Cost remarkably low at Emerald Lake mine
R. A. Bruce McDonald’s first gold discovery was in Quebec’s Casa Berardi area. But his first gold producer is the Golden Rose mine, located 60 miles northeast of here, Mr McDonald is the charismatic c…
News
Letters to the Editor (October 12, 1987)
Regarding the photo (of the old Bruce Mines, Ontario’s earliest copper producer) in the Sept 28 issue of The Northern Miner. I prospected the Bruce Mines area over 20 years ago and had a few hangovers…
News in Brief (October 12, 1987)
Allure Resources Corp. has changed its name to Allure Industries Corp. on a share-for-share basis. There is no change of symbol.
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (October 12, 1987)
Oct. 6 Oct. 5 Oct. 2 Oct. 1 Sept. 30 ** ** Gold London Bullion Dealers afternoon (morning) $US per oz. ** 458.00(456.85) 456.50(455.15) 454.35(455.00) 454.90(454.10) 459.50(459.15) ** Gold…
Metal Prices FUTURES PRICES (October 12, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct. 83.25 83.25 83.10 + 1.70 Dec. 83.45 82.70 83.00 + 1.8…
New junior exchange looming closer?
Ontario would appear to be moving closer to a junior mining stock exchange with the formation of National Quotes Inc., an outgrowth of the coats system (short for Canadian Over-The-Counter Trading Sys…
Vancouver Stock Exchange Tundra Gold unchanged
There’s been a significant downturn in Vancouver, reflecting in part the seasonal nature of exploration throughout much of the country and uneasyness over the 91 point free-fall in the Dow Jones Tuesd…
People (October 12, 1987)
Ontario Ministry of Northern Development and Mines — Peter Mancini has been appointed senior mineral statistician in the mineral development and lands branch of the mines and minerals division.
Editorial Trade deal better than no deal at all
The mining industry in Canada has reason to feel happy about the eleventh-hour free trade agreement that has been hammered out between the U.S. and Canada. Generally speaking the industry, which expor…
BP, partners to produce from third Selbaie zone
A third zone will be developed at the joint-venture Selbaie copper- zinc mine in northwestern Quebec, with production to begin during the last quarter of 1988. Estimated cost of bringing the new A2 zo…
Letters to the Editor Pickens after coal, not gold?
Reference is made in your article in the Sept 28 issue, “Newmont pushed to wall by gold-hungry Pickens.” The reader questions that Pickens is really interested in gold. He is smart enough to know that…
Sitka Gold formed for Chicagof mine
Three companies involved in the Chichagof mine project 80 miles southwest of Juneau, Alaska, have put their respective interests into a new entity called Sitka Gold. Holding the largest equity positio…