1988


MRI revenues up from 1987 level

As indicated by its recent financial results Mineral Resources International (TSE) is continuing to benefit from zinc prices which jumped recently to $1,350(US) per tonne from $820 a year ago. MRI’s n…


Noront involved in big new play

Noront Resources (VSE), recently reactivated with strong financial backing as the exploration arm of Central Crude (VSE), is spreading its wings. Although not yet finalized, the company has reached an…


Skukum, Berglynn cut wide sections, good grade

Several high grade drill hole intersections were reported by 50/50 partners, Skukum Gold (VSE) and Berglynn Resources (VSE) from the newly discovered Goddell Gully structure on their joint-ventured pr…


United Keno losing miners

A shortage of skilled miners and low metal prices are affecting silver production at the Elsa Mine, located 500 km north of Whitehorse, Yukon Territory. The Elsa silver mine, owned and operated by Uni…


Editorial Tomorrow’s leaders

Thomas Meyer wants someday to be a mine manager and Craig Bournes wants to study rock mechanics. The two second- year students at the University of Toronto will likely attain those goals and the minin…


Newmont Gold has record production

A $420 million(US) expansion program at its Carlin, Nev., operations is paying off for Newmont Mining’s 90% owned subsidiary Newmont Gold. Net income for the first nine months of 1988 increased to $7…


Intl. Platinum options US properties

Toronto-based International Platinum Corp. (TSE) has optioned more platinum properties in the United States. The first is a 47-claim property covering some 2.9 miles of the layered Picket Pin reef loc…


Orleans drilling

Favorable drilling results have been released by Orleans Resources (ME) from the Tangier property (East block) in Nova Scotia located 51 miles northeast of Halifax. Orleans is earning a 50% interest i…


INSIDER TRADES (November 14, 1988)

Bitech — J. Wade bought 25,000 (Oct, private) to hold 1,100,416. First Can Gold — J. Hahn sold 1,000,000 (Sept) to hold 41,413. Flagship — Moss Res sold 300,000 (Sept, private) to hold nil. Franco-…



Metal Prices PRODUCER PRICES (November 14, 1988)

ALUMINUM: MW U.S. Market $1.07-$1.09 per lb. (Oct 27, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $5.90-$6.00 per lb. (Oct 20, 1988). CADMIUM: New Yo…


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