Duration/Locator
A $2-million debt owed by Duration Mines (TSE) and partner Locator Explorations (VSE) to mining contractor Redpath Ltd., has placed the ownership of the Theresa gold property in jeopardy. The companie…
News
MAS vows to delist Steep Rock shares
After being taken over by a subsidiary of Swiss calcium producer Pleuss-Staufer AG, Toronto-based Steep Rock Resources (TSE) is scheduled to be delisted. MAS Minerals recently purchased over 90% of St…
New Nova Scotia coal mine
Work should begin in January, at the latest, on a new dedicated underground thermal coal mine in Stellarton, N.S. The mine has been in the plans of Westray Coal Inc., 50%- owned by Giant Yellowknife M…
First Idaho moves ahead at Montana leach property
Development work is under way at the San Francisco gold property near Philipsburg, Mont., First Idaho Resources (VSE) said recently. First Idaho’s U.S. subsidiary Grand Trunk Resources, holds a 50% in…
Orion start-up costs cut Malartic earnings
Start up costs at Malartic Hygrade’s (VSE) Orion gold mine near Val d’Or, Que., and an unrealized U.S. dollar exchange loss, reduced the company’s earnings during the first half of 1988, Malartic anno…
Aur earnings decrease
On target to begin production at the Kierens zone gold deposit near Val d’Or, Que., later this month, Aur Resources (TSE) of Toronto has reported a drop in its 9-month earnings. Earnings before deferr…
Vancouver Stock Exchange Brokers’ phones starting to ring
August went out like a lamb, and September came in like one too, but brokers do say the phones are beginning to ring now that the holidays are over. While the momentum doesn’t appear to exist for a bo…
Metal Prices PRODUCER PRICES (September 12, 1988)
ALUMINUM: MW U.S. Market $1.27-$1.29 per lb. (Aug 25, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.15 per lb. (Aug 25, 1988). CADMIUM: New Yor…
Newmont’s Carlin output could rival South Africa
Predictions that the Carlin gold belt of here could eventually rival South Africa as a gold producer can’t be discounted given the reserves found there by companies like Newmont Gold Company. As The N…
Inco consolidating 3 mill operations
The consolidation of three milling and concentrating operations in the Sudbury, Ont., area will be carried out by giant nickel producer Inco Ltd. (TSE) at a capital cost of $69 million. Affected by th…
Uranium’s future tied to political events
Global uranium production is expected to remain below consumption for several more years as inventories are depleted, writes Nuexco, a uranium brokerage firm in the United States, in a recent monthly …
Metal Prices FUTURES PRICES (September 05, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep 102.40 101.40 101.60 + 1.55 Dec 100.20 98.80 99.50 + 1.50 Mar 95.40 94.50 …