Kam-Kotia Mines adding sodium sulphate division
The sodium sulphate division of Saskatchewan Minerals, which is owned and operated by the Saskatchewan government, is being sold to Kam-Kotia Mines of Toronto for $12.5 million. The purchase transform…
News
Denison’s new captain keeps to father’s course
After 35 years at the helm of Toronto-based Denison Mines, Stephen B. Roman died recently leaving his huge energy-resource empire in the hands of his daughter, Helen Roman-Barber, an unproven quantity…
Editorial The pressure of prosperity
Labor negotiations at Inco’s Sudbury operations will be closely watched this year. Quid pro quo may well be the union’s rallying cry. The workers helped out the company when times were tough, they mig…
Equity and CSA reschedule meeting
Combatants Equity Preservation Corp. and CSA Management Ltd. have agreed to reschedule the annual meeting of Equity from March 30 to April 13. The adjournment provides both parties with time to discus…
Nickel price at record levels
Tight supplies continue to keep the price of nickel high, although some weakening in the spot price was experienced recently after the base metal set a record $10.84(US) per lb on the London Metal Exc…
Metal Prices FUTURES PRICES (April 04, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 108.00 103.00 104.25 + 0.85 Apr 104.00 …
Montreal Exchange (April 04, 1988)
Placer Dome division A major news item that Placer Dome wishes to create a Quebec mining division helped to brighten a trading week which saw both the market portfolio and mining and minerals index tu…
Hemlo producers continue high grade, low-cost ways
Two of the three gold producers at the Hemlo gold camp on the northern shore of Lake Superior are mining ore grading above 0.4 oz gold per ton, according to data released by the operators. For the qua…
Amax Gold boosts Sleeper reserves
A major increase in reserves has been reported by Amax Gold Inc. at the company’s Sleeper gold mine in Nevada. High grade reserves of 3.4 million tons grading 0.376 oz of gold per ton represent a 97% …
Dumagami sheds image as a `marginal’ producer
With the start-up of its spanking new 2,000-ton mill in Quebec’s bustling Bousquet-Cadillac area now scheduled for late May, Dumagami Mines will soon be shedding its long held perception as a marginal…
Interquest results
Interquest Resources has received encouraging results from drilling on the Follansbee Red Lake property near Red Lake, Ont. The project is being funded by Red Lake and Sun Valley Resources which can e…
Muscocho results at Magnacon bet show good values
Unusually strong widths plus elevated gold values have been en countered in exploratory drifting and slashing in the South zone on the first level at the Magnacon gold project in the Mishibishu Lake a…