Queen’s studies ways to guage productivity
Ontario metal miners will benefit from a research program at Queen’s University in Kingston that is studying new ways to measure mining productivity. Industry-wide results traditionally have been used…
News
NovaGold to sell projects
NovaGold Resources (TSE) has signed an agreement with Orex Explorations (ME) to sell its interest in the Goldenville and Cochrane Hill gold projects in Nova Scotia. Orex has the right to buy a 70% int…
Shipping concentrate to Sherritt Nickel mine opens in Timmins
Concentrates from the Redstone nickel mine — Ontario’s newest — are being shipped to Sherritt Gordon Ltd.’s (TSE) nickel refinery in Fort Saskatchewan, Alta. Situated near Timmins, Ont., the Redston…
Friedland undaunted by Wellgreen’s past failure
To say the Wellgreen polymetallic sulphide project in the Yukon has its skeptics is something of an understatement. A subsidiary of Hudson Bay Mining & Smelting is said to have lost about $20 million …
Toronto Stock Exchange Gold sector hammered by strong U.S. dollar
The metals sector took a double- barrelled blast from plummeting gold and copper prices. The gold and silver index lost another 37.77 pts to close at 5254.69 pts whereas metals and minerals managed a …
Tusk exercises option
Tusk Minerals (ASE) has exercised its option to earn an additional interest in a gold-copper property near La Ronge, Sask. The property includes the former producing Anglo-Rouyn mine which closed in 1…
Abitibi Metal Mines concludes placement
A private placement worth $735,000, involving 3,675,000 shares at 20 cents each, has been finalized, Abitibi Metal Mines (ME) reports. The funds will go towards exploration work carried out on the Jol…
Beauchamps expands holdings in B.C.
Beauchamps Exploration (VSE) has acquired five claims in the Stikine area of northwestern British Columbia. The company purchased the ground for $5,000 and 100,000 shares from treasury. The property i…
Dolphin launches Cape Ray program
A $4-million exploration program is set to begin this month on Dolphin Explorations’ (TSE) Cape Ray gold property in southwestern Newfoundland. About half of the program’s budget will be spent on surf…
Metal Prices (May 29, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 23 May 22 May 19 May 18 May 17 Copper 1617-16…
Oil and gas sustain Total Energold
First quarter financial results for Total Energold Corp. (TSE) show a net loss of $504,000 or 2 cents a share compared with a loss of $2.4 million or 10 cents a share in the comparable period of 198…
Metal Prices PRODUCER PRICES (May 29, 1989)
ALUMINUM: MW U.S. Market US99.50 cents – $1.02 per lb. (May 18, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.40-$6.55(US) per lb (May 11, …