FUTURES PRICES Metal Prices (November 07, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 148.50 147.50 148.40 — Dec 144.30 138.00 141.90 + 7.50 Mar 121.00 116.30 119.40 — …
News
Letters to the Editor Rock mechanics research improving mining
Your Oct 17th editorial presents an opportunity for comment. The mining industry operators have understood, for some time, the need to “involve rock mechanics engineers in the mine design process.” A …
Corona hunting for diamonds
Corona Corp. (TSE), better known for its gold production, is getting into the diamond game. Corona has acquired an option giving it the right to earn a 70% interest in a 35,000-acre property held by C…
Duration hopeful it will regain control of lost Theresa bet
While ownership of the Theresa gold property near Longlac, Ont., has been transferred to J. S. Redpath Ltd. of North Bay, Ont., the president of Duration Mines (TSE) has not given up hope of reclaimin…
Editorial Wasting our assets
Mining’s a funny business. It is based on what is unsentimentally referred to as a “wasting asset” and therein lies both the boon and the bane of the industry. It’s the blessing of the industry in t…
Wharf amalgamation is `essential’ for Dickenson
President of Toronto-based Dickenson Mines (TSE), John Kachmar says the planned amalgamation with Wharf Resources (TSE) is an essential cornerstone of his company’s future. The Wharf merger and an acq…
Change of guard at Breakwater
A change of guard at Breakwater Resources (TSE) suggests the company could eventually fall under the control of Corona Corp. (TSE). Ned Goodman, the chairman of Corona, was recently appointed to Break…
New Discovery In Toodoggone
A high grade gold and silver discovery was made by Energex Minerals (TSE) on its JD property (eight miles east of the Al project), part of the company’s wholly-owned Toodoggone project in north-centra…
Doron plans more drilling for Caribou Creek project
A winter diamond drill program is being organized by Doron Explorations (VSE) to continue testing a high grade gold-bearing quartz vein discovered in a recent exploration program on its Caribou Creek …
Canadian output becoming important to Bond Int’l
Canadian operations contributed a tiny but growing part of the 342,900 oz of gold produced by Bond International Gold for the company’s fiscal year ended June 30. The Golden Patricia mine, which began…
Jascan and Atlantic plan amalgamation
Agreement in principle has been reached between Jascan Resources (TSE) and COATS-listed Atlantic Goldfields to an amalgamation of the two companies. An independent financial adviser will be retained t…
News in Brief (November 07, 1988)
Kam Creed Mines has amalgamated with its wholly-owned subsidiary Cuvier Mines Inc. Cuvier shareholders receive one Kam share for each two Cuvier shares.