Placer deposits comment not correct
Your article of August 22nd on Queenstakes’ placer operation in the Atlin mining camp of British Colubia was both enjoyable and informative. However, two comments on placer deposits in general were in…
News
Metal Prices (September 05, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 30 Aug 29 Aug 26 Aug 25 Aug 24 Copper 1392-1394 N/A 1398-1399 1396-1398 1378-13…
Major reduction in ore processing nets $1.6 million loss for
A loss of $1.6 million or 12 cents per share — the first quarterly loss since 1977 — has been realized by Agnico- Eagle Mines (TSE) for the second quarter ended June 30. The loss is attributed by m…
Alberta Stock Exchange Biron bucks trend
In the last vestiges of a long hot summer, the retail-oriented Alberta Exchange is still waiting for a fall buying spree to pull the market out of its current state of lethargy. Volumes continued to b…
Heap-leach operation planned by Novagold
An open-pit gold-silver mine is planned by Novagold Resources (TSE) at Restigouche Cty., N.B., in the Bathurst area. Capital cost of the mine is estimated at $6.1 million. The Atlantic Canada Opportun…
Books in Review North American gold stocks book (September 05, 1988)
Buying and selling North American gold stocks holds the excitement, fascination and profit-potential of investing in other forms of gold, but with the measured prudence and rational decision-making re…
Mining to become a cornerstone of Alaskan economy says report
A state government report on Alaska’s mineral industry concludes that mining will “again become a cornerstone of the state’s economy.” Alaska’s Mineral Industry, 1987, the annual economic summary of m…
Mishibishu rush compares to Hemlo
A mini-Hemlo camp in the making at Mishibishu Lake? That’s the impression one quickly gathers after a helicopter flyover of this bustling new gold area and meeting first hand with its key developers. …
Noranda ups stake in Falconbridge
In the market to become the world’s largest diversified resource company, Noranda Inc. (TSE) has emerged with a 19.5% stake in Falconbridge Ltd. (TSE). After weeks of intermittent buying, Noranda stop…
Reynolds gold mine expansion
Reynolds Metals Company recently announced a planned expansion of the Boddington Gold mine in Western Australia to double its original processing capacity, making it the largest gold mine in Australia…
Better gold sales aid Canamax results
An increased level of gold sales enabled Canamax Resources (TSE) to realize an increase in operating earnings from mines in production. However, for the second quarter ended June 30, the company had a…
Sonora Gold Corp
An operating loss of $2 million was realized by Sonora Gold Corp.’s (TSE) Jamestown gold mine in California for the first half of this year. The project, which generated revenues of $19.3 million from…