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…
News
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…
U.S. coal-miner Nerco moves solidly into gold
Choosing between tenure at the University of Alaska or forming his own exploration company, Lawrence Heiner opted out of academia in 1970 and created Resource Associates of Alaska. He hasn’t looked ba…
Bruneau-Canamax deal
A private placement has been entered into by Bruneau Mining (ME) with its major shareholder, Canamax Resources (TSE), whereby Canamax will acquire 1.5 million treasury shares of Bruneau at 30 cents e…
SEMEG symposium
The Society of Engineering & Mineral Exploration Geophysicists (SEMEG) is presenting the second annual Symposium on the Application of Geophysics to Engineering and Environmental Problems at the Color…
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 …