CIM a success, trade show a money-maker
More than 1,400 delegates signed up for the 90th annual meeting of the Canadian Institute of Mining and Metallurgy held at the convention centre on the banks of the north Saskatchewan River in this ho…
News
Bishop suspends mining and milling pending review
President Rene C. Mutsaerts of Bishop Resources Development (VSE) reports that two shipments of lead, zinc, silver and gold concentrate have been made from the Duthie mine and that the mill on the pro…
Vancouver Stock Exchange Rate fearts send market down
Last week the federal government’s decision to extend and enhance flow-through (at least for juniors) was greeted with a big yawn; but the market has backed off since then and today it followed Toront…
Strengthened Noranda looks for even better year in ’88
First-quarter results by Noranda Inc. (TSE) picked up where they left off at the end of 1987, with the diversified resources company recording net earnings of $129 million, or 66 cents per share, com…
Obituary William Bawden
William E. Bawden, a former chief engineer in the 1950s and 60s of the then-Ontario Department of Mines, inspection branch, has died at Port Hope, Ont., at age 90. A 1926 mining engineering graduate o…
$500 million deal Placer to sell Falco stake
Gold-producer Placer Dome (TSE) wants to divest itself of its almost 25% interest in Falconbridge Ltd. (TSE), shareholders were told at Placer’s annual meeting which took place in Toronto. Placer has …
Metal Prices FREE MARKET (May 16, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 10 May 9 May 6 May 5 May 4 Copper 1320-1330 1232-1234 1182-1184 1200-1202 1188-1190 Lead 337-339 …
Metal Prices PRODUCER PRICES (May 16, 1988)
ALUMINUM: MW U.S. Market $1.08-$1.11 per lb. (May 5, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (May 5, 1988). CADMIUM: New York …
Beardmore mill offically open
Official opening ceremonies for a gold mill in the village of Beardmore, Ont., were held this week by Ateba Mines (TSE) of Toronto. The company is using an ore sorting machine to upgrade mine waste du…
Granges’ Tartan mill shut down for repair
The milling operation at Granges Exploration’s (TSE) Tartan Lake gold project near Flin Flon, Man., has been shut down because of mechanical problems. Apparently an idler shaft in a rod mill cracked, …
Skylark finds high grade gold at Finlay River land holdings
The executives at Skylark Resources, (VSE) Vancouver offices say they are encouraged by some high grade gold/silver discoveries at the Toodoggone gold camp in northern British Columbia. The latest dis…
Control block of Falconbridge worth $500m.
Anyone with $500 million and an urge to purchase the controlling block in Falconbridge Ltd. (TSE) is advised to talk to Placer Dome (TSE). The giant gold producer says it wants to unload its Falconbri…