METAL MARKETS Lower costs aid producers
Learning to survive with low copper prices for most of this decade made the return last year to higher metal prices even sweeter for North American copper producers. Among those reporting sigificant g…
News
Newmont output 1.6m oz by 1990
When a gold mining company has enough reserves in the ground to overtake North America’s largest producers, it can afford to be extravagant. That’s why New York-based Newmont Gold will spend $404 mill…
TVX adds Chilean mine to portfolio
Toronto-based Consolidated TVX Mining has just added to its Latin American precious metal portfolio by acquiring a stake in a Chilean gold/silver prospect from Consolidated Goldfields. Already Brazil’…
McKinnon scholarships
Don McKinnon, well known for his role in the Hemlo, Ont., gold discovery, has donated $20,000 in scholarship funds to the Haileybury School of Mines. The funds, to be known as the Don McKinnon Scholar…
Chevron still operator BYG could revive Mt. Nansen
The old Mt. Nansen gold mine near Carmacks, Y.T., could resume production later this year on an open pit basis now that majority ownership is being acquired by BYG Resources. A wholly-owned subsidiary…
Master rehabilitating Hunter mine, Timmins
Water from the 75-year-old Hunter mine near Timmins, Ont., has been pumped down to the first level. Sheathing is being installed on new surface buildings and drifting should begin underground in early…
Metal Prices FUTURES PRICES (February 22, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb 108.75 108.00 108.55 + 6.55 Mar 106.75 …
U.S. Platinum relocates refinery
One of the few North American companies collecting and refining platinum group metals, U.S. Platinum has moved its refinery from Golden to Denver, Colo. Relocating and streamlining the refinery operat…
Cream Silver drilling sparks environmental uproar at Strathcona
After a 14-year moratorium, Cream Silver Mines was testing the environmental waters when it started drilling a 5-hole program on its polymetallic deposit in Strathcona Park on Vancouver Island. The wa…
News in Brief (February 22, 1988)
A proposed merger between Central Crude Ltd. and Noront Resources has been cancelled, both companies say.
Giant Bay tests bioleaching in several joint ventures
Bullish about prospects for bioleaching refractory gold ore, Giant Bay Resources has entered a number of joint ventures to test the process commercially. Teaming up with Wright Engineers in November, …
Multinational options Carlin-area property
Multinational Resources has optioned the Emigrant Springs property in Nevada’s Carlin gold belt from a U.S. subsidiary of Teck Corp. The agreement with Teck Resources enables Multinational to earn a 5…