News

Octan completes Terra mine deal (January 30, 1989)

Calgary-based Octan Resources (ASE) has completed the acquisition of Terra Mines’ (TSE) Camsell River assets in the Northwest Territories which were shut down due to low silver prices in 1985. They in…


analysts’ Comments

A gold producer for more than 30 years, LAC Minerals (TSE) is faring quite well, thank you, and is on target to produce a half-million ounces gold by 1991, that figure not including output from the Pa…


Book Review (January 30, 1989)

Two new directories, Active Mines in Arizona and Arizona Exploration Offices, have been released by the Arizona Department of Mines and Mineral Resources to reflect both the condition of the Arizona m…


Base metals boom to last through to mid 1989

While the price of gold has been languishing in the $400(US) per oz range, base metals have been on a tear, in particular zinc and copper, and not forgetting nickel which had an unforgettable year in …


Prime Resources to trade in February

Shareholders of Delaware Resources Corp. (VSE) and Colossus Resource Equities (VSE) recently voted in favor of a business transaction that effectively merged the assets of two companies into a single …




INCO LIMITED

For 9-month period ended Sept 30, 1988. In millions of U.S. dollars, except per-share figures. 1988 1987 Assets $3,631 $2,994 Long-term debt $1,250 $8…


Study shows precious metals distribution

A re-evaluation of a copper/ nickel prospect in Lake Cty. about 10 miles southeast of Ely, Minn., has shown elevated amounts of palladium, platinum, gold and silver, according to preliminary results o…


Judgment reserved in Scintilore suit

Judgment was reserved recently by a Supreme Court of Ontario judge in a motion seeking to dismiss an ownership claim by Scintilore Explorations (TSE) to the David Bell gold mine at Hemlo in northern O…


Frederick A (Ted) Fell

Frederick A. (Ted) Fell, the original mine manager at Dickenson Mines’ gold mine at Red Lake, Ont., died in Toronto Jan 23. He was 82. Fell supervised the shaft sinking in 1946-47 at what is now calle…


PRODUCER PRICES Metal Prices (January 30, 1989)

ALUMINUM: MW U.S. Market $1.06-$1.09 per lb. (Jan 19, 1989). ANTIMONY: New York dealer $1.00 cents -$1.03 per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75 per lb. (Jan 5, 1989). CADMIUM: N…


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