Metal Prices PRODUCER PRICES (August 15, 1988)
ALUMINUM: MW U.S. Market $1.21-$1.24 per lb. (Aug 4, 1988). ANTIMONY: New York dealer $0.99-$1.05 per lb. (July 21, 1988). BISMUTH: New York dealer $5.90-$6.05 per lb. (Aug 4, 1988). CADMIUM: New York…
News
Higher gold prices help boost Homestake’s operating profit
Driven by substantially higher income from gold and base metals, Homestake Mining Co. reported a 36% increase in operating earnings during this year’s second quarter. The giant United States mining co…
Letters to the Editor Canmamax’s rebuttal
In reference to a letter to the editor from J. H. J. Morgan (N.M., Aug 8/88), certain statements were made about Canamax’s 100% owned Kremzar project. I would like to point out some inaccuracies in hi…
Weakening dollar affects Denison
Low oil prices and a weakening U.S. dollar adversely affected Denison Mines’ (TSE) second-quarter earnings, the company said recently. They combined to offset higher potash prices and production gains…
Prospector Airways
A formal agreement is expected to be signed shortly that will allow recently-listed Prospector Airways (VSE) to earn a 40% undivided interest in Esso Resources Canada’s Eagle properties in the Dease L…
Golden Star adds polymetallic project to Bolivian assets
Calgary-based Golden Star Resources (ASE) recently added a Bolivian polymetallic property to its list of South American mineral assets. Located in the Andes mountain range, near the Argentina border, …
Bioleach Test Facility for B.C. Gold Project
A 60,000-gallon biological leach test facility will be built by Congress Operating Corp. and Giant Bay Resources (TSE) near Gold Bridge, B.C. The plant, which is expected to be in production this fall…
Moss Res. makes exploration plans
Exploration plans this year for Moss Resources (ASE) include further drilling to delineate reserves on the Kasagiminnis Lake, Randall Lake and Opapimiskan Lake properties, and comprehensive exploratio…
Shannon finances Tatsamenie program
Alberta-based Shannon Energy (ASE) has raised $700,000 through a number of flow-through share issues to finance exploration at the Tatsamenie property in northwestern British Columbia, the company sai…
Sinking resumes at Cigar Lake
Shaft sinking adjacent to the largest high grade uranium deposit in the world at Cigar Lake, Sask., should re-commence this week. Regina-based mining contractors Thysson Mining Construction of Canada …
Total Erickson/Agip suspend Mt. Skukum project
When the Mount Skukum mine officially opened in the summer of 1986, it was hailed with great fanfare as the Yukon’s first significant hard rock gold mine. Two years later, the internationally-backed c…
Grab Samples (August 15, 1988)
The federal government’s Export Development Corporation says its deal to insure Placer Dome’s investment in Papua New Guinea is its largest foreign investment deal ever. The insurance covers Placer’s …