Stroud, Chevron discovery
Another gold mineralized zone has been intersected by drilling on the Hislop property owned by Chevron Resources and Stroud Resources (TSE). Located near Timmins, Ont., the Hislop property protects a …
News
Metal Prices (December 19, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Dec 13 Dec 12 Dec 9 Dec 8 Dec 7 Copper …
People (December 19, 1988)
SINDOR RESOURCES — Fred H. Loghtner appointed president and chief executive officer.
Skyline increases production at troubled Johnny Mountain
Still grappling with startup problems at its wholly- owned Johnny Mountain mine in the Iskut River area of British Columbia, Skyline Explorations (TSE) may be starting to see some light at the end of …
Metal Prices PRODUCER PRICES (December 19, 1988)
ALUMINUM: MW U.S. Market $1.0725- $1.0975 per lb. (Dec 1, 1988). ANTIMONY: New York dealer 95 -$1.00 per lb. (Nov 3, 1988). BISMUTH: New York dealer $6.25-$6.40 per lb. (Dec 1, 1988). CADMIUM: New Yor…
Bull Run problems
Bull Run Gold Mines (NASDAQ) is anticipating a significant cash flow deficit in 1989 due to operating problems and a cost over-run at the Big Springs gold mine operated by Freeport-McMoran Gold Co. Pr…
$1.6 million program for Weedy Lake
A 2-phase $1.6-million exploration program could begin next month on the Weedy Lake gold property owned by Golden Rule Resources (TSE), Tyler Resources (TSE) and Cameco — a Canadian Mining and Energy…
Barrick options Mirandor property
An agreement has been reached between Mirandor Exploration (ME) and American Barrick Resources (TSE) whereby the latter may earn a 60% interest in the Halliwell property in the Rouyn- Noranda, Que., a…
Peruvian strike over
An end to the 8-week-old miners’ strike in Peru appears to be over. The government and miners’ union federation reportedly have signed an accord which will send the country’s 60,000 miners back to wor…
COATS trading features (December 19, 1988)
This week, mining issues drifted slightly lower on thin volume. Exxeter Resources continues to be one of the few active traders. It was slightly better this week with 218,000 shares traded in the 37 …
Chutine gets option
Chutine Resources (VSE) has acquired an option to buy a 49% interest in a Mexican mining company which owns several gold, silver and copper deposits in Sonora state. Chutine will issue up to 17 millio…
Former Noranda researcher occupies Queen’s Mine design chair
Queen’s University’s $1 million Chair of Mine Design has been filled by Professor William Bawden, a former researcher with Noranda Inc. The chair, funded by the Ontario Ministry of Northern Developmen…