Winston Lake zinc mine a boon for North Shore
Ontario’s first base metal mine to open in eight years, the Winston Lake zinc mine 23 km northwest of here, was hailed as a boon for communities along the north shore of Lake Superior during opening c…
News
HSK, Joutel Res. in joint venture
Toronto-based HSK Minerals (TSE) and Joutel Resources (TSE) are about to embark on a joint venture at eight mining claims in the Guibord and Hislop Twp. areas southeast of Timmins, Ont., HSK said rece…
Noranda’s CEZ adding silver recovery circuit
Celebrating 25 years of production, Canadian Electrolytic Zinc (CEZ) is adding a silver recovery circuit to its zinc reduction plant located just outside Montreal. A pilot plant has been installed and…
Vancouver Stock Exchange Sumer doldrums slow trading
It was yet another quiet week on the VSE with many investors still on the sidelines waiting for news from summer programs now under way in northwestern B.C. and elsewhere. The expectation is that good…
Noranda/BP Nfld project shows significant values
Eight holes drilled since the middle of July at the Tally Pond- Duck Pond polymetallic project in central Newfoundland have intersected significant values, joint venture partners Noranda Inc. (TSE) an…
Jamex, Dungannon now Claddagh Gold
Shareholders of Jamex Resources (ME) and Dungannon Explorations (VSE) have approved an amalgamation plan which will result in the formation of a new company, Claddagh Gold. It is proposed Claddagh be …
Placer mining is still important
The oldest means of mining gold is placer mining, recovering the gold particles — some of which can be spectacularly rich — along river beds by panning or washing. Placer mining accounts for a small…
Alberta Stock Exchange (August 08, 1988)
Even in balmy August when investors seem to have other things on their minds, news of a gold discovery can still spark some excitement among summer speculators. That was proven this week by Bitech Ene…
Inco won’t renew contract with nickel refiner Sherritt
In the market for new feed for its Alberta nickel refinery is Sherritt Gordon (TSE). The company’s nickel concentrate purchase contract with Inco Ltd. (TSE) is set to expire at the end of 1989 and Inc…
McNellen says yes to Echo Bay deal
Shareholders of McNellen Resources (VSE) recently gave the go- ahead to a transaction in which Echo Bay Mines (TSE) will acquire two million McNellen shares at $2.50 per share. Under the agreement, du…
Hemlo Gold reports drop in earnings
Second-quarter earnings of $10.6 million (12 cents per share) on revenue of $44.5 million were recorded by Hemlo Gold Mines (TSE), compared with $12.2 million (14 cents per share) on revenue of $47.2…
Metal Prices FUTURES PRICES (August 08, 1988)
N.Y. Commodity Exchange High Low Close Change COPPER (in US cents per lb.) Aug 90.40 89.10 89.35 — 6.65 Sep 91.80 89.40 89.70 — 4.30 Dec 88.75 86.35 …