FUTURES PRICES Metal Prices N.Y. Commodity Exchange Week’s High
00 578.50 + 13.00 ** GOLD (in US$ per oz.) ** ** Dec418.70 415.30 417.90 + 14.40 ** ** Feb424.20 419.60 422.80 + 13.90 ** ** …
News
Newmont Gold’s gold output tops 1-million-oz level
Gold production from Newmont Gold’s (NYSE) Carlin, Nev., operations topped the 1-million-oz level, according to financial results released recently by the 90% owned Newmont Mining (NYSE) subsidiary. D…
Spokane convention a hit at 3,600 miners register
As demonstrated by the record turnout for the 95th annual convention of the Northwest Mining Association, the mining industry is alive and well in the western U.S. and Western Canada. Just more than 3…
St. Andrew’s mine off to good start
The Stock Township gold mine owned by St Andrew Goldfields (TSE) is expected to produce 27,000 oz of gold next year. Situated east of Timmins, Ont., the mine entered production on Oct 1, following a s…
Survey issues Skaergaard report
A geological report titled Gold Mineralization in the Skaergaard Intrusion was released recently by The Geological Survey of Greenland. It contains assay data indicating low gold values in 10 surface …
Copper-gold find at Hanson Lake (December 18, 1989)
A copper- gold discovery was recently made by Cazador Explorations (VSE) on its Hanson Lake property near Burns Lake, B.C. .T The mineralization was encountered in the main discovery trench within o…
Radisson plans bulk sample
A 10,000-tonne bulk sample from the Duquesne gold mine property near Rouyn-Noranda, Que., is scheduled for extraction during the last week of January, 1990, Radisson Mining Resources (ME) reports. Loa…
Sampling ups RJK’s reserves
Estimates of the amount of gold contained in the Box and Athona deposits near Uranium City, Sask. are about to increase significantly due to a sampling/assaying program called total gold extraction. T…
Cathedral in red ink for third quarter
A net loss of $113,000 was reported by Cathedral Gold (TSE) for the third quarter ended Sept 30. For the first nine months of the year, net loss was $256,000 on revenues of $1.22 million. Gold product…
Zone results confirm Monique lens extension
Results from the G zone of the Monique property in Louvicourt Twp., in the Val d’Or area of Quebec, confirm the extension of the gold-bearing lens above the known lens, as well as to a minimum depth o…
Correction (December 18, 1989)
A tonnage figure of one million tons grading 0.30 oz gold per ton reported for the Little Stull gold project in northeastern Manitoba (N.M. Sept 4/89) was incorrect. Westmin Resources (TSE), the opera…
Jonpol raises $1.3 m for Garrison project
Jonpol Explorations (TSE) says it has completed a prospectus financing with Richardson Greenshields of Canada, whereby the company has received $1.3 million. Of that amount, Jonpol says $1.04 million …