Timmins report Hollinger headframe removed
The old central shaft headframe of the Hollinger Consolidated gold mine, now owned by Giant Yellowknife Mines (TSE) was blasted and tied up with cables and pulled to the ground, recently. It took seve…
News
Amax Gold announces third quarter earnings
Amax Gold’s net earnings were $13.1 million(U.S.), or 22 per share for the 1988 third quarter compared with $11.1 million or 18 per share for the 1987 third quarter. For the first nine months of 1988…
BHP-Utah Mines to earn interest in Snow Lake property
A gold property with known reserves near Snow Lake, Manitoba has caught the interest of BHP-Utah Mines, an indirectly held subsidiary of Broken Hill Proprietary of Australia. Formerly known as Utah Mi…
Spot prices at a glance (November 07, 1988)
Week’s Price (US) Change Gold (per oz) $412.50 + $ 5.00 Silver (per oz) $ 6.35 + $ 0.10 Platinum (per oz) $573.00 + $34.00 Copper (per lb) $ 1.53 + $ 0.04 Lea…
Annual meeting
The program planned for the 1989 Society of Mining Engineers annual meeting and exhibit includes technical sessions, three special symposia, three short courses, several field trips and an expanded ex…
Hope Brook Gold’s quarterly results
After selling 41,850 oz gold from its mine in southwestern Newfoundland, Hope Brook Gold (TSE) reported net income of $2.8 million or 10 per share during the first nine months of 1988. Revenues for t…
Study finds new uses for Ontario industrial minerals
Some of Ontario’s industrial minerals could find new uses as substitutes for foreign-produced materials in the manufacture of china tableware, a recent study has concluded. The study, entitled Fine Ch…
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 — …
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…