Metal Prices FUTURES PRICES (March 13, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar153.50 150.00 150.10 + 13.40 May145.60 142.30 144.00 + 12.80 Jul138.30 135.30 137…
News
Greater Lenora
Donald T. Rankin, secretary of Greater Lenora (TSE) announces the company has requested that the Vancouver Stock Exchange delist their common shares. The common shares will continue to be listed and p…
Dofasco’s Ontario mines set to close next year
Hamilton-based steelmaker Dofasco Inc. (TSE) recently announced plans to discontinue operations at its two northern Ontario iron mines. The Adams Mine at Kirkland Lake and the Sherman Mine at Temagami…
Audrey confirms rise in Mobrun reserves
As expected, Audrey Resources (TSE) has received a welcome boost at the Mobrun polymetallic mine where production is on hold because of a mill construction program. Based on a study by Kilborn and Ass…
Bitech Res. bids to expand Newfoundland land position
Bitech Energy Resources (ASE) is attempting to expand its land position at Newfoundland’s Betts Cove area where the company is working on a promising gold discovery. Toronto-based Bitech is offering t…
Homestake production climbs
A 15% increase in gold production was achieved by Homestake Mining (NYSE) during 1988. Total output climbed to 781,458 oz which Homestake emphasized “more than offset a $10 per ounce decline in the av…
NovaGold drills copper below planned gold pit
A 15-hole drilling program has started on the Murray Brook property, west of Bathurst, N.B. The target is base metals, not gold. Project operator NovaGold Resources (TSE) is drilling the holes to prov…
Noramco Mining tallies massive loss
The loss tallied $61,394,000 by Noramco Mining (TSE) for the first nine months of its current fiscal year testifies to a succession of exploration and development disappointments compounded by the clo…
Treminco targets mill start-up for May
By May of this year, Treminco Resources (TSE) expects to have completed construction of its own 200-ton-per-day mill on the Ptarmigan mine site located about 12 miles from Yellowknife, N.W.T. The new …
Minven initiates study on conventional milling
The feasibility study for a conventional milling operation at Minven Gold Corp.’s (TSE) Gilt Edge mine in South Dakota has been awarded to Bechtel Inc. of San Francisco. The study, which will consider…
Eastmaque aims to expand reserves at California mine
In an effort to increase reserves at its producing Cargo Muchacho gold mine, Eastmaque Gold Mines (TSE) has started its first exploration program since acquiring the California property from Newmont i…
Editorial On the level for 75 years
The First World War was fuelling a boom for Canada’s mining industry in early 1915 when Ben Hughes, a mining columnist for a Cobalt newspaper, and Ernie Hand, a printer, put out the first issue of The…