Mineral economics symposium planned
Senior executives from some of the world’s major companies likely to play a key role in the mining industry of the 1990s will be among the speakers at a mineral economics symposium in Toronto Jan 24-2…
1988
Silverside, LAC build up tonnage
Encouraging drilling results from the Garrison gold property in northeastern Ontario have been released by Silverside Resources (TSE) and program manager LAC Minerals (TSE). WidthGrade Hole (ft) (o…
Granges drilling on Giant Gripp
Drilling by Granges Exploration (TSE) on the Giant Gripp base metals deposit in Ontario has yielded one of the best intersections yet from that deposit. A Granges spokesman confirmed that the company …
B.C. heap leach producing gold, silver
The Union heap leach project operated by Sumac Ventures (VSE) near Grand Forks, B.C., generated gross revenue from the six heaps to Oct 1, of $659,804, the company reports. Sumac is treating tailings …
Cons TVX reports increased earnings
Third quarter earnings for Consolidated TVX Mining Corp. (TSE) was $3.3 million or 11 per share compared to earnings of $1.7 million or 7 per share realized in the same period last year. The company…
Rambler joint venture drilling Baie Verte bet
Early results from a 65,000-ft drilling program currently under way on the Rambler properties near Baie Verte, Nfld. have returned moderate gold values. The drilling program, designed to test gold and…
Louvem financing
The issue of rights to its holders of common shares for the sub- scription of flow-through shares amounting to $1.3 million will not proceed, Louvem Mines (TSE) reports. Instead, the company has accep…
COATS Trading Features (November 21, 1988)
This week, Mount Pleasant Resources reached an agreement with Cambior whereby it will receive Cambior’s 89% interest in Brunswick Tin Mines Ltd. Mount Pleasant already owns 11% of the issued shares of…
Pamorex/Queenston sign Beaver deal
Pamorex Minerals (TSE) has signed a letter of intent to earn a 51% interest in Queenston Gold Mines’ (TSE) Upper Beaver mine gold property. Located about 15 miles east of Kirkland Lake, Ont., the Uppe…
Galactic/Can-Pacific in Chinese venture
Galactic Resources (TSE) is teaming up with another Vancouver company, Can-Pacific Rare Earths, to conduct exploration in China. The new company Galactic Resources China, will attempt to strengthen th…
Metal Prices FUTURES PRICES (November 21, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 142.70 136.60 136.90 — 11.90 Dec 135.80 129.50 …
Blackdome earns $2 million
A net income of $2 million or 24 per share has been reported by Blackdome Mining (TSE) for the first nine months of 1988. This compares with $5.1 million or 61 for the same period a year ago. The com…