Avino to acquire interest in Nevada silver mine
Under the terms of a new 24-year joint venture agreement, Avino Mines & Resources Ltd. (VSE) has taken over as operator of the Wonder silver and gold mine held under option by Belmont Resources (VSE)….
News
Land use dominant issue at B.C & Yukon mining meeting
In his address at the recent 77th annual general meeting of the B.C. & Yukon Chamber of Mines, President Nicholas Carter warned the mining industry that it must assume a proactive rather than a reacti…
Market forces send copper prices tumbling
Labor problems and a mine explosion in South America, rising inventories in London Metal Exchange (LME) and New York Commodity Exchange (Comex) warehouses, and backwardation on both exchanges seem to …
Imperial studies $135-million plan for Polley
After analyzing the 1988 exploration program at the Mount Polley copper/gold deposit in south-central British Columbia, project operator Imperial Metals Corp. (TSE) says drilling has successfully conf…
Editorial Bringing the past to life
Rosa Brown was no fool. The little old lady who trooped through Kirkland Lake in the years between the two World Wars accompanied by her pack of dogs may have been eccentric, but she was no fool. They…
Battle Mountain earnings climb 25% for the year
Higher production, slightly higher average realized gold prices, gains on foreign currency transactions and a greater return on short term investments boosted net earnings of Battle Mountain Gold (NYS…
eath Steele mine in N ew Brunswick prepares to re-open
Riding the crest of a base metals price increase, Brunswick Mining & Smelting (TSE) (as operator) is about to turn a cash- draining property into a cash generator. It’s not official yet — approval fr…
FUTURES PRICES Metal Prices (February 13, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb133.50 133.50 133.50 — 10.90 Mar132.70 128.20 131.50 — 11.40 Apr126.30 126.30 126….
Petromet lawsuit
Petromet Resources (TSE) has started a legal action against Middlefield Resource Fund 1988 Limited Partnership II and its management groups. Petromet alleges that Middlefield agreed to purchase Petrom…
Francis at CIM meet
Well-known business journalist Diane Francis will be the guest speaker at the Canadian Institute of Mining and Metallurgy’s Women’s Night. Scheduled for Feb 10 at Toronto’s Royal York Hotel, the eveni…
Metal Prices (February 13, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 7 Feb 6 Feb 3 Feb 2 Feb 1 Copper 1703-…
Gold loan for Glamis
A $10 million(US) gold loan involving about 25,000 oz has been arranged for Glamis Gold (TSE) by Gerald Metals of Stamford, Conn. Glamis says it will repay the loan, the carrying interest on which is …