Metal Prices FUTURES PRICES (May 25, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 67.15 66.25 66.90 — 1.10 July 66.45…
News
Yukon platinum target of All-North
In Canada, platinum group metals are produced as a by-product from nickel mining operations in the Sudbury basin. They generally occur in small concentrations and are not an important economic conside…
Metall offering
Metall Mining Corp., a wholly- owned Canadian subsidiary of Metallgeselschaft AG, says it has filed a preliminary prospectus for a common share issue to be offered in Canada and internationally. Metal…
SherrGold taking care of mine start-up woes
Gold recoveries fall below feasibility study estimates and gold production tumbles below start-up expectations. The patient is heard to babble “Where has all the yeller went?” Diagnosis — the start-u…
CORRECTION (May 25, 1987)
Courageous Lake map run in May 18 issue of The Northern Miner incorrectly identified Getty Resources Ltd.’s trading symbol as GBY. Getty Resources trades on the Toronto Stock Exchange and their tradin…
Feds table blueprint to aid Canadian mining
Minister of State for Mines Gerald Merrithew has unveiled here a new federal mineral policy, which presents a 6-point program designed generally to help get the mining industry in Canada back on track…
Metals snips
Gorham International has published its fourth study on asbestos and asbestos replacements since 1980, An Assessment of Asbestos Replacements: Economic, Performance and Technical Considerations. Despit…
Drilling increases Estrades reserves
A drilling program on the Estrades project in the Casa Berardi area of Northwestern Quebec continues to produce some promising results. Golden Hope Resources and Golden Group Explorations said that …
Editorial Scotian Gold
The geology of Atlantic Canada is associated in the minds of many Precambrian geologists and Upper Canadian mining analysts with images of small-scale industrial mineral operations making little, if a…
Slumping oil prices hurt Conwest earnings
While admitting that the recent oil price collapse wasn’t in Conwest Exploration’s business plan, Chief Executive Officer John Lamacraft is quietly hoping that an oil industry rebound could boost his …
Delaware options Ungava prospects
Calgary based Delaware Resources has signed a letter of intent to option four of the Ungava region prospecting permits in Northern Quebec to Beaufield Resources Inc. Delaware holds a 50% working inter…
Eldorado’s debt precludes positive uranium benefits
At a time when the worst appears to be over in the uranium industry, Eldorado Nuclear finds itself unable to enjoy the benefits of a firming market for its product. The banks, which financed Eldorado’…