Cambior’s prospects
With its new Beliveau gold mine east of Val d’Or, Que., up and running, Cambior is turning its attention to bringing another of its many exploration projects into production. Although its exploration …
News
Gold, base metals figure in Teck deals with juniors
Not much noise is being made about it, but Teck Corp. (TSE) appears to be once again courting junior companies with promising exploration projects. The Vancouver-based major mining company recently en…
Placer Dome in second phase drilling at Mexican Hat
A second- phase drill program by Placer Dome U.S. is under way on the Mexican Hat bulk tonnage gold property in Cochise Cty., Ariz. Oneida Resources (VSE) began exploring the gold prospect early this …
Letters to the Editor Alexanders Laing did not reneg’
I was dismayed to read your editorial regarding Alexanders Laing & Cruickshank and the exercise of their “right of withdrawal” in respect to the recent financing of Prime units (“Welshing on a bet,” N…
Metal Prices FUTURES PRICES (November 06, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov– — 115.95 + 1.05 Dec118.50 117.40 118.25 + 3.15 Jan116.00 114.40 115.65 -…
Major General busy in Newfoundland
Vancouver-based Major General Resources reports that a diamond drilling program has started on its Rendell-Jackman gold property held under option from Noranda Inc. (TSE) in north-central Newfoundland…
St. Genevieve to earn 50% in Wrightbar copper bet
A subsidiary of Montreal-based St. Genevieve Resources (TSE) has agreed to earn a 50% interest in the southern half of a Val d’Or, Que., area copper project held by Wrightbar Mines (ME). Situated in B…
Toronto Stock Exchange Senior gold issues rack up solid gains
Senior golds continued to make healthy gains, leading the composite index to a 16.97-point gain on Nov 1. The gold and silver index advanced 83 points to close at 6571.44 points — up more than 8% thi…
Aurizon uncovers new vein structure
Exploration work on the Sleeping Giant gold mine property north of Amos, Que., in the area of the current mine workings, has succeeded in uncovering mineralization from the down-dip extensions of the …
Metal Prices PRODUCER PRICES (November 06, 1989)
ALUMINUM: MW U.S. Market US79.00 cents – 80.00 cents per lb. (Oct 26, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…
Earnings mount for Teck Corp.
The latest financial results for Teck Corp. (TSE) show increased earnings for the nine months ended September 30 because of higher base metal prices and increased gold production from the David Bell m…
Acadia board in state of flux
A shakeup is in the works at Acadia Mineral Ventures (TSE) which could cost President Donald Smith his job. Before the company’s annual meeting in Toronto could be properly constituted, Smith announce…