Lower metal prices drag commodity index
Falling metal prices contributed to a lower all-commodity price index in September, Scotiabank reports. The over-all index fell 1.86% from August, which was down slightly from July. The metals and min…
News
Nfld exploration activity high
Mineral exploration in Newfoundland during 1989 maintained a very healthy level of activity as more mining companies realized that Newfoundland is one of the prime areas for mineral exploration in the…
Correction (November 06, 1989)
Contrary to what we reported (N.M., Oct 30/89), there is no longer any connection between Stan West Mining of Arizona and Toronto-based Stan North Mining.
Earnings mount for Teck Corp.
The latest financial results for Teck Corp. (TSE) show increased earnings for the nine months ended September 30 because of higher base metal prices and increased gold production from the David Bell m…
Belvieau
With its new Beliveau gold mine east of Val d’Or, Que., up and running, Cambior Inc. (TSE) can now turn its attention to bringing another of its numerous exploration plays into production. The Val d’O…
Minig exploration
Mining exploration in Quebec received a boost this past summer from a base metal play in the Val d’Or camp known traditionally for its gold deposits. Other highlights of the province’s active explorat…
Caprock Alaskan find
A gold discovery has been made by Caprock Corp. (NASDAQ) on the company’s property on Valdez Creek, Alaska. The company’s exploration work has outlined one economic paleochannel in the Roosevelt Creek…
Partner of choice’
Placer Dome is trying to establish itself as the partner of choice’ among junior exploration companies looking to explore and develop properties in North America. If the number of deals Placer is invo…
Spot prices at a glance (November 06, 1989)
Week’s Price (US) Change Gold $373.60+$ 5.25 Silver $ 5.17+$ 0.04 Platinum $487.25+$ 4.45 Nickel $ 4.52–$ 0.16 Lead $ 0.34–$ 0.01 Copper$ 1.24– 0.01 Zinc$ 0.70–$ 0.01 Courtesy of Sco…
Waswanipi Crees form own company
The Waswanipi Crees of northern Quebec have become a player in the mining industry. The Indian band, from the province’s Chibougamau area, has set up its own mining company, Cree Exploration. Presiden…
Corona’s quest
Corona Corp. is determined to retain its status as a low-cost gold producer and it is depending on exploration success to do it. It has been involved in projects from Newfoundland to British Columbia,…
Kingswood drilling (November 06, 1989)
A 10,000-ft drilling program is under way at the Bourlamaque property in the area of Val d’Or, Que., Kingswood Explorations 1985 (ASE) reports. The property, about six miles west of the Aur/Louvem cop…