Plexus moving toward production on Rawhide
In relative obscurity, Plexus Resources (TSE) and Kennecott Corp. have been developing a Nevada open pit mine that will rank as the fourth largest heap leach producer in the U.S. The Rawhide project, …
News
Cominco VP makes profitable trades
One of Cominco Ltd.’s (TSE) top executives earned a substantial profit recently while buying and selling shares of the Vancouver- based resource giant. John Fletcher, a senior vice- president in Comin…
Noble Peak to option U.S. zinc property
A large base metals deposit in Utah, held by a financially strapped junior, Noble Peak Resources (ASE), is on the auction block. “We expect to have an offer from a major U.S. mining company within thr…
Vancouver Stock Exchange Few bearish on gold sector
With the gold price surpassing the $400(US) mark and holding, it’s hard to find anyone bearish about the yellow metal’s future these days. While gold’s performance is always difficult to predict, that…
Aur, Louvem fight will stall project Noranda officer says
Underground exploration will not begin at the copper-zinc discovery of Aur Resources (TSE) and Societe Miniere Louvem (TSE) until a legal dispute involving the two companies is settled, says a top Nor…
Rio Algom ends talks with Uranium Resources
Negotiations between Rio Algom (TSE) and Uranium Resources (TSE) for a proposed takeover of Uranium Resources by Rio Algom were terminated. The two companies had previously signed a non-binding letter…
Albino faces hearing
The Ontario Securities Commission has issued a Notice of Hearing against George Albino, former chairman and chief executive officer of Rio Algom (TSE). The hearing, scheduled to take place on Jan 20, …
Northgate companies make progress on varied North American
Over the last two years Northgate Exploration (TSE) has spent in excess of $180 million and been involved in about 14 investments and acquisitions, which probably give it the honor of being North Amer…
Homestake find near Lupin Mine gets confirmation
A subsidiary of Homestake Mining (NYSE) recently confirmed long-standing rumors that a major “Lupin-type” gold deposit was discovered in the Northwest Territories. Robert Boyd, director of Canadian ex…
U.S. Precious Metals, partners open Mother Lode gold mine
A dedication ceremony was held Nov 18 to mark the official opening of the Mother Lode open pit gold mine near Beatty, Nevada. The 2,500-ton-per-day heap leach mining operation is held by a joint ventu…
Metal Prices PRODUCER PRICES (November 27, 1989)
ALUMINUM: MW U.S. Market US76.00 cents – 77.00 cents per lb. (Nov 16, 1989). ANTIMONY: New York dealer US85 cents -90 cents per lb. (Nov 9, 1989). BISMUTH: New York dealer $4.55-$4.65(US) per lb. (No…
Alberta Stock Exchange Gold issues lacklustre
The price of gold may have risen above $400(US) for the first time since January, but the yellow metal’s return to health wasn’t really reflected in Alberta share prices for the week ended Nov 21. Man…