Uranium symposium (February 13, 1989)
The Uranium Institute’s 14th annual symposium will be held in London, England, on Sept 6-8. Papers on a relevant area of experience and attendance at the symposium may be included. For more informatio…
News
Noranda venture arm buying shares in firm
The venture capital arm of Noranda Inc. (TSE), Noranda Enterprise, reports it intends to increase its holdings in Diabrasive International of Montreal by purchasing up to 200,000 common shares (a 2.1%…
Spot prices at a glance (February 13, 1989)
Week’s Price (US) Change Gold (per oz) $390.40 –$ 1.60 Silver (per oz) $ 5.88 +$ 0.06 Platinum (per oz) $529.25 +$10.00 Copper (per lb) $ 1.41 –$ 0.09 …
B.C. & Yukon Chamber of Mines’ awards
British Columbia native Edward (Ted) Chisholm and Chester Millar were the recipients of the British Columbia and Yukon Chamber of Mines’ most presitgious awards. This year’s recipient of the annual H….
Feasibility study planned for Platoro mine project
The discovery of a new higher grade zone at the Platoro mine property in southern Colorado was among a number of recent positive developments prompting Panorama Resources (VSE) to initiate a prelimina…
Magnola tests process to extract magnesium
Up to $3 million will be spent over a 2-year period by Lavalintech Inc. to test a process to extract magnesium from asbestos tailings in the Thetford Mines area of Quebec. The testing is the second ph…
Yellow Band earning property interests
Options to acquire an interest in two properties in the Dolbeau area of Quebec have been acquired by Yellow Band Resources (VSE). Under an agreement with Sphinx Mining (ME), Yellow Band may acquire a …
Earnings Reports (February 13, 1989)
Nevada Goldfields Corp. (TSE) of Denver, Colo., reports a net loss for the 6-month period ended Dec 10 of $100,382(US) or 1 cents per share on net sales of $8.89 million. For the same period a year ea…
Editorial The long-term view
There’s a discouraging rumor regarding the effectiveness of flow-through financing that is taking on the patina of truth in non-mining circles. You’ve probably heard it: “Flow-through funding hasn’t r…
Teck earnings up (February 13, 1989)
Higher gold production from the David Bell mine at Hemlo and increased base metal prices resulted in a significant increase in earnings for Teck Corporation (TSE) in 1988. The Vancouver-based corporat…
Earnings Report (February 13, 1989)
Kam-Kotia (TSE) reports net earnings for the year ended Dec 31 of $2.47 million or 20 cents per share. For the same period a year earlier, the company reported net earnings of $2.23 million or 25 cen…
Uranium spot market prices drift lower
While base metal prices have been flying high, the spot market price of natural uranium has been in decline. Falling almost continuously since the summer of 1987, the U3O8 spot price was being reporte…