News


PNG road show tries to ease investors’ fears

Porgera, Misima, Lihir and Ok Tedi are heavyweights among the world’s gold producers, or will soon be. As well, Kutubu and Hides are on the verge of making the same mark in hydrocarbons. These mining …


Coeur d’Alene wins $50,000

Idaho-based Coeur d’Alene Mines recently won the first Du Pont/Conoco Environmental Leadership Award for environmental excellence in the U.S. metals mining industry. This year seven companies were nom…


Eastmaque closing tailings project

Eastmaque Gold (TSE) has elected to close its Kirkland Lake, Ont., gold tailings reclamation and recovery project after extracting about 12,500 oz. this year. While the 19,865 oz. recovered from the p…


Morrison selling Aerodat interest

Subject to regulatory and shareholder approval, Morrison Minerals (TSE) plans to sell its shares in Aerodat Ltd., a private company in the airborne geophysical service industry, to Geonex Ltd. Morriso…


Rayrock buys 20% of New Canamin

Intrigued by New Canamin Resources’ (VSE) recently acquired copper porphyry plays in central British Columbia, Rayrock Yellowknife Resources (TSE) has purchased, through a private placement, 600,000 s…


Durga writes off exploration costs

Durga Resources (ASE) has written off $1.9 million in deferred exploration expenditures for the fiscal year ended March 31. More than half of the writeoff expense is attributed to Durga’s gold prospec…


Belmoral gets $2 m refundable credit

Toronto-based Belmoral Mines (TSE) recently received an assessment notice from the Quebec Ministry of Natural Resources relating to provincial mining duties. Belmoral is scheduled to receive a $2.2-mi…


Meeting cancelled

The First International Symposium on Sulphide Dust Explosions, Mine Fires & Emergencies (SDEMF&E), scheduled to be held in Bathurst, N.B., Oct. 27-31, 1991, has been cancelled because of the low numbe…


FUTURES PRICES (October 21, 1991)

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 105.95 104.80 105.60 – 2.40 Nov 105.15 104.30 105.00 – 2.00 Dec 104.50 102.80 104.10 – 1.90 SILVER (in US cen…


Granges continues drilling Unuk River

Three of five recent holes drilled by Granges (TSE) on its 50% owned Unuk River project in northwestern British Columbia failed to return any significant gold or silver values. The project, in the Esk…


Sherritt purchase

Sherritt Gordon (TSE) reported completing its acquisition of oil and gas producer Canada Northwest Energy Ltd. The deal called for Sherritt to issue almost 4.7 million shares and almost $265 million p…


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