Too much on gold
As a subscriber of many years, I have always appreciated your newspaper for its wide coverage of the industry and the completeness of information on the Canadian mining scene. As an expatriate mining …
News
People (March 23, 1987)
Gold Institute — John H. Lutley appointed managing director.
Geddes goes for the gold in Windy Craggy program
The name Windy Craggy, given to a huge base metals area in a relatively remote part of northwestern B.C., may still be a name to conjure with. After more than six years of “unremitting effort” that ha…
Hot hole at the Goldstrike for Am. Barrick/ Fr.Nevada
A terrific hole, all in sulphide ore, of 620 ft grading 0.3 oz gold per ton has been pulled on the Goldstrike property in the Carlin gold belt area of Nevada by operator American Barrick Resources. Th…
Underground at Eastmain for Placer, MSV
Driving of a decline ramp at the Eastmain gold deposit in northern Quebec is expected to begin within one month, John Morganti, exploration manager-Eastern Canada with Placer Development tells The Nor…
High closure costs keep obsolete steel plants open
Although the average cost of closing a steel plant in the United States is down substantially from a few years ago, it is still high enough to keep several non-competitive plants in operation. And, th…
Mine rescue vehicles
Ontario’s ministry of northern development and mines is buying six mine rescue vehicles from a Timmins manufacturer, to augment the arsenal of six mine rescue stations across the province. The vehicle…
Hemlo gold helps Corona boost income
A net income of $593,000 (4 cents per share) has been reported by International Corona Resources for the three months ending Dec 31, compared with a net income of $387,000 (3 cents per share) for the…
Total Erickson moves into black
Total Erickson Resources reports net income for 1986 of $2.5 million, which compares to a loss of $9.9 million in 1985. The latter represents only six months of mining operations due to the business c…
Metal Prices FREE MARKET London Metal Exchange (March 23, 1987)
Spot closing prices in Pound Sterling per tonne Date Mar. 17 Mar. 16 Mar. 13 Mar. 12 Mar. 11 Copper 906-907 916-917 926-928 913-914 900-901 Lead 308-309 313-314 …
Montreal Exchange Sphinx issues active
Trading of Exploration Sphinx “A” shares, which have been active for the past weeks, received another boost this past week with the release of bulk sample results from the Duvay property located north…
COATS Trading Features (March 23, 1987)
Several Paul Penna companies were active traders this week on the COATS system. Langis Silver & Cobalt Mining heated up to 75 cents -80 cents on news that drilling is in progress on its Cobalt, Ont.,…