Editorial Inco does it again
What is possibly the world’s first all-electric operation for a hardrock mine, Inco Ltd.’s Crean Hill nickel-copper mine at Sudbury, Ont., has shipped its first train load of ore to mark the beginning…
News
Analysts not ecstatic on Dome/Placer merger
The merger of Placer Development, Dome Mines, and Campbell Red Lake Mines, has generated mixed reviews from Canadian mining analysts. Few are outright ecstatic about the plan but they tend to agree th…
Golden North
Diamond drill programs on the Nickel Plate Mountain properties of Golden North Resources Corp., near Hedley, B.C., are returning encouraging gold assays. The programs are under the direction of Mascot…
Muscocho reports a loss in 1986
With record exploration expenditures in 1986, Muscocho Explorations has reported a loss for the year, after non-cash items consisting of depreciation, amortization and preferred share dividends, of $4…
Toronto Stock Exchange Steady gold price behind directionless
A bout of sloppy trading was evident on the exchange this week as gold prices steadied at $458(US) per oz after repeated stabs through the $460 level. The directionless trading and minor profit takin…
Madeleine is full steam ahead
Progress being made at the Lac Des Iles’ project of Madeleine Mines in northwestern Ontario makes it almost a certainty that this country will soon have its first straight platinum-paladium producer -…
Mono planning underground work
Mono Gold Mines says that drill indicated and inferred reserves at its Bannockburn project 167 miles northeast of Toronto now stand at 372,154 tons grading 0.395 oz. The reserves are calculated over a…
Conwest to issue convertible debentures
Conwest Exploration recently entered into a “bought deal” underwriting agreement with McLeod Young Weir, Merrill Lynch Canada and Dominion Securities. Under the agreement, the underwriters will purcha…
Barrick disposes
Toronto-listed American Barrick Resources Corp. has completed its planned disposition of all its non- gold assets. It has sold its two coal supply agreements and certain mining equipment, representing…
Master signs deal to explore Hunter gold mine in Timmins
The gold discovery that started it all in the Timmins-Porcupine camp in 1908 — the old Hunter Gold mine — could come to life again. Eric Davis, chief executive officer of coats-listed Wabigoon Resou…
Watch it grow again: profit for Battle Mountain
Improving gold prices and lower unit production costs are the prime reasons for the 50% increase in profit posted by U.S.-based Battle Mountain Gold in its first quarter. A profit of $8.8 million or 2…
Metal Prices FREE MARKET London Metal Exchange (May 18, 1987)
Spot closing prices in Pound Sterling per tonne Date May 12 May 11 May 8 May 7 May 6 Copper 909-910 918-920 860-908 892-893 876-877 Lead 409-413 419-421 …