Metal Prices (January 16, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper (pounds sterling per tonne) Date Jan 10 Jan 9 Jan 6 Jan 5 Jan 4 Copper 1862-1867 …
News
Toronto Stock Exchange New Year’s rally continues to make advances
A New Years rally continues to gain momentum adding another 24.12 pts to the composite index which closed at 3468.54 pts. Both the gold and metals indices advanced. Golds picked up 32.52 pts to close …
Alberta Stock Exchange Borealis takes a dive
The general market malaise which pervaded the investment world for much of 1988 appears to be continuing into the new year. Volumes picked up slightly from the low levels of recent weeks, but there wa…
Drilling resumes on Golden Heart deposit
Diamond drilling by partners Tyler Resources (TSE), Golden Rule Resources (TSE) and Cameco — A Canadian Mining and Energy Corp. has resumed on the newly discovered Golden Heart deposit located at Wee…
Dumagami considers doubling mine rate
Management of Dumagami Mines (TSE) is studying the possibility of doubling the production capacity of the Donald La Ronde gold mine at Cadillac in northwestern Quebec, says minority shareholder Invesf…
Thayer Lindsley, 1882-1976
Thayer Lindsley has been described as the greatest mine-finder of all time. Not only did he found Falconbridge, a multinational organization ranked now among the largest mining companies in the world,…
Mill City targets Tyranite after share consolidation
The shares of Mill City Gold Mining Corp. (ASE) began trading on the Alberta Stock Exchange recently after the company gained shareholder and regulatory approval for a stock consolidation. The company…
Newmont suffers heavy fire damage
A fire at Newmont Gold Company’s Mill No 2 primary crusher on Dec 27 caused heavy damage to the structure. The exact cause of the blaze has not been determined but it appears to involve efforts to pre…
High grade keeps Campbell at the head of the class
As one of the world’s highest-grade Agold mines, the Campbell Red Lake Ahas long remained splendidly isolated from the crucial barometers that affect other gold producers. So rich is the gold minerali…
Echo Bay, Coeur d’Alene extend Kensington vein on Alaska gold
An underground adit has intersected a downward extension of the Kensington vein on Echo Bay Mines’ (TSE) and Coeur d’Alene Mines’ (Amex) gold property located 50 miles north of Juneau, Alaska. The vei…
Industry honors its own at first Hall of Fame dinner
The new Canadian Mining Hall of Fame recently welcomed its first 12 members during a gala induction banquet held at the Royal York Hotel in Toronto. Maurice Brown, chairman of the Hall of Fame, presid…
Geology of Ontario map series, a major OGS initiative
A major initiative now under way by the Ontario Geological Survey will eventually see a new set of comprehensive geology maps produced for the province by 1991. Chief geologist of the province’s Preca…