Meridor explores Iskut property
First phase of a $500,000 exploration program was started recently by Meridor Resources (VSE) at the Iskut property in the Stewart gold camp in northern British Columbia. The program consists of groun…
News
Foreign exchange effects on metal prices
At first glance, the effects of foreign currency zig-zags and inflation fears on mining are difficult to picture. Perhaps one way is to treat them simply as a foreign remittance being sent to you mont…
U.S. Report
This week’s issue of The Northern Miner is the first to include a new, regular report on mining activities in the United States. In recent years, gold mining in the western U.S. has increased consider…
Bunker Hill mine reopening planned later this year
Companies are taking a serious look at dormant base metal producers, including Bunker Hill Mining (U.S.), a subsidiary of VSE-listed Bunker Hill Mining Co. Wright Engineers of Vancouver is preparing a…
Toronto Stock Exchange Inco, Falconbridge reach highs as minerals
A summer rally which began last week, continued to roll along adding more than 87 pts to the composite index this week. Today, the TSE index advanced 33.98 pts to close at 3,366.53 pts on volume of 23…
Crown expects Kettle and Key properties will produce gold
With production expected from its Kettle and Key properties in Ferry Cty., Wash., in the next few years, Denver-based Crown Resource Corp. (NASDAQ) could be profitable by 1990, says Mark E. Jones, pre…
Open pit operation to begin in 1989 at Sikaman’s Bogosu
A large open pit operation is expected to get under way late next year at the Bogosu concession in Ghana, West Africa, where a consortium led by Toronto-based Sikaman Gold Resources (TSE), is in the e…
Queries Exchange is unable to trace Noranda Gold
I recently invested in Noranda Gold Resources through Crown Securities of Costa Rica. I was wondering if you could provide me with information concerning the quality of Noranda Gold and the efficiency…
Fortunes change hands based on monthly numbers
It had been a relatively quiet market for some time and bullion traders at Shearson Lehman Hutton were awaiting the release by the U.S. government of the consumer price index (CPI) for April. Earlier …
Future Prices
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun 111.60 110.00 111.50 + 17.10 Jul 107.00 102.70 106.50 + 15.20 Sep 97.50 93.80 …
Riverton, Cogema in exploration deal
An option to acquire a 51% interest in the Belleterre mine property in Guillet Twp., in northwestern Quebec, has been granted to Cogema Canada by Riverton Resources (VSE) for $2 million. Riverton purc…
Re-opening of Glodlund possible in Camreco study
Significant drill results reported by Camreco Inc. (TSE) at its northwestern Ontario gold claims have led to preliminary feasibility studies which will look at the possibility of re-opening of the gol…