Metal Prices FREE MARKET (December 26, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Dec 20 Dec 19 Dec 16 Dec 15 Dec 14 Copper 1890-1893 1787…
News
Tundra increases reserves at Lamaque
Drill-indicated reserves at the former producing Lamaque gold mine have been increased to 1.73 million tons grading 0.19 oz gold per ton, Tundra Gold Mines (VSE) says. Located near Val d’Or, Que., the…
U.S. REPORT Northern Dynasty producing from underground/heap leach
As operator and 43%-owner of the Little Bald Mountain mine in Nevada, Northern Dynasty Explorations (TSE) is expecting to produce 7,000 oz of gold during the 1988 season from the combined underground/…
Ontario paves way for base metals exploration
Hosting one of the biggest volcanogenic massive sulphide deposits (Kidd Creek) in the country, Ontario is hoping base metals exploration will pick up after a presentation at a recent mines and mineral…
LAC banks proceeds from Stillwater sale
Proceeds of $48 million(C) accruing to LAC Minerals (TSE) from the sale of its one-third interest in the Stillwater platinum-palladium mine in Montana have not been earmarked for any particular corpor…
U.S. REPORT Tri-Valley bulk sampling Alaskan gold property
By year-end, Tri-Valley Corp. expects to pour gold from one of the lode prospects on its Richardson, Alaska project. The California- based public company is carrying out a phased plan to bulk sample u…
Metal Prices PRODUCER PRICES (December 26, 1988)
ALUMINUM: MW U.S. Market $1.10-$1.13 per lb. (Dec 15, 1988). ANTIMONY: New York dealer 95 -$1.00 per lb. (Nov 3, 1988). BISMUTH: New York dealer $6.50-$6.65 per lb. (Dec 15, 1988). CADMIUM: New York d…
Rockford, Ranger merger
Toronto-based Rockford Minerals (TSE) and Northern Ranger Minerals (ASE) recently gained shareholder approval for a plan to combine their assets into a new company called Rockford Minerals Inc. (TSE)….
Toronto Stock Exchange (December 26, 1988)
A year-end rally continued to gain strength as the composite index rolled to a 23.88-pt gain to close at 3354.88 pts on volume of 33.5 million shares. Once again, the major driving force has been the …
Gilsons charged with fraud over Silver Bar statements
The president of North Bay, Ont., based Silver Bar Mines (COATS) and his wife are scheduled to appear in Provincial Court April 19 and 20, to face a series of fraud charges. Ronald and Shirley Gilson …
Letter to the Editor Golden Rose history
In your paper of Nov 21, page 13, was an article on Noramco that interested me greatly. In that story, reference is made to the Golden Rose mine of Ontario. I would like to know if it is the Golden Ro…
Letter to the Editor Central Crude uneconomic widths
As a subscriber of The Northern Miner and a shareholder of Central Crude Ltd. I must question the integrity of the writer and your paper regarding the final comment referring to “uneconomic widths” “N…