Metal Prices (January 30, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 24 Jan 23 Jan 20 Jan 19 Jan 18 Copper …
News
Rio Algom’s corporate strategy emphasizes mining
Rio Algom Ltd. (TSE) has been in a transition period since late 1987 when its former chairman, George Albino stepped down. His departure represented a major turning point for the company, which has si…
Canyon financing
Canyon Resources Corp. (NASDAQ) has arranged a $20- million financing deal with Meridian Minerals. The cash will allow Canyon to place its jointly-owned Beartrack gold deposit in Idaho, in production….
Echo Bay mandate is to increase gold production
Echo Bay Mines (TSE), already North America’s fourth-largest gold mining company, has its sights set on achieving production over the one-million-ounce mark by the early 1990s. The Lupin mine, in the …
Book Review (January 30, 1989)
Two new directories, Active Mines in Arizona and Arizona Exploration Offices, have been released by the Arizona Department of Mines and Mineral Resources to reflect both the condition of the Arizona m…
Hemlo Lawsuit hasn’t hindered Corona’s growth
When a major mining company states emphatically its objective is to be a low-cost precious metals producer, it makes sense any new exploration projects it becomes involved in will follow along the sam…
Noranda earmarks $200 million for ’89 exploration
Higher metals prices have had a major impact on the balance sheet of Noranda Minerals. To maintain its position, the mining arm of Noranda Inc. (TSE) knows it must make a commitment to searching out n…
Letter to the Editor Environmentalist groups want more government
The group called Forest for Tomorrow is asking the government for many more hundreds of thousands of dollars. This group, headed by Toronto people has already received $134,000 of the $300,000 handed …
Lac looks beyond Canada’s boundaries for gold
If you become as successful as LAC Minerals (TSE) in developing gold properties in Canada, it seems only natural to try to apply your expertise to projects in other parts of the world. LAC, which prod…
Alberta Stock Exchange Pezim moves in
The appearance of Murray Pezim’s International Viking Resources on the Alberta Stock Exchange seemed to have shaken the market out of is recent lethargy. During Viking’s first week of trading, volumes…
Mimiska reports drilling result
Results of preliminary exploration work on gold properties in northern Quebec, 42 miles west of Fort Chimo, have been announced by Mimiska Mining (ME). On the Lac Rougement showing, where drilling was…
U.S. Precious Metals drilling Nevada bet
A second small deposit of oxidized gold mineralization has been defined by recent surface drilling on U.S. Precious Metals’ (TSE) Mother Lode property, 100 miles northwest of Las Vegas, Nev. The new d…