Strong metal prices pull commodity index
A surge in metals prices helped Scotiabank’s all-commodity price index advance by 1.8% in November. Metals prices increased by 6.1% compared with October, while oil and gas, forest products and agricu…
News
BREAKING NEW GROUND ANSIL
A new mine is gearing up for production during the first quarter of this year in northwestern Quebec and — believe it or not — it is not a gold property. Rather, it is the massive sulphide Ansil co…
International Baron signs deals at three U.S. plays
Vancouver-based International Baron Resources (VSE) has followed up its $400,000 initial offering by signing option agreements on three United States gold properties. In the first, International Baron…
Newmont to explore Miramar’s Paymaster properties
A gold-silver project in Nevada encompassing several former producers will be explored by Newmont Exploration under the terms of a recent agreement with Miramar Energy Corp. (VSE). The agreement gives…
Metal Prices PRODUCER PRICES (January 02, 1989)
ALUMINUM: MW U.S. Market $1.11-$1.12 per lb. (Dec 22, 1988). ANTIMONY: New York dealer 96 -$1.01 per lb. (Dec 22, 1988). BISMUTH: New York dealer $6.55-$6.75 per lb. (Dec 22, 1988). CADMIUM: New York …
Vancouver Stock Exchange (January 02, 1989)
With 1988 coming to an end, the Vancouver market trend can only be described as “sideways” which is probably understandable. Throughout the year Prime Group companies have pretty well dominated tradin…
BREAKING NEW GROUND BEAUCHASTEL
More than half a century after it was first known to contain gold mineralization, the Beauchastel property, near Rouyn-Noranda, Que., is about to become a producer. The property’s owner and developer,…
Claude to proceed at Seabee
Claude Resources (TSE) has decided to proceed to final mine feasibility on its Seabee gold project in northern Saskatchewan. The decision follows a review of prefeasibility studies completed by A.C.A….
Cross Lake in venture with Golden Dragon
A joint venture agreement has been entered into by Cross Lake Minerals and Golden Dragon Resources (VSE) on a 35-claim property in Wilhemina Twp., north of Timmins, Ont. Cross Lake President R. S. Mid…
Letters RESERVE RESERVATIONS
I agree with most of your editorial “Keep it Simple” (October issue) on (ore) reserves. However, “mineral inventory,” an established term also variously known here and elsewhere as “geological ore res…
Japan and Taiwan big gold buyers
Japan is rivalling Taiwan as an importer of gold. According to news reports, Japan imported about 280 tons of gold in 1988, an increase of 40 tons from the previous year. Taiwan, which has been an avi…
Market turns for custom copper concentrates
The non-communist world’s sub-market for custom copper concentrates has developed pronounced “boom-bust” cycles of 3-4 years duration since the oil crisis of 1973, writes Metals & Minerals Research Se…