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 …
News
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…
Pegasus planning merger with U.S. gold producer
Although the company hasn’t abandoned its policy of developing new mines, Pegasus Gold (TSE) appears to have switched strategy, at least temporarily, to increase its gold output. Pegasus has entered i…
NIM Management files prospectus
Because of the federal government’s new policy on flow- through shares, NIM Management will be filing a preliminary prospectus for two million limited partnership units ($200 million) of NIM Resource …
Skyline test milling
Test milling is expected to begin at Skyline Explorations’ (VSE) Johnny Mountain gold property by month-end and full production by mid-June, the company claims. The lower level adit now extends for ab…
General News & Comment (May 16, 1988)
The Nugget mine near Salmo, B.C., which boasts an impressive record of no accidents and no time lost, was awarded the 1987 Safety Award by the West Kootenay Mine and Industrial Association. Ralph McGi…
Strengthening dollar cuts Brunswick’s quarterly earnings
High metal prices and increased production contributed to a profitable first quarter for Brunswick Mining and Smelting Corp (TSE). Net earnings for the quarter were $3.9 million or 11 cents per share …
Canamax gold discovery boon for Kremzar mill
When Canamax Resources (TSE) decided to build a brand new 500- ton-per-day mill to process ore from the soon-to-be-producing Kremzar property near Wawa, Ont., the facility was designed to handle an ad…
Falconbridge, Beaufield to resume drilling
Falconbridge Ltd. (TSE) plans to resume drilling this month on the Lac Rouleau, Que., gold project held with partner Beaufield Resources (TSE). The program will focus on the 18 zone which has been tes…