EPA threatens lead producers
The U.S. Environmental Protection Agency (EPA) recently indicated that it is preparing a position paper dedicated to the eventual banning of lead mining south of the border and to the importance of re…
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Insider Trading Gairdner sells Arimetco shares
Arimetco International (TSE) director John Gairdner recently missed an opportunity to cash on the Arizona company’s copper sales agreement with metals trader Billiton Minerals. The deal drove Arimetco…
LETTERS TO THE EDITOR Frustrations understandable
A. Chamot’s rather vitriolic letter (T.N.M., Jan. 28/91) referring to engineers and the profession follows the pattern of most highly concerned individuals by showing a propensity for exaggeration. Bu…
Toronto Stock Exchange First-quarter profits push shares to record
The New York Stock Exchange’s Dow Jones Industrial Average reached an all-time high of 3,004.45 during the week ended April 17, as a number of key companies began releasing their first-quarter earning…
Montreal Exchange Armeno shows gain
Topping the list of active resource stocks during the week ended April 16 was Vancouver-based Armeno Resources, which gained 4 cents to 44 cents on trading of more than 600,000 shares. Among the compa…
Claimstaker stakes in Toodoggone
A group of claims totalling 56 units have been staked in the Toodoggone region of north-central British Columbia by Claimstaker Resources (VSE). The claims are immediately adjacent and to the south of…
DRX explores Yap gold bet
New York-based DRX (NASDAQ) is encouraged by exploration results on a Micronesian gold property in Yap State, 750 miles north of Papua New Guinea. Yap State is a former U.S. trust territory and the gr…
Exploration spending shifting to base metals
Most of Canada’s major mining companies will spend less on exploration this year as part of an industry-wide decline in the search for new deposits. And with the price of gold resting comfortably at U…
U.S. REPORT ASARCO signs new wage deal
New York-based metals producer Asarco (NYSE) has signed a new 3-year wage deal with the United Steelworkers union which represents 130 employees at the company’s Glover, Miss., smelter and refinery. T…
Tagish continues Eskay dispute
A legal dispute brought about by prospector Paul Dupras and Tagish Resources against Prime Resources Group (VSE) was stayed pending the outcome a second dispute to be heard in May. Tagish had sought a…
Cyanide usage
As a graduate of an accredited mining college, a geologist who trained with the Manitoba Department of Mines and a qualified physical scientist with the Geological Survey of Canada, plus a former gold…
U.S. REPORT Record production at Champagne mine
The Champagne gold mine in Idaho turned out a record 26,700 oz. gold equivalent in 1990 — its first full year of production — and generated $11.6 million in revenue and a gross profit of $6.5 millio…