Spot prices at a glance (October 31, 1988)
Week’s Price (US) Change Gold (per oz) $407.50 — $ 3.30 Silver (per oz) $ 6.25 — $ 0.07 Platinum (per oz) $539.00 Copper (per lb) $ 1.49 + $ 0.12 Lead (per lb)…
News
Third-quarter output drops for Hemlo Gold
A lower gold output and higher operating cost were reported by Hemlo Gold Mines (TSE) for the third quarter of 1988 compared with the same period last year. Hemlo Gold, controlled by Noranda Inc. (TSE…
First bulk sample at Geddes’ Windy Craggy
The first bulk sample is being taken at Geddes Resources’ (TSE) Windy Craggy deposit located in northwestern British Columbia. A cross-cut has entered the massive sulphide deposit for the first time, …
Mining research network would cost $50 million
The nation’s nine mining degree granting universities are planning to establish an elaborate, coast-to-coast research network which would cost about $50 million over four years. They recently presente…
METAL PRICES FUTURES PRICES (October 24, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Oct 138.00 135.00 138.00 + 8.50 Dec 128.30 122.70 127.80 + 7.70 Mar 113.00 108.40 112.50 …
Nevada Goldfields’ Aurora mine small, profitable
It took only 72 days and $5.2 million(US) to bring the Aurora mine of Nevada Goldfields (VSE) into production in 1987 — and that capital should be recovered in just over a year. The small open pit mi…
Cliff Resources, Canaustra Gold to merge
Toronto-based Cliff Resources (TSE) says it plans to merge with Canaustra Gold Exploration (VSE) and a numbered Ontario corporation, which owns 100% of Baie Verte Mines Inc. The proposed merger would …
Anglo Dominion Gold has first half loss
Toronto-based Anglo Dominion Gold (TSE) continues to suffer from the market malaise which is currently hampering the fund raising efforts of many Canadian junior exploration companies. The company rep…
Aurogin, Duration pleased with Batchwana exploration
Grab samples from six areas within Aurogin Resources (VSE) Batchawana property have returned gold assays ranging from 0.2 to 0.4 oz per ton. The large 495-claim property is shared by Aurogin and Durat…
Metal Prices (October 24, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Copper 1660-1662 1667-1672 1680-1685 1598-1600 1614-1616 Lead …
Editorial Opportunities in gold
These are exciting times for gold miners. Since Sir Isaac Newton first established a fixed gold price back in 1717, gold has been synonymous with money, the standard against which all other currencies…
Euro-Nevada obtains Castle Mtn. royalty
Toronto-based Euro-Nevada Mining (TSE) has reached an agreement to buy a 4% net smelter return royalty interest in 540 acres of land on Viceroy Resources’ (TSE) Castle Mountain gold property. Located …