Editorial A brush with the law
Should it come as a surprise that criminal charges against prospector Donald McKinnon have been dropped? He had been charged in connection with the disappearance of some files from the mining recorder…
1988
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…
News in Brief (August 15, 1988)
Mono Gold Mines has announced that it has entered into a private placement and flow-through agreement with NIM Resources whereby the partnership has agreed to purchase flow-through shares having an ag…
Dickenson income falls, while Wharf improves earnings
Reporting lower net earnings for the first six months of 1988, but similar gold production at its Red Lake, Ont., mine, compared with last year, was Dickenson Mines (TSE). Net earnings to the end of J…
Chesbar, Murgold report continued high gold values
Underground drifting on the 400-ft level at the Chester Twp. gold project in northern Ontario has confirmed the strong downward continuity of the No 3 vein system, Murgold Resources (TSE) President Ch…
Drillers hurting as exploration lull continues
A stodgy market has combined with uncertainty over the future of government tax incentives to take some of the steam out of an exploration boom which permeated the Canadian wilderness between 1983 and…
Placer Dome’s earnings down
First half 1988 earnings before other income of $76.3 million are reported by Placer Dome (TSE). The figure is 62% higher than in the same period last year, when earnings before other income were $47….
Metal Prices FREE MARKET (August 08, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug.2 Aug. 1 July 29 July 28 July 27 Copper 1219-1221 1214-1216 1251-1253 1224-1226 1231-1233 Lead 346-3…
Winston Lake zinc mine a boon for North Shore
Ontario’s first base metal mine to open in eight years, the Winston Lake zinc mine 23 km northwest of here, was hailed as a boon for communities along the north shore of Lake Superior during opening c…
Metal Prices PRODUCER PRICES (August 08, 1988)
ALUMINUM: MW U.S. Market $1.24-$1.28 per lb. (July 28, 1988). ANTIMONY: New York dealer $0.99-$1.05 per lb. (July 21, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New …
Vancouver Stock Exchange Sumer doldrums slow trading
It was yet another quiet week on the VSE with many investors still on the sidelines waiting for news from summer programs now under way in northwestern B.C. and elsewhere. The expectation is that good…
Jamex, Dungannon now Claddagh Gold
Shareholders of Jamex Resources (ME) and Dungannon Explorations (VSE) have approved an amalgamation plan which will result in the formation of a new company, Claddagh Gold. It is proposed Claddagh be …