Japan and Taiwan big gold buyers
Japan is rivalling Taiwan as an importer of gold. According to news reports, Japan imported about 280 tons of gold in 1988, an increase of 40 tons from the previous year. Taiwan, which has been an avi…
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Letters RESERVE RESERVATIONS
I agree with most of your editorial “Keep it Simple” (October issue) on (ore) reserves. However, “mineral inventory,” an established term also variously known here and elsewhere as “geological ore res…
NovaGold financing (January 02, 1989)
Following the successful completion of a financing, NovaGold Resources (TSE) plans to begin construction at its Murray Brook project on March 1, 1989, President Gerald McConnell says. The final part o…
Maintenance REINVENTING THE WHEEL
The life of off-highway tires has Tquadrupled in the space of a few Tdecades. Science and technology involving chemistry, mathematics, physics, mechanics and electronics have brought tires a long way…
Baie Verte peninsula discoveries spark exploration boom
Newfoundland’s historic Baie Verte peninsula, site of that province’s earliest copper and gold mines, has once again become the focus of an intensive search for base and precious metals. Over a centur…
Toronto Stock Exchange (January 02, 1989)
Although the markets ended the year with a whimper, most will agree that the year was anything but dull. Today’s 2.28-pt loss to close at 3359.31 pts capped the first post-October 1987 year — one whi…
Casa Berardi shines for Golden Knight
With its Golden Pond mine in Quebec’s Casa Berardi area almost producing at capacity, 1989 should be a good year for Golden Knight Resources (TSE). At the company’s annual meeting in Vancouver recentl…
More wide intercepts at Eskay
Another lengthy gold intercept has been returned from the Eskay Creek project of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) in northern British Columbia. A 10-hole, second phase exp…
Viceroy to proceed with production at Castle Mountain
By mid-1989, Viceroy Resource Corp. (TSE) expects to receive the final permits to begin construction of a 8,000- ton-per-day heap leach operation on its 100%-owned Castle Mountain property in San Bern…
Profile A Miner at Heart
When John C. White was still at the lower levels of the pecking order at the Madsen Red Lake mine in the late 1950s, he and veteran geologist Doc Bishop would occasionally meet in the mine staff house…
CANMET’s goal to strengthen private sector
The Canadian Centre for Mineral and Energy Technology (CANMET) says that 1988 saw it embark on a plan to change the thrust and composition of many of its programs. The new plan focused on fostering cl…
Metal Prices PRODUCER PRICES (January 02, 1989)
ALUMINUM: MW U.S. Market $1.11-$1.12 per lb. (Dec 22, 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 …