Base metals boom to last through to mid 1989
While the price of gold has been languishing in the $400(US) per oz range, base metals have been on a tear, in particular zinc and copper, and not forgetting nickel which had an unforgettable year in …
News
Prime Resources to trade in February
Shareholders of Delaware Resources Corp. (VSE) and Colossus Resource Equities (VSE) recently voted in favor of a business transaction that effectively merged the assets of two companies into a single …
Buyers back after a round of profit-taking Toronto Stock Exchange
Buyers came back today after a short bout of profit-taking earlier in the week. Traders tacked 12.96 pts to the composite index which closed at 3567.84 pts on volume of 26.1 million shares. Despite a …
Engineering studies under way for Meridian Beartrack deposit
Drilling is expected to resume on Meridian Gold Company’s Beartrack deposit (N.M., Dec 12/88) in early spring, said Raymond Threlkeld, regional exploration manager. In the meantime, engineering studie…
INCO LIMITED
For 9-month period ended Sept 30, 1988. In millions of U.S. dollars, except per-share figures. 1988 1987 Assets $3,631 $2,994 Long-term debt $1,250 $8…
Study shows precious metals distribution
A re-evaluation of a copper/ nickel prospect in Lake Cty. about 10 miles southeast of Ely, Minn., has shown elevated amounts of palladium, platinum, gold and silver, according to preliminary results o…
Judgment reserved in Scintilore suit
Judgment was reserved recently by a Supreme Court of Ontario judge in a motion seeking to dismiss an ownership claim by Scintilore Explorations (TSE) to the David Bell gold mine at Hemlo in northern O…
Frederick A (Ted) Fell
Frederick A. (Ted) Fell, the original mine manager at Dickenson Mines’ gold mine at Red Lake, Ont., died in Toronto Jan 23. He was 82. Fell supervised the shaft sinking in 1946-47 at what is now calle…
PRODUCER PRICES Metal Prices (January 30, 1989)
ALUMINUM: MW U.S. Market $1.06-$1.09 per lb. (Jan 19, 1989). ANTIMONY: New York dealer $1.00 cents -$1.03 per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75 per lb. (Jan 5, 1989). CADMIUM: N…
Hemlo Lawsuit hasn’t hindered Corona’s growth
When a major mining company states emphatically its objective is to be a low-cost precious metals producer, it makes sense any new exploration projects it becomes involved in will follow along the sam…
Noranda earmarks $200 million for ’89 exploration
Higher metals prices have had a major impact on the balance sheet of Noranda Minerals. To maintain its position, the mining arm of Noranda Inc. (TSE) knows it must make a commitment to searching out n…
Glencairn seeks financing after Aur deal terminates
Glencairn Explorations (ASE) is seeking financing required to place its Feijao Cru diamond property in production. Located in Brazil, the Feijao Cru property hosts alluvial diamond bearing gravels whi…