LAC offering
A preliminary short form prospect with respect to the offering of seven million units (shares and warrants) will be filed with the Ontario Securities Commission by LAC Minerals (TSE). Each unit will c…
News
Higher metal prices help Noranda’s balance sheet
Known as a diversified natural resources company, Noranda Inc. (TSE) once had little to fall back upon but its copper production, Chairman Alfred Powis reminded shareholders at the recent annual meeti…
Prospector field school gets government grant
Ontario prospectors can learn about the latest techniques and methods of ground geophysics during a 3-day field school offered by the Haileybury School of Mines. The field school is funded by a $3,…
Market slump continues
Ongoing concern about the direction of the economy and gold’s dismal performance managed to keep investors on the sidelines for yet another week. The prolonged market slump has taken its toll on even …
CIM honors award winners at meeting in Quebec City
The 82nd president of the Cana 0000,0600 dian Institute for Mining and Metallurgy is John Laffin. He succeeded out-going president Rene Dufour as leader of the 12,000 – member society at the conclus…
Mining centre planned for Murdochville
A $1.5-million mining tourist attraction featuring a 20-minute underground tour of the old Miller mine is set to open here in June. To be known as the Murdochville Copper Interpretation Centre (Centre…
Metal Prices PRODUCER PRICES (May 15, 1989)
ALUMINUM: MW U.S. Market US99.00 cents – 99.50 cents per lb. (May 4, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.45-$6.60(US) per lb (Apr…
Toronto CIM plans excursion to view Pinch collection
A tour of the spectacular Pinch mineral collection at the National Museum of Natural Sciences in Ottawa is planned for CIM-Toronto branch members. Forty-six tickets are available for a bus excursion t…
Gold funds as of May 9
BGR Goldcorp Central MVP Capital1 Net value $11.59 % 7.25 % 6.26% 0.66 Price $ 9.125% 4.400% 5.50% 0.42 Discount $21.27% 39.3 % 12.1% …
Newfoundland plans first mining show (May 15, 1989)
Newfoundland’s first mining and mineral trade show will be held May 25-27 in Springdale. MINERALEX ’89 will showcase the products, services, equipment and technology of the Newfoundland minerals indus…
Yukon-Spanish connection Curragh buys 20% of smelter
An alliance forged between privately-owned Curragh Resources and Asturiana de Zinc, one of the largest zinc smelter operators in the world, is part of a 4-year plan designed to enhance Curragh’s posit…
Sphinx identifies additional reserves
An additional 500,000 tons grading 0.2 oz gold per ton have been identified above 1,500 ft at the Goldstack project 10 miles west of Val d’Or, Que., Sphinx Mining (ME) reports. Reserves in all classes…