Metal Prices FUTURES PRICES (October 03, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct 116.40 115.35 116.80 4.95 Dec 108.50 105.90 108.25 4.65 Mar 98.80 …
1988
Shareholder report shows how a mining project can work out.
The following is taken from Starrex Mining Corporation’s shareholder report for the 6-months ended June 30 as an example of how a mining project can work out. Other partners in the mine are Saskatchew…
“Paddle your own canoe” Noah — Many Years Ago Review.
Noah being a sensible sort of chap, never made an investment without first consulting his weather charts. They, plus the inevitable good advice from upstairs, told him that the best investment he coul…
Champion/Power option agreement
An option agreement has been completed between Champion Gold Resources (VSE), Power Explorations (TSE) and Moss Resources (ASE). The deal gives Champion the right to earn a 50% interest in Power’s Ohm…
Exploration needed to bolster dwindling base metal reserves
Canada’s position as a metals producer can’t be maintained without finding ** more deposits ** In the search for new mineral deposits, the preoccupation with gold in recent ye…
Spot prices at a glance (October 03, 1988)
Week’s Price (US) Change Gold (per oz) $397.65 $3.95 Silver (per oz) $6.18 $0.01 Platinum (per oz) $495.00 + $3.00 Copper (per lb) $1.14 + $0.03 Lead (per lb) …
Land claim divides Yukon mining industry
Negotiations on a preliminary agreement land claim settlement in the Yukon Territory are expected to wrap up within two weeks, on the orders of federal Northern Development Minister Bill McKnight. If …
Letters to the Editor Coronation: a Canuc/Orofino venture
I refer to the article on page 13 of the issue dated Sept 19, 1988, of The Northern Miner headed “Orofino drill results.” The opening sentence of the article is misleading in that reference is made to…
Managing THE HAWTHORNE EFFECT
Recently, General Electric Co. announced it was closing its Hawthorne plant in Chicago, Ill. For those of us who have followed the evolution of “human resources management” in business, the closing of…
Some of Canada’s best gold exploration projects
There are more than 100 advanced gold exploration projects in Canada today. The editors of The Northern Miner have tried to select some of the most promising gold exploration plays as the 1988 field …
Editor’s Note KEEP IT SIMPLE
The mining industry has a standard and accepted way of reporting reserves. First, the reserve category — proven, probable or possible — is given, then the tonnage and grade. But a new practice has …
Granges Seeks To Overturn Share Purchase By Hemlo Gold
In a surprise move, Hemlo Gold Mines (TSE) picked up approximately 9.8% of the outstanding common shares of Granges Exploration (TSE). Owned 51% by Noranda Inc. (TSE), Hemlo Gold paid $9.1 million for…