Hanson Lake results
Trimin Resources (VSE), formerly Tri Gold Industries, says recent drilling on the Hanson Lake project in northern Saskatchewan continues to return significant grades of zinc and copper with associated…
News
Editor’s Note SALVATION
The cover story this month relates to seemingly unsalvageable mines that, after a touch of the right technical stuff, are back in the black. LynnGold’s MacLellan mine, Teck Corp.’s Newfoundland Zinc m…
Arsenic levels curb Inco refinery output
Electrolytic nickel production at the Thompson, Man., operations of Inco Ltd. (TSE) will be reduced during the next several months because of processing difficulties, the company reports. Higher than …
Gaspe mine back on track after tragic fire of 1987
Almost two years after a fatal underground fire shut down copper-mining operations at the Gaspe Mines division of Noranda Minerals, the mine is up and running again with a new air of optimism. The 1…
Metal Prices PRODUCER PRICES (May 01, 1989)
ALUMINUM: MW U.S. Market US96.00- 98.00 cents per lb. (Apr 13, 1989). ANTIMONY: New York dealer 99 cents -$1.01(US) per lb. (Apr 6, 1989). BISMUTH: New York dealer $6.55-$6.70(US) per lb (Apr 13, 1989…
Earnings Reports (May 01, 1989)
First quarter earnings for Brunswick Mining and Smelting Corp. (TSE) were $18.3 million or 51 cents per share. In the first quarter of 1988 Brunswick’s net earnings were $3.9 million worth 11 cents …
Victoria Graphite completes drilling
A drill program completed by Victoria Graphite (TSE) has returned encouraging results from the company’s graphite property near Portland, Ont. All 15 holes intersected the mineralized zone. Some of th…
letters to the Editor Not all geologists party to `scandals’
It is a rare occasion that I consider replying to an editorial, but a few aspects of the issue you raise in your article “Blame it on flow- through” (N.M., Apr 19/89) beg further comment. Although the…
CoCa, Geodome merger approved
The Securities and Exchange Commission has approved the prospectus for the merger of CoCa Mines (NASDAQ) and Geodome Resources (TSE). CoCa will issue 0.255 shares and a warrant for each outstanding sh…
Toronto Stock Exchange Easing inflation fears depress gold, boost
Buyers returned to the markets this week anticipating that rising interest rates may have peaked. Two key economic indicators suggest that the worst is over. The Consumer Price Index registered a smal…
Spot prices at a glance (April 24, 1989)
Price Week’s ($US) Change($) Gold* 382.90 — 1.25 Silver* 5.76 + 0.06 Platinum* 543.10 +15.60 Nickel** 6.96 + 0.38 Lead** 0.28 + 0.02…
United Keno shuts 6 mines after suffering heavy losses
Toronto-based silver producer United Keno Hill Mines (TSE) won’t remember 1988 fondly. The 33%-owned affiliate of nickel giant Falconbridge Ltd. (TSE) reported a consolidated net loss of $12.9 million…