Metal Prices PRODUCER PRICES (April 18, 1988)
ALUMINUM: MW U.S. Market $1.11-$1.21 per lb. (Apr 7, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.70-$5.85 per lb. (Mar 24, 1988). CADMIUM: New York…
1988
Metal mining tax peculiarities (1)
Oh, how we hate to pay taxes. Even so, some taxes make us angrier than others. Revolutionary changes took place in the taxation of the mining industry in Canada in 1973 and 1974 and the effects are st…
Goldteck find high grade at Wilkinson Lake prospect
Toronto-based Goldteck Mines (TSE) has pulled a high grade gold intersection while drilling at the Wilkinson Lake property in Beardmore, Ont., the company announced recently. Hole No. 87-17 intersecte…
Teck considers options at Montcalm nickel deposit
In light of the current strength in nickel prices, Teck Corp. (TSE) is considering several options for its Montcalm Twp., nickel-copper deposit located 35 miles northwest of Timmins, Ont. Hosting rese…
Largest research team being built by Yorkton
The largest mining research team in Canada is being established by Yorkton Securities. Using a formula which has proven popular in Europe, but remains new to the Canadian scene, Yorkton is building a …
Breakwater sees record production and profits
The past year has been one of tremendous change and growth for Breakwater Resources (TSE). The company turned in record production and profits, became free of bank debt and paid its first semi-annual …
Bentley ups reserves at Bagdad Chase mine
A recently completed drilling program has increased open pit reserves at Bentley Resources’ (VSE) Bagdad Chase mine located in the Mojave Desert of southern California. Reserves have increased to 1,10…
Editorial Sales tax on power is a no-no
As though an electrical power rate increase announced late last year of about 5.2 per cent to direct power users weren’t enough, it is now being proposed that a sales tax be added to the cost of power…
Rouyn bulk sampling at Francoeur gold project
A 33,500-ton bulk sampling program at the Francoeur property is expected to be completed by May, Rouyn Mining Resources (TSE) says. Following the completion of the mining program, the company plans to…
Galactic announces European offering
Galactic Holdings, a wholly- owned subsidiary of Vancouver- based Galactic Resources (TSE), recently announced a European public offering to help reduce a $14- million(US) debt load incurred during a …
Queries Silver Eureka hopes rind on construction
It has been about five years now since I heard anything from Silver Eureka Mining which holds a 25% interest in Eureka, Nevada-based Ruby Hill Mining Co. A number of years ago, Silver Eureka receive…
Westar gets price increase from Japanese coal buyers
A $2.90(US) price increase has been won by Westar Mining (TSE) from its Japanese customers for the coal year commencing April 1. This brings the price for metallurgical coal to $46.90 per tonne. Westa…