News in Brief (August 29, 1988)
Hudson-Yukon Mining Co. Ltd. has merged by amalgamation into All-North Resources Ltd.. Shareholders of All-North Resources will receive one-new-share for each old share; holders of Hudson-Yukon Mining…
News
Starrex earnings
Earnings for the second quarter ended June 30, totalled $1.1 million or 27 cents per share Starrex Mining Corp (TSE) reports. For the six- month period, profit totalled $1.29 million. Earnings were d…
Drilling Planned for B.C. Silver Project
After uncovering high grade silver during their recent Phase I exploration program, 50/50 joint venture partners Schellex Gold (VSE) and Harrisburg- Dayton Resource Corp. (VSE) say a 4000-ft diamond d…
PRODUCER PRICES (August 29, 1988)
ALUMINUM: MW U.S. Market $1.24-$1.28 per lb. (Aug 11, 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 Yor…
Vancouver Stock Exchange Low volume, higher interst rates
The VSE market churned its way on very low volume through yet another quiet week. The most noteworthy event was the VSE Index dropping below the psychological 1000 mark, but this wasn’t enough to get …
Belore to earn 50% of United Reef bet
Toronto-based Belore Mines (ASE) has agreed to earn a 50% interest in United Reef Petroleums’ (TSE) Meat Cove deposit, the company said recently. Located on Northern Cape Breton Island, N.S., the zinc…
Miner shortage in Timmins area
A $1.2-million hard-rock miner training program, designed to train up to 220 miners in Northern Ontario in the coming year, doesn’t do enough to address the miner shortage in Timmins, says the general…
Stratmin bids to open first graphite mine
Production of graphite concentrate is expected to begin by early November from Stratmin Inc.’s (ME) open pit graphite mine located 22 km south of Mont-Laurier, Que. Known as the Mont-Laurier property,…
Metal Prices FREE MARKET (August 29, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 23 Aug 22 Aug 19 Aug 18 Aug 17 Copper 1356.5-1358.5 1349-1350 1315-1317 1298-1299 1265…
Cobalt News re-issue
The publisher of Cobalt News, the Cobalt Development Institute, plans to celebrate the 30th anniversary of its publication with a special commemorative re-issue. The institute invites researchers and/…
Approval given for ABM/Northgate deal
Toronto-based Northgate Exploration (TSE) has completed a transaction to acquire all of the shares of ABM Mining Group, a Vancouver holding company. The transaction gives Northgate 45% of the equity a…
Editorial Spending for the future
Exploration may be the lifeblood of Canada’s mining industry, but capital investment is what turns discoveries into the mines and mills that produce a marketable commodity. That’s why it is gratifying…