Metal Prices FREE MARKET (August 15, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 9 Aug 8 Aug 5 Aug 4 Aug 3 Copper 1244-1245 1247-1249 1257-1259 1262-1264 1222…
News
Barrick’s newest mine revives old gold camp
As American Barrick Resources (TSE) opened the Holt-McDermott mine 25 miles north of here recently, no-one was denying that the company’s newest gold producer is an impressive feat of engineering. Sch…
Glen Auden to buy Ventex En. shares
A joint venture agreement involving Glen Auden Resources (TSE) and Ventex Energy (VSE) has been approved by the Toronto Stock Exchange, Glen Auden said recently. Under an agreement, Glen Auden can ear…
Rich Zinc Assays from El Mochito Mine
With daily production at the El Mochito mine in Honduras now averaging 2,000 tons per day, American Pacific Mining (VSE) is well into an underground exploration program to add reserves to this base me…
Editorial A brush with the law
Should it come as a surprise that criminal charges against prospector Donald McKinnon have been dropped? He had been charged in connection with the disappearance of some files from the mining recorder…
Coin Lake gets green light at Golden Reward operation
Toronto-based Coin Lake Gold Mines (TSE) has received permission to go ahead with gold production at the Golden Reward property in South Dakota. The company said it has received the necessary state mi…
Letters to the Editor Free trade & coal
As you have pointed out in your editorial (N.M., Aug 1/88) coal is a great mineral asset of our country and as a nation we should not ignore it at any time. Brought on stream at the right time any min…
Deep hole on hold, Goldpac
With only 400 ft left to go, and with the core beginning to show the right kind of alteration, Goldpac Investments (VSE) has encountered a 2-week delay in the deep drilling project on its Bar property…
Pelletier reserve estimate announced by Thunderwood
Partners Falconbridge Ltd. (TSE) and International Thunderwood Explorations (TSE) have made an initial reserve estimate at the Pelletier Lake gold property two miles southwest of Rouyn-Noranda, Que. B…
Metal Prices PRODUCER PRICES (August 15, 1988)
ALUMINUM: MW U.S. Market $1.21-$1.24 per lb. (Aug 4, 1988). ANTIMONY: New York dealer $0.99-$1.05 per lb. (July 21, 1988). BISMUTH: New York dealer $5.90-$6.05 per lb. (Aug 4, 1988). CADMIUM: New York…
Higher gold prices help boost Homestake’s operating profit
Driven by substantially higher income from gold and base metals, Homestake Mining Co. reported a 36% increase in operating earnings during this year’s second quarter. The giant United States mining co…
Letters to the Editor Canmamax’s rebuttal
In reference to a letter to the editor from J. H. J. Morgan (N.M., Aug 8/88), certain statements were made about Canamax’s 100% owned Kremzar project. I would like to point out some inaccuracies in hi…