High grade raise blasted by Chesbar
Underground exploration on the Chester Twp. gold project near Gogama, Ont., is yielding high grade gold values, partners Chesbar Resources and Murgold Resources say. A drift on the 200-ft level averag…
News
Monte Carlo, Kidd Res plan amalgamation
An amalgamation proposal has been announced by Monte Carlo Resources and Kidd Resources. Both companies share the same management. The amalgamation must be approved by Kidd shareholders at a meeting s…
Redpath marks 25th anniversary
One of North America’s largest mining contractors and consulting engineers, J. S. Redpath, North Bay, Ont., recently celebrated a quarter century of service to the mining industry. In Canada alone, th…
Sydney crash batters stocks but Bain & Co. undeterred
If you think North American markets have been battered, take a look at the Sydney Stock Exchange where share values have depreciated by almost 50% or about $100 billion since the Oct 19 market crash. …
Timmins Placer Dome mine manager to tackle open pit California
John Rogers, manager of Placer Dome’s gold mine northeast of Timmins since 1982, is leaving to pursue other mining interests in Vancouver and in the United States. Rogers will be leaving to become sen…
Lead-zinc conference
A lead-zinc conference set for March 14-15, 1988 at Toronto is being organized by Metals Week. Topics to be discussed will include rationalizations; the effect of uncertain financial times on lead and…
Novamin’s fiscal year-end to correspond to Breakwater
Following the recent takeover of Novamin Inc. by Vancouver-based Breakwater Resources, the former company has set a new date to end its taxation year. Before the takeover, Novamin’s fiscal year-end wa…
Declining platinum prices have little immediate effect at
** Madeleine sites ** Massive dumping of platinum contributed to the recent decline in spot prices for the precious metal, analysts say, following the collapse of world stock markets in mid-October…
Western Goldfields has good profit
Western Goldfields Inc has realized net income of 50 cents per share during its first nine months of operations. For the period, the Nevada gold producer earned $3.4 million. Operations at the Hog Ran…
EDITORIAL Curragh’s zinc mine a triumph for the North
The success of Curragh Resources’ rejuvenated zinc-lead mine is a triumph of many dimensions. It testifies to Clifford Frame’s tenacious ambition, it bolsters Canada’s position as a mineral producing …
Acadia options Mooseland to major U.S. mining company
A decision on whether or not to go ahead with mine planning and mining feasibility studies on the Mooseland gold property 45 miles northeast of Halifax, N.S., will be made no later than Jan 10, The No…
Metal Prices PRODUCER PRICES (November 23, 1987)
ALUMINUM: MW U.S. Market 79.50 cents – 82.00 cents per lb. (Nov 12, 1987). ANTIMONY: New York dealer $1.08-$1.12 per lb. (Nov 12, 1987). BISMUTH: New York dealer $4.75-$4.85 per lb. (Nov 12, 1987). C…