Muscocho aims to boost output
With the Magino gold mine ready to pour its first bar this month, and the Magnacon gold mine on stream for production during the first quarter of next year, Muscocho Explorations (TSE) is aiming to tu…
News
Pamour selling stake in Canadian Arrow
In the midst of a corporate restructuring, Pamour Inc. (TSE) is selling its 46.4% interest in Canadian Arrow Mines (TSE) to First Toronto Capital, a merchant banking company. Shareholders of Canadian …
Echo Bay mill to handle 5,000 tons ore per day
Described by Chairman Robert Calman as a company “writing its history on the run,” Echo Bay Mines (TSE) is aiming to produce about 550,000 oz gold this year and more than 700,000 oz in 1989. The compa…
Faro mine shut down due to strike
About 300 employees at Curragh Resources’ Faro lead-zinc mine are off the job after voting in favor of a strike June 10. While about 150 administrative workers and engineers not connected with the uni…
metal Prices FUTURES PRICES
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US} per lb.) Jun 109.00 108.50 108.50 — 3.00 Jul 106.80 102.90 …
Nugget effect could mean higher grades at McFinley
There seems to be little doubt that the third gold producer in the Red Lake, Ont., gold camp will be up and running in October. Located at Bateman Twp., about five miles north of the defunct Cochenour…
Miners help kids
Mining companies and their employees in British Columbia and The Yukon contributed close to a quarter of a million dollars during a recent Telethon campaign to raise funds for Vancouver’s Children’s H…
Platinum price surges
The price of platinum jumped 24% during the first five months of 1988, from $469.30(US) per oz in January to $615.70 on May 31. Strong demand from Japan for jewelry and investment purposes combined wi…
Balcor drilling extends depth
Diamond drilling has extended the depth of the North Shoot discovery at Balcor Resources’ (VSE) Lasthope deposit in Manitoba. Hole No 175 returned 11.6 ft of 0.26 oz gold and No 180 yielded 10.7 ft of…
Toronto Stock Exchange Summer rally pushes index near record high
Ground continues to be gained by the stock market which closed just shy of the 3,400-pt mark today. The market rally, which began several weeks ago, has added more than 200 pts to the composite index,…
Akaitcho still benefitting from Supercrest operation
With only about 80,000 tons remaining in two deposits, the Supercrest gold mine couldn’t be described as one of the Northwest Territories’ larger operations. A joint venture project involving Akaitcho…
Orex, Onitap make plans for Goldboro
A surface and underground exploration program costing an estimated $7.5 million is being undertaken this year on the Goldboro property in Nova Scotia by Orex Exploration (ME) and Onitap Resources (TSE…