Goldstack plans follow-up work
A new management team at Goldstack Resources (VSE) is hoping it will be able to follow up on favorable drilling results from its Yellowhammer copper-oxide property on the Utah-Nevada border. Encouragi…
News
Vintage metallurgy now “chemically correct”
With a wary eye on the environmentalists, quite a few gold mining companies are making a big to-do about recovering gold without cyanide. In this day and age, being “chemically correct” is highly desi…
LATIN AMERICA — Tuina running smoothly: Mahogany
Startup troubles at the Tuina copper mine in northern Chile, which went into operation in March, have been rectified, International Mahogany (TSE) reports. Direct operating costs at the project, which…
STOCK MARKETS — Summer doldrums make for quiet western
Western markets remained relatively quiet during the holiday-shortened week ended Aug. 4, with the Vancouver Stock Exchange composite index gaining 1.91 points to finish at the 580 level and the resou…
Sulphide nickel mines become more expensive
The competitive advantage enjoyed by nickel producers of sulphide deposits has eroded in recent years in favor of laterite operations, and a surge in costs in Canada must take a large part of the blam…
EDITORIAL PAGE — We all sink or swim
When Price Waterhouse talks mining, people listen. For the past 24 years, the firm has summarized the financial results and economic impacts of British Columbia’s mining industry, and its annual repor…
Falconbridge drilling at White Star
Shares of White Star Copper Mines (CDN) broke through the $1 mark in active trading on growing speculative interest in the current drilling being carried out by Falconbridge on the company’s small but…
Joint venture for Haile project
New partners Piedmont Mining (NASDAQ) and Amax Gold (NYSE) recently signed a definitive joint venture agreement for the Haile property near Kershaw, S.C. Amax announced the purchase of a 67.5% interes…
LATIN AMERICA — Kalahari active in Mexico
More than US$440,000 has been spent by a unit of Kennecott during the past 18 months on exploration of the lead-zinc-silver Parranda Manto project at Chihuahua, Mex., Kalahari Resources (VSE) reports….
OBITUARY — Richard Murphy
Well known mining engineer Richard (Dick) Murphy, long associated with the Newmont mining organization, has died at the age of 86 following a lengthy illness. A 1927 graduate of Harvard University and…
STOCK MARTKETS — Joint venture formed for Holloway gold
It was not a great week for the precious metals gold and platinum. The former fell by almost $10 while the latter succumbed to the protests of striking workers in South Africa. Although the gold price…
Spot prices at a glance (August 10, 1992)
Week’s Price (US) Change Gold* $352.90 – $5.30 Silver* $ 3.88 – $0.06 Platinum* $377.35 + $3.35 Nickel** $ 3.34 – $0.03 Lead** $ 0.30 + $0.01 Copper $ 1.13 – $0.01 Zinc $ 0.61 $0.00 Courtesy of Scotia…