 million (20 cents per share) from $3.6 million (15 cents per share) the year before, Cambior Inc. (TSE) reports. Revenue for the quarter …
Ontario’s mines yield $7 billion
Last year’s record-high nickel prices helped Ontario maintain its position as Canada’s premier producer of non-fuel minerals with production twice the value of any other province last year. Ontario is…
Monte Carlo Gold Mines — a new beginning
In late 1988, Robert Salna and several associates purchased the controlling interest in Monte Carlo Gold Mines Ltd. Since that time, changes in the management team of Monte Carlo have facilitated a ne…
Fairbanks sees bulk tonnage potential in Alaskan gold bet
An over-subscribed initial public offering that raised $5.7 million has Fairbanks Gold (VSE) set to begin a major work program on an Alaskan property where it had previously outlined a significant, ne…
Metrologist seeking assistance for book on precious metal ores
Author Jan Merks is seeking help from mining companies for a new book on the science of metrology — the study of weights and measures. He is looking for information, which will be kept confidential, …
High Frontier drills low gold values
Low gold values have been assayed in drill core returned from a program on the Conglomerate Lake project operated by High Frontier Resources (VSE). The northwestern Ontario property covers two gold sh…
Metal Prices FUTURES PRICES (May 15, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May127.00 124.90 125.60 — 5.65 Jun124.30 123.50 123.70 — 8.00 Jul123.40 120.40 12…
IOCC GOLD OPTIONS (May 15, 1989)
Options Open Series Volume Last Interest May 380 C . 284 2.30 347 May 390 C . 434 1.00 1,740 May 400 C . 650 0.50 3,2…
Kerr ups Minnova stake
Kerr Addison Mines (TSE) has been given the go ahead by regulatory authorities to purchase an additional 400,000 shares of Minnova (TSE). The purchase will maintain Kerr’s interest in Minnova above 50…
Homestake aiming for one million oz gold production in early 1990s
Aiming for a production level of one million ounces in the early 1990s, Homestake Mining (NYSE) boosted gold output to 781,458 oz in 1988, a 15% increase from the previous year. According to Harry Con…