Third zone possible: Mazarin, Dufresnoy
Two new mineralized zones have been discovered and the potential exists for a third gold showing at the Union Mining-New Bidlamaque gold property at Val d’Or, Que., Mazarin Inc. reports. Mazarin, whic…
News
Cadmium prices at record levels
Prices for cadmium have taken off and reached record levels. Metals Week was recently quoting a U.S. dealer price range of $6.80- $7.10 per lb for the silver-white metal. A tight market is the primary…
Sherritt Gordon
After reporting losses of $27.7 million in 1986, bad luck continues to plague Toronto-based Sherritt Gordon Mines. Almost as soon as the company had written off the money-losing Ruttan copper-zinc min…
Metal Prices FUTURES PRICES (March 07, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 93.90 92.20 93.10 + 2.00 May 89.00 …
Pickens’ Homestake offer not serious, analyst says
Having whetted his appetite for gold during unsuccessful bid for control of Newmont Mining Co., Texas oilman T. Boone Pickens is back in the hunt for another major gold producer. The target this time …
X-Cal doubles strike
Drilling by X-Cal Resources on the company’s Snowbird gold property near Fort St. James, B.C., has doubled the strike length of the main gold mineralized zone to more than 4,000 ft. The additional str…
Pioneer reports earnings
Over-all it was a very good year for Pioneer Metals which reported net income for 1987 of approximately $4.1 million or 31 cents per share. This compares to earnings of $2.2 million or 27c a year ear…
Cliff’s Olinghouse nears production
Toronto-based Cliff Resources says it is progressing toward production at its Green Hill gold mine at the Olinghouse district, northwest of Reno, Nev. Financed with a project loan bridged to a gold lo…
metal Prices PRODUCER PRICES (March 07, 1988)
ALUMINUM: MW U.S. Market 101.00 cents – 105.00 cents per lb. (Feb 25, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (Feb 18, 1988). …
Exploration ’88 TECK
Teck Corp.’s strategy in 1986 and 1987 was to revitalize its portfolio of properties through deals with junior companies that take advantage of the flow-through share funding so readily available to t…
Profile A MINE-FINDER
“You can send them to charm school, you can polish them up, but real managers are born. If you don’t have the latent talent you won’t be a good manager.” John Hansuld, whose grip on the wide-open thro…
Hot Plays STAGGERING POTENTIAL AT CARLIN
As the dominant property-owner and principal mine-finder along the Carlin gold trend, near Elko, Nev., Newmont Gold has never felt the need to boast about its activities. A portfolio of 15 deposits an…