News

Quebec prospectors contemplate industry slowdown

Delegates to the annual convention of the Quebec Prospectors Association (QPA) staged here recently are preparing themselves for a period of transition after a year which saw a boom in mining explorat…


Cominco Debt Trimmed

During the first half of 1988, Cominco Ltd. (TSE) earned $78.5 million (91 cents a share) before including an extraordinary gain of $1.7 million, as compared with a profit of $25.9 million (24 cents …


Imperial puts Esso Minerals assets on sale

Imperial Oil has announced plans to sell Esso Minerals Canada so it can concentrate corporate resources on the energy related, petroleum product and chemical businesses. Esso would prefer to sell its …


McKinnon, Larche to be questioned at Lac hearing

Prospectors Donald McKinnon and John Larche are scheduled to appear at an Ontario Supreme Court hearing in which Lac Minerals (TSE) is trying to get a retrial of its court case with Corona Corp. (TSE)…


Varna encouraged by Newfoundland values

Calgary-based Varna Gold (ASE) says it has encountered some encouraging gold values at its wholly- owned Mings Bight property on Newfoundland’s Baie Verte Peninsula. Following a program which included…


Teck to mine Comet-Davenport

Teck Corp. (TSE) plans to mine the Comet- Davenport property near its Afton copper mine at Kamloops, B.C. Three Vancouver-listed companies: Comet Industries, Davenport Industries and Initial Develope…


Books Mining Review

The 1988 edition of the Mining Annual Review is now available. This internationally known and respected publication offers information on metals and minerals, technical progress reports on mineral exp…


Stan West pours gold at McCabe in Arizona

First gold has been poured at Stan West Mining’s (TSE) McCabe mine, a former producer three miles west of Humboldt, Ariz. A study by the consulting firm of Derry, Michener, Booth and Wahl indicates th…


Canada Tungsten ups position in Minerex

By way of private placement, Canada Tungsten Mining Corp. (TSE) has agreed to purchase additional shares and warrants of Minerex Resources (VSE) for $1.8 million. Upon completion of this transaction, …


New Zone Discovered on U.S. Borax Star Property

Two contiguous gold properties located in southeastern British Columbia are providing an exploration focus for Reymont Gold Mines (ASE), Lectus Developments (VSE) and Ryan Exploration, a subsidiary of…



Spot prices at a glance (September 26, 1988)

Price (US) Change Gold (per oz) $401.60 -$20.30 Silver (per oz) $ 6.19 -$ 0.32 Platinum (per oz) $492.00 -$32.00 Copper (per lb) $ 1.11 -$ 0.02 Lead (per lb) $ 0.27 -$ 0.01 Zinc…


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