Editorial Budget of broken promises
Promises. They’re easy to make, and in the case of politicians, difficult to keep. The Tory budget tabled by Finance Minister Michael Wilson in parliament last week was supposed to be a model of stric…
News
Spot prices at a glance (May 08, 1989)
Price Week’s ($US) Change($) Gold* 376.50 — 7.90 Silver* 5.64 — 0.14 Platinum* 534.50 +13.50 Nickel** 6.54 — 0.22 Lead** 0.29 + 0.01 Copper 1….
Giant Yellowknife to mine reserves of Hoyle property
Agreement has been reached between Giant Yellowknife Mines (TSE) and Falconbridge Gold (TSE) whereby the former has obtained the right to mine, subject to tonnage royalty, known gold reserves on the l…
Grant to help Indians in deal with Bond Gold
The Windigo tribal council will receive a $46,000 provincial grant to fund the implementation of an agreement with Bond Gold Canada (TSE). The band will get social and economic benefits from Bond’s Go…
What’s New Loadstar at Westar
The Greenhills mine in southwestern British Columbia began using a new Demag H285 hydraulic excavator in 1988. The unit is the first in Canada, according to Wajax Industries of Etobicoke, Ont., distri…
50 Years Ago YELLOW TIDE FLOWS TO AMERICA
Pouring in panic across the Atlantic, gold has fled Europe like a refugee from a battlefront. Nothing, in size, to compare has been seen before. The amount received, monthly by the U.S., a little by C…
Historical plaque to be unveiled at Brittania
A plaque commemorating the historic mining town of Brittania Beach, B.C., will be unveiled by Mary Collins, M.P., on May 13. A reunion for former employees and residents of Brittania mines will be hel…
50 Years Ago QUERY
Would you consider Teck-Hughes a good mine to invest money in, or is it likely to peter out in the very near future? — A. B. Verdun, Que. Teck-Hughes is not likely to peter out in the near future. Th…
50 Years Ago OPEN MOLYBDENITE AT REGNERY
Bulk sampling on the first level of the Regnery Metals molybdenite property, at Hawk Junction, Ont., has been under way for the past two months and will be completed shortly. Previously, channel sampl…
50 Years Ago NEW WORK PLANNED AT SIOUX GOLD
Sioux Gold Mines, which holds property near the Alcona Mine on the east side of Walton Lake (12 miles from Sioux Lookout, Ont.), is planning an exploration campaign including diamond drilling and surf…
Metal Prices FUTURES PRICES (May 01, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May138.55 136.00 138.30 — 2.60 Jul135.50 132.60 135.40 + 2.20 Sep130.00 127.70 …
50 Years Ago ZINC OUTPUT DROPS
Canada produced 30.6 million lb of zinc during January. In the preceding month 31.9 million lb were produced, while in January, 1938, the output was 34.8 million lb. The average price of zinc on the L…