INSIDER TRADES (November 07, 1988)
Borealis — R. Cox sold 35,800 (Sept) to hold 111,936. Brenda — Noranda bought 72,000 to (Sept) hold 2,412,020. Campbell Res — R. Lister bought 2,435 (Sept) to hold 441,627. Cominco — Teck bought 1…
News
Stratmin graphite mining set for February, 1989
Stratmin Inc. (ME) has signed a 15-year agreement with Asbury Graphite Mills which gives Stratmin the right to lease and operate Asbury’s mill near Notre- Dame- du-Laus, Que. The lease will enable Str…
Cominco Resources’ Gold Projects Advance
Ore reserves were increased on two gold projects, and a feasibility study started on a third, reports Cominco Resources International (TSE) in a review of operations for the nine months ended Septembe…
United Keno losses
United Keno Hill Mines (TSE), an affiliate company of Falconbridge Ltd reported another loss, this time for the third quarter ended Sept 30. For the period, the silver mining company lost $1.9 million…
Letters to the Editor Geological grads better equiped
I have pondered for several years the potential role of mining geologists in rock mechanics/strata control aspects of mining, and agree with the comment in your editorial (N.M., Oct 17/88. “Rock mecha…
Cheni construction nearing completion
Surface construction at Cheni Gold Mine’s (TSE) Lawyers project north of Smithers, B.C., is almost complete, says Paul Girard, president. Equipment testing and commissioning for the company’s 550-ton-…
Cambior to produce from Pascalis Mine
A positive production decision has been made by Cambior Inc. (TSE) for its Pascalis Mine located 15 miles east of Val d’Or, Que. The production decision is the second made by Cambior this year and is …
Formal Production Decision for Samatosum
With all government approvals in hand, the board of Minnova Inc. (TSE) recently made a formal decision to bring the Samatosum project near Adams Lake, B.C. into production. The company has a 70% inter…
Letters to the Editor Rock mechanics research improving mining
Your Oct 17th editorial presents an opportunity for comment. The mining industry operators have understood, for some time, the need to “involve rock mechanics engineers in the mine design process.” A …
Noranda’s earnings get big boost from minerals
Strong markets during the normally slack summer period are reflected in a healthy Noranda Inc. (TSE) balance sheet to the end of September. The resources giant recorded third-quarter net earnings of $…
Spot prices at a glance (November 07, 1988)
Week’s Price (US) Change Gold (per oz) $412.50 + $ 5.00 Silver (per oz) $ 6.35 + $ 0.10 Platinum (per oz) $573.00 + $34.00 Copper (per lb) $ 1.53 + $ 0.04 Lea…
Golden Rule drilling intersects high grade at Weedy Lake project
Recent drilling on Golden Rule Resources’ (TSE) Weedy Lake property located in the La Ronge belt of northern Saskatchewan has returned more high grade gold intersections. Two holes were drilled to tes…