Mine closure means loss for Bachelor
The closure of their mine and mill in Desmaraisville, Que., has hurt Bachelor Lake Gold Mines’ (TSE) 1989 financial results. Producing for only half of the year, Bachelor reported a net loss of $3.4 m…
News
At Harker-Holloway New zone at Harker-Holloway
A new gold-bearing structure has been identified on the Harker- Holloway gold property, 40 miles east of Matheson, Ont. Noranda (TSE) discovered the new structure while infill drilling on the main Lig…
Underground drifting adding to confidence in Rouyn mine
Underground exploration at the Francoeur gold mine, held equally by Rouyn Mining Resources (TSE) and LAC Minerals (TSE), continues to support the theory that proven reserves can be increased. Situated…
Spending slump hurts Hillsborough
Reduced expenditures on exploration and development by the mining industry have had a negative effect on Hillsborough Resources’ (TSE) 1989 revenue. The mining contractor reported revenues of $31 mill…
Northgate group results mixed as Colomac gold pour awaited
As it waits for the first gold pour at the potentially huge Colomac gold project in the Northwest Territories, Northgate Exploration (TSE) and its group of affiliates reported some mixed first-quarter…
Homestake selling Doe Run interest
Primary lead producer The Doe Run Co. will soon have only one owner. Homestake Mining (NYSE) has agreed to sell its 42.5% interest in Doe Run to Fluor Corp. for US$125 million and indemnification agai…
Ontario’s Spanish River plan offers hope for better access
Today, there may be a faint glimmer of hope for the mineral industry in its continuing concern about access to land. On March 30, the final plan for land use around the Spanish River, in the Sudbury D…
People ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES
W. D. Tieman has been appointed Ontario’s new Mining and Lands Commissioner, effective June 1, 1990.
Getchell pulls good drill holes at Galaxy
Recent drilling by Getchell Resources (VSE) on the Galaxy property near Kamloops, B.C, returned encouraging results which appear to confirm the results of previous drilling done on the property during…
PRODUCER PRICES (June 04, 1990)
ALUMINUM: MW U.S. Market US72.50- 74.50 cents per lb. (May 17, 1990). ANTIMONY: New York dealer US82-84 cents per lb. (Apr. 19, 1990). BISMUTH: New York dealer US$4.05-4.15 per lb. (May 17, 1990). CAD…
People GRANDUC MINES
William Grismer appointed president and chief executive officer succeeding William Allan who resigned. People May 22, 1990…
Correction (June 04, 1990)
Contrary to what was reported (T.N.M., May 28/90), the average cost of production at Canamax Resources’ (TSE) three Canadian gold mines during the first three months of 1990 was US$372 per oz., compar…