News

Nevada Mines and Geology Special Publication MI-1987, “The Nevada Mineral Industry — 1987,” is now available. This publication is ninth in a series of annual reports that summarize mining, oil and ge…

The Stillwater platinum- palladium mine in Montana now has two owners. The board of directors of Manville Sales Corp. has approved a deal whereby Manville and Chevron Resources will purchase the one-t…

Heavy exploration activity in Northwestern British Columbia for both gold and copper and the promotional abilities of Murray Pezim, can be collectively credited with generating the lion’s share of rec…

A production decision could come in the new year for the Simkar gold project near Val d’Or, Que., Ronrico Explorations’ (VSE) President Donald Kemp told shareholders at the company’s annual meeting in…

ALUMINUM: MW U.S. Market $1.06-$1.08 per lb. (Nov 22, 1988). ANTIMONY: New York dealer 95 -$1.00 per lb. (Nov 3, 1988). BISMUTH: New York dealer $6-$6.15 per lb. (Nov 22, 1988). CADMIUM: New York deal…

Silver producer United Keno Hill Mines (TSE) of Toronto says it is filing a preliminary prospectus with respect to its previously announced rights offering to shareholders. The preliminary prospectus …

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Dec 153.25 150.00 151.25 — 2.25 Jan 146.00 145.50 144.80 + 0.80 Mar 135.45 131.80 133.60…

A proposed takeover bid (at $1.50 per share) of a junior by Quebec gold producer Cambior Inc provoked a response by the junior, but it wasn’t perhaps what Cambior was expecting. The junior, Nova-Coges…

COATS-listed Kenora Prospectors and Miners has reported more encouraging values from follow-up drilling on the Shoal Lake gold property located 40 miles west of Kenora, Ont. One of the target zones of…

Net income of $543,363 (14 per share) on revenue of $5.7 million was recorded by Malartic Hygrade Gold Mines (Canada) (VSE) during the first nine months of 1988, compared with $3.3 million (91 per sh…

The Chu Chua massive sulphide deposit near Kamloops, B.C., is being evaluated by Minnova Inc. (TSE) for potential open pittable, high grade copper ore that might supply additional feed to the Samatosu…

Relatively low production costs continue to be the order of the day at the Hemlo gold camp in northern Ontario, where production from the three gold mines operating there is expected to total about 90…