Nickel falls to near $5
The roller-coaster ride nickel has been on this year took a downturn recently when the morning spot price of the base metal fell to $5.08(US) per lb on the London Metal Exchange (LME) and the 3-month …
News
Atlantic Gold drilling increases proven reserves in Idaho
Partners Atlantic Goldfields (COATS) and Jascan Resources (TSE) are considering what to do with their combined 45% interest in the Noxon silver-copper deposit, now that an agreement to sell their inte…
Metal Prices FREE MARKET (September 15, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Sept 13 Sept 12 Sept 9 Sept 8 Sept 7 Copper 1446-1448 140…
Books Register gets bigger
The book which has gained the high reputation over the past few years as a wealth of resource information, has just been published in its updated version. Register of Australian Mining (1988/89) by Ro…
Metal Prices Boost Equity Silver Revenues
While first half earnings for common shareholders slipped this year from the comparative 1987 period, Equity Silver Mines (TSE) said revenues from silver, copper and gold improved over those of 1987 d…
Tenajon Intersects High Grade Gold on S.B. Property
Since the glory days of the old Premier mine north of Stewart, a belief persists among the local mining fraternity that had this corner of British Columbia been a little less rugged and a little more …
Inco’s first gold mine opens
While pouring the first gold bar from the East zone of their Golden Pond project in the Casa Berardi region of northwestern Quebec, Inco Gold and Golden Knight Resources (TSE) announced drill results …
Trend to smaller mines worries union
The boom and bust cycles of mining are expected to continue with even more dramatic swings than in the past say a team of researchers for the United Steelworkers of America. The union’s research team …
Metal Prices PRODUCER PRICES (September 12, 1988)
ALUMINUM: MW U.S. Market $1.27-$1.29 per lb. (Aug 25, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.15 per lb. (Aug 25, 1988). CADMIUM: New Yor…
Vancouver Stock Exchange Brokers’ phones starting to ring
August went out like a lamb, and September came in like one too, but brokers do say the phones are beginning to ring now that the holidays are over. While the momentum doesn’t appear to exist for a bo…
Aur earnings decrease
On target to begin production at the Kierens zone gold deposit near Val d’Or, Que., later this month, Aur Resources (TSE) of Toronto has reported a drop in its 9-month earnings. Earnings before deferr…
Orion start-up costs cut Malartic earnings
Start up costs at Malartic Hygrade’s (VSE) Orion gold mine near Val d’Or, Que., and an unrealized U.S. dollar exchange loss, reduced the company’s earnings during the first half of 1988, Malartic anno…