Demand for skilled miners continuing
While firmer metal prices have been stimulating Ontario’s mining industry recently, demand for skilled underground miners has also been continuing strong. According to a representative for the United …
News
Sun Valley rehabilitating United Western mine shaft
Rehabilitation work is under way at Sun Valley Gold Corp.’s (VSE) United Western project near Oatman, Ariz. The Arizona Central Shaft is presently being refurbished to allow access to existing undergr…
Granges gold output higher but quarterly loss reported
Despite higher gold output and revenues, Granges Exploration (TSE) posted a $1.2 million or 5 per share loss for the third quarter, compared to a profit of $822,721 or 5 for the same period a year a…
Newly launched Bema Gold plans heap leach production in `89
Before the October, 1987, market crash, many junior companies were motivated for a variety of reasons to create and launch subsidiary or associated companies. Under present conditions, however, this t…
Metal Prices PRODUCER PRICES (November 28, 1988)
ALUMINUM: MW U.S. Market $1.07-$1.09 per lb. (Nov 17, 1988). ANTIMONY: New York dealer 95 -$1.00 per lb. (Nov 3, 1988). BISMUTH: New York dealer $5.90-$6.10 per lb. (Nov 17, 1988). CADMIUM: New York d…
RFC acquires 100% interest in closed zinc mine
RFC Resource Finance Corp. (VSE) has acquired an option to earn a 100% interest in a shutdown zinc mine. In Washington State, about 50 miles south of Trail., B.C., the Pend Oreille zinc-lead mine oper…
Minnova Drilling Algo’s Adams Lake Project
An 8-hole drilling program operated by Minnova Inc. (TSE) is under way on the OK I and OK II claims in the Adams Lake area of British Columbia. Minnova can earn a 60% interest in the property from Alg…
Lower gold prices impact on Homestake’s bottom line
Despite higher gold sales, Homestake Mining (NYSE) reported a 23% drop in operating earnings from gold mining operations in the third quarter. The company says the decline was due to lower realized pr…
Queries Fancy artwork
I have a stock certificate for 100 shares purchased in 1909 in a company called Frances Gold Mines Ltd. The shares sold for $2 each at the time of purchase 80 years ago. Can you determine if this stoc…
Sundust acquiring Peruvian interest
Agreement-in-principle has been signed between Sundust Resources (ME) and Aurifera El Sol of Peru which will allow Sundust to acquire a 30% interest in the latter for $1.5 million(US). Aurifera, forme…
Olympic Dam mine opened `Down Under’
Australia’s largest mining project, the Olympic Dam copper- uranium-gold mine at Roxby Downs, was recently officially opened. Bringing the mine, located in south Australia, into production are Western…
Amax Inc. announces third quarter earnings
Amax Inc. today reported third quarter net earnings of $132.5 million(U.S.), equivalent to $1.61 per primary common share. Third quarter 1987 net earnings of $176.2 million, equivalent to $1.81 per pr…