Metal Prices (October 03, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Sept 27 Sept 26 Sept 23 Sept 22 Sept 21 Copper 1478…
News
Granges Seeks To Overturn Share Purchase By Hemlo Gold
In a surprise move, Hemlo Gold Mines (TSE) picked up approximately 9.8% of the outstanding common shares of Granges Exploration (TSE). Owned 51% by Noranda Inc. (TSE), Hemlo Gold paid $9.1 million for…
HISTORY OF CIP
Gold is the only metal which has the combination of lustre, easy workability and virtual indestructibility and also rarity. This means ways are continually being sought to identify new feed sources an…
NO-FRILLS PRODUCER
American Barrick’s wholly-owned Camflo mine 12 miles west of Val d’Or, Que., rates but one page in the company’s 62-page, 1987 annual report. Barrick’s Mercur and Holt-McDermott mines and the Nevada g…
Poor ground conditions slow Yorbeau’s Astoria shaft sinking
Shaft sinking at the Astoria property near Rouyn-Noranda, Que., has reached a depth of about 900 ft, between the sixth and seventh levels, Karl Glackmeyer, president of Yorbeau Resources (TSE), told T…
On the Move (October 03, 1988)
The new Komatsu Dresser Co. of Libertyville, Ill., has elected a 6-member management committee. They are: John Murphy, chairman, president and chief executive officer of Dresser Inc.; Masao Tanaka, pr…
Alberta Stock Exchange Investors stay away (October 03, 1988)
The summer doldrums have turned to fall slumbers as investors find less speculative ways to invest their savings. Even though gold climbed out of its recent freefall to close at $400(US) per oz, the e…
Cross-cuts STONE AGE STALLION
A horse head skeleton dug out of the Yukon’s rich archeological closet by a placer mining operation south of Dawson has officials at the National Museum of Natural Sciences in Ottawa elated. They now …
Kerr Addison and Minnova form joint venture
Kerr Addison Mines (TSE) and its subsidiary, Minnova Inc. (TSE) will form a joint venture to explore the 250,000 hectares of exploration property held by the two companies. The joint venture will be f…
THE CARBON SOLUTION
Recovery of gold from cyanide leach solutions can be carried out by zinc precipitation, carbon-in-pulp (CIP) and resin-in-pulp methods. CIP has been generally favored as the method in recently constru…
POINTERS FOR PLANNERS
Much of mine maintenance these days is based on the idea you can predict when a machine will fail. The reasoning goes like this: If you know when a component is going to fail and it costs less to repl…
Toronto Stock Exchange Trading activity depressed by bearish
A base of support appears to be building around the 3,200-pt mark as another week of directionless trading came to a close. Today’s close of 3,266.15 pts was down 4 pts — typical of the trading activ…