Nine U.S. mines in RTZ-BP deal
Already the world’s largest mining company, Rio Tinto Zinc Corp. (RTZ) is now set to acquire the international mineral assets of British Petroleum, which include interests in nine U.S. mines. The U.S….
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H. H. “Spud” Huestis, 1907-1979
The claim to Canadian mining immortality for Herman H. “Spud” Huestis came with his introduction to the world of the large tonnage, low-cost Highland Valley copper deposits in British Columbia, severa…
Industry honors its own at first Halla of Fame dinner
Photo by George Onuska Franc Joubin, right, accepts his induction into the Canadian Mining Hall of Fame from Hall of Fame committee chairman Maurice Brown. Joubin was one of 12 inaugural inductees int…
Franc R. Joubin, 1911-
Franc R. Joubin made his name and enduring reputation in uranium. It was Joubin who found the vast Blind River area uranium field in northern Ontario, today the site of the major operations of uranium…
Jerome financing
Jerome Gold Mines (ASE) has received a commitment from a flow-through fund which will provide $369,360. Jerome will issue shares at a price of 55 per share.
Gilbert A. LaBine, 1890-1977
Gilbert LaBine helped shape the course of world history when in 1930 he discovered pitchblende at Great Bear Lake in the Northwest Territories. A trip to the Great Bear Lake area with partner C. E. St…
Frederick M. Connell, 1883-1980
The citation accompanying the 1973 Inco Medal awarded to Frederick M. Connell, probably said it all: “In recognition of the leading part he has played as a mine-finder and mine- maker, placing his nam…
Cannon mine in Washington turns out 145,000 oz gold in 1988
The Cannon mine project of Asamera Minerals (TSE) is located just outside the city limits of Wenatchee. Even so, ask for directions and residents are generally hard-pressed to tell you exactly where i…
Gold Funds (January 16, 1989)
BGR Goldcorp Central MVP Capital Net value $11.86 8.74 6.73 N/A Price $ 9.125 6.00 5.75 N/A Discount 23.06% 31.3% 14.6% N/A…
Montreal Exchange Action picks up
A better showing by investors during the week pushed the general market portfolio index ahead by more than 58 pts and the mining and minerals index to a gain of more than 63 pts. Daily trading volumes…
Metal Prices PRODUCER PRICES (January 16, 1989)
ALUMINUM: MW U.S. Market $1.12-$1.13 per lb. (Dec 29, 1988). ANTIMONY: New York dealer 96 -$1.01 per lb. (Dec 22, 1988). BISMUTH: New York dealer $6.55-$6.75 per lb. (Dec 22, 1988). CADMIUM: New York …
Shareholders launch proceedings against Quartz Mountain
Several individual shareholders of Quartz Mountain Gold Corp. (TSE) have initiated court proceedings against the company by filing a petition in the British Columbia Supreme Court, with a second group…