Metal Prices PRODUCER PRICES (December 14, 1987)
ALUMINUM: MW U.S. Market 80.00 cents -82.00 cents per lb. (Dec 3, 1987). ANTIMONY: New York dealer $1.10-$1.14 per lb. (Nov 19, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CAD…
News
Market crash hurting junior resource equity finance opportunities
The stock market crash last October has affected junior mining companies in more ways than just knocking down share prices by an average of 40%. Black Monday, which witnessed the largest one-day colla…
Cusac joins Gulf Titanium in Montana gold-silver project
With Cusac Industries as a partner, it’s all systems go on the $3.l-million development of Gulf Titanium’s Cruse Belmont gold-silver project near Helena, Mont. Cusac is paying $1 million(US) to earn a…
Granges, MacMillan expanding ore zone at Mishibishu Lake
In-fill and zone extension drilling continue to encounter mining- width, ore grade mineralization at the Granges Exploration-MacMillan Energy Mishibishu Lake gold project in northwestern Ontario, the …
Nevada Goldfields opens another U.S. gold mine
Milling started in mid-November at Nevada Goldfields’ Aurora gold mine, located in the Aurora mining district in Mineral Cty., Nev. The Aurora open pit and underground mine (not to be confused with a …
Editorial Gold save us all
Boring, are we? Where does Britain’s Economist magazine get off calling Canada “irredeemably boring?” It came to that unforgivable assessment recently in a research report titled The World in 1988. T…
Alberta Stock Exchange Argus is prominent
In recent weeks, Argus Resources has figured prominently as investors respond enthusiastically to its massive sulphide discovery near Contwoyto Lake in the Northwest Territories. While the project is …
Supreme Court defers decision on Lac-Corona
A decision on whether to grant Lac Minerals the right to appeal earlier court rulings awarding ownership of the Williams gold mine in the Hemlo area of northern Ontario to International Corona Resourc…
Shareholders reject Nova-Cogesco offering
Shareholders of Nova-Cogesco Resources of Montreal have rejected a private placement of 700,000 shares to MSV Resources, Nova- Cogesco reports. Proposed price of each share was $2.75. MSV currently ha…
Coniagas struggles to show a profit in 1987
With a new gold mine expected to be up and running next year and a resumption of production at Bachelor Lake, the Coniagas Mines group is looking ahead to better things in 1988. As reflected in a mixe…
Kaaba/Alawas start heap leaching test
Construction of the first leaching pad at the Picacho gold project of joint venture partners Kaaba Resources and Alawas Gold in Imperial Cty., Calif., is progressing on schedule. The leaching pad and …
Platinova/Cominco in south Alaska venture
Partners Platinova Resources and Cominco American Inc. have identified a number of gold-copper-silver mineralization centres in a new south central Alaskan gold district, Platinova said recently. With…