United Keno losses
United Keno Hill Mines (TSE), an affiliate company of Falconbridge Ltd reported another loss, this time for the third quarter ended Sept 30. For the period, the silver mining company lost $1.9 million…
News
Letters to the Editor Geological grads better equiped
I have pondered for several years the potential role of mining geologists in rock mechanics/strata control aspects of mining, and agree with the comment in your editorial (N.M., Oct 17/88. “Rock mecha…
Cheni construction nearing completion
Surface construction at Cheni Gold Mine’s (TSE) Lawyers project north of Smithers, B.C., is almost complete, says Paul Girard, president. Equipment testing and commissioning for the company’s 550-ton-…
Cambior to produce from Pascalis Mine
A positive production decision has been made by Cambior Inc. (TSE) for its Pascalis Mine located 15 miles east of Val d’Or, Que. The production decision is the second made by Cambior this year and is …
Formal Production Decision for Samatosum
With all government approvals in hand, the board of Minnova Inc. (TSE) recently made a formal decision to bring the Samatosum project near Adams Lake, B.C. into production. The company has a 70% inter…
Letters to the Editor Rock mechanics research improving mining
Your Oct 17th editorial presents an opportunity for comment. The mining industry operators have understood, for some time, the need to “involve rock mechanics engineers in the mine design process.” A …
Noranda’s earnings get big boost from minerals
Strong markets during the normally slack summer period are reflected in a healthy Noranda Inc. (TSE) balance sheet to the end of September. The resources giant recorded third-quarter net earnings of $…
Spot prices at a glance (November 07, 1988)
Week’s Price (US) Change Gold (per oz) $412.50 + $ 5.00 Silver (per oz) $ 6.35 + $ 0.10 Platinum (per oz) $573.00 + $34.00 Copper (per lb) $ 1.53 + $ 0.04 Lea…
Golden Rule drilling intersects high grade at Weedy Lake project
Recent drilling on Golden Rule Resources’ (TSE) Weedy Lake property located in the La Ronge belt of northern Saskatchewan has returned more high grade gold intersections. Two holes were drilled to tes…
Zinc refuses to be left behind
While attention has been focused on the price of copper of late, another base metal has been showing its strength. Zinc is on the move after a summer lull, the spot price of the metal recently hitting…
Aur buys property
Aur Resources (TSE) has acquired a base metals prospect from Abbey Exploration (TSE). The 12-claim property, known as the Lugold, is located near Val d’Or, Que. Aur purchased the 100% interest for $12…
Metal Prices (November 07, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Nov 1 Oct 31 Oct 28 Oct 27 Oct 26 Copper 1844-18…