1988

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…


Power negotiating joint ventures

With two joint venture agreements arranged, junior mining firm Power Explorations (TSE) is looking to negotiate similar deals with other mining companies to bring its various properties in northwester…


Editorial Risky business

Mining is a risky business, right? And the men (or women) who are the leaders and the risk-takers are frequently under a lot of pressure as they weigh the various factors involved in finding and devel…


Low inventories help keep nickel high

Assuming the demand for nickel remains strong for the remainder of this year and well into 1989, and that the catching-up process by producers has some way to run until supply overtakes demand, intern…


Letters to the Editor Praise for Dome Mines

I was interested in an inside “highlights” item at the top of page 1 of your June 13 issue, which read; “Yesterdays — In the early 1900s Cobalt was the place to be.” How about “Dome Mines?” If one ha…


Queries Cusac stock is victim of market malaise

Since 1982, I have accumulated more than 30,000 shares of Cusac Industries. At a time when Cusac wasn’t making any money, I paid from $1.25 to over $3.50 for the shares. Now that the company is maki…




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