Editorial There won’t be an oversupply of gold
The price of gold has been rather sluggish of late, breaking that so-called $440(US) barrier on the downside again this week. Naturally, this is causing some concern in investment circles, certainly t…
News
St. Andrew adds more land to Stock Twp. holdings
In a bid to increase its share of gold reserves at the Stock Twp. property near Timmins, Ont., St. Andrew Goldfields is buying an additional block of claims to the north and east of the property from …
Metal Snips (February 29, 1988)
World crude steel output rose to 734.7 million tonnes in 1987, 2.7% above the tonnage produced in 1986, according to preliminary figures issued by the International Iron and Steel Institute.
Metal Prices PRODUCER PRICES (February 29, 1988)
ALUMINUM: MW U.S. Market 93.50 cents -96.50 cents per lb. (Feb 11, 1988). ANTIMONY: New York dealer $1.14-$1.18 per lb. (Jan 14, 1988). BISMUTH: New York dealer $5.15-$5.40 per lb. (Feb 11, 1988). CAD…
Westar seeks debt relief, along with higher prices
Calling himself an “eternal optimist,” Westar Mining President Peter Dolezal is confident the coal company’s problems will be turned around. The problems, he says, are threefold. Coal prices are too l…
Win-Eldrich resumes work on Nevada gold property
Win-Eldrich Mines has completed a preliminary feasibility study on its Ashdown gold property in Nevada and plans to start a 5,000-ft reverse circulation drilling program before the end of February. Re…
Bentley plans production at California gold mine
Breathing new life into the former producing Bagdad Chase gold mine, Bentley Resources is working towards starting up a 350-ton-per-day operation in October this year. The mine, located in the Mojave …
Vancouver Stock Exchange First quarter is normally slow
The first quarter is generally slow in Vancouver and this year is no exception. Weaker gold prices have compounded the situation further, but even at these levels producers can still make a tidy profi…
Highland Valley relocating mills
A $70 million construction program will be undertaken by Highland Valley Copper in British Columbia to relocate two mills to a site adjacent to the Lornex Mining milling complex. The program is expect…
Letters to the Editor Cominco’s smelter means U.S. jobs
Recent press reports have wrongly portrayed Cominco’s large zinc-lead-fertilizer complex at Trail as a threat to employment in Montana and Idaho (N.M., Feb 1/88). The reverse is true. Cominco’s smelte…
Lead/zinc meetings
The 60th annual meeting of the Lead Industries Association and the 70th annual meeting of the Zinc Institute will open April 11 in Chicago. The 3-day lead/zinc affair will cover marketing and supply-d…
Montreal Exchange: Freewest options bet
Montreal junior Freewest Resources has struck a deal with an Australian mining firm. A subsidiary of “down under” company Ashton Mining has acquired an option from Freewest to earn a 65% interest in t…