THE PRESSURE IS ON
More money is being spent on rock mechanics research than ever before. The Mining Research Directorate in Ontario estimates there is $100 million being spent in Canada this year and about $20 million…
News
FUTURES PRICES Metal Prices (November 28, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 149.00 149.00 148.80 + 11.90 Dec 143.50 131.30 142.80 + 12.90 Mar 123.50 114.30 122.8…
Editorial Now the work begins
Canada’s thirty-fourth general election was a hard fought one, but the high energy level of the past seven weeks shouldn’t conceal the fact that the hard work of maintaining our prosperity and our way…
Echo Bay sells Nuinsco stake
Echo Bay Mines (TSE) has agreed to sell its controlling 53.8% interest in Nuinsco Resources (TSE) for $6.7 million or 87 per share. The sale to Deak International Resources follows the completion of …
Battle Mountain profit reflects higher sales
Anticipating sales of 305,000 oz in 1988, Battle Mountain Gold (TSE) is proving to be one of the more profitable gold producers in North America. Third quarter net income jumped 26% to $15.3 million a…
Montreal Exchange Messeguay/ Corona deal
When a senior takes an interest in a junior, watch out] Toronto-based Corona Corp. has announced it has reached an option agreement with Messeguay Mines whereby it may earn up to a 70% interest in a p…
Garimpeiros busy in Brazil’s Amazon
Brazilian gold prospectors or garimpeiros, (pronounced garim- pay-roos) are responsible for about 80% of that country’s gold output, a recent report says. The independent pick and shovel diggers, know…
Newly launched Bema Gold plans heap leach production in `89
Before the October, 1987, market crash, many junior companies were motivated for a variety of reasons to create and launch subsidiary or associated companies. Under present conditions, however, this t…
Granges gold output higher but quarterly loss reported
Despite higher gold output and revenues, Granges Exploration (TSE) posted a $1.2 million or 5 per share loss for the third quarter, compared to a profit of $822,721 or 5 for the same period a year a…
Metal Prices PRODUCER PRICES (November 28, 1988)
ALUMINUM: MW U.S. Market $1.07-$1.09 per lb. (Nov 17, 1988). ANTIMONY: New York dealer 95 -$1.00 per lb. (Nov 3, 1988). BISMUTH: New York dealer $5.90-$6.10 per lb. (Nov 17, 1988). CADMIUM: New York d…
Metal Prices (November 28, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 Copper 17…
RFC acquires 100% interest in closed zinc mine
RFC Resource Finance Corp. (VSE) has acquired an option to earn a 100% interest in a shutdown zinc mine. In Washington State, about 50 miles south of Trail., B.C., the Pend Oreille zinc-lead mine oper…