Liberian earnings (April 22, 1991)
Net profit of US$572,475 (14 cents per share) has been reported by Liberian Iron Ore (TSE) for the first three months of 1991, compared with a net profit of US$29.7 million ($7.52 per share) in the ye…
News
Metal Prices FREE MARKET (April 22, 1991)
ondon Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date April 16 April 15 April 12 April 11 April 10 Copper 1359-1361 1353-1354 1376-1378 137…
Inco chairman in optimistic mood
If Inco’s (TSE) performance is any indication of the overall health of the industry, base metal mining may be on the verge of a turnaround. As Chairman Donald Phillips stressed at the opening of this …
Van Stone up and running
Shipments of zinc concentrates from the Van Stone zinc mine owned by Equinox Resources (TSE) and a syndicate of European investors have started. The concentrate is shipped from the mine in northern Wa…
U.S. REPORT Eastmaque reports record production
The American Girl Mining joint venture reported record production for the month of March, producing 7,345 oz. gold from its open pit and underground operations. Eastmaque Gold Mines (TSE) owns a 50% i…
Geophysics firms form new group
A new organization has been established to develop and promote a better understanding of Canadian geophysical expertise in mineral exploration domestically and globally. The Canadian Geophysics Congre…
Minnova’s Winston Lake operation provides fast return on investment
It isn’t often that a mining company can generate enough cash flow from a single operation to recover its investment within three years, but that’s exactly what Toronto-based Minnova (TSE) has achieve…
Ont. grant for acid drainage work
Laurentian University’s department of science and engineering will receive a $9,750 provincial grant to study acid mine drainage, according to Ontario Mines Minister Gilles Pouliot. The university pla…
After 45 years of operation – Undeveloped reserves at depth assure
Still going strong after more than 45 years of operation is the Campbell gold mine near Red Lake, Ont., of Placer Dome (TSE). This remarkable producer, which was started up in 1944, has recovered 7,07…
Total looking to sell mineral assets
Total Resources’ decision to rid itself of all its mineral assets has led its 71% owned subsidiary, Total Energold (TSE), to put all the company’s mineral assets up for sale. Total Energold is involve…
Vancouver Stock Exchange Prime Equities, Teck swing deal
Both the VSE resource and composite indices pulled back during the week ended April 16. The resource index posted a 9.14-point drop to finish at 561.20, while the composite index closed at 573.27 for …
Noranda explores near Stewart
A unit of Noranda (TSE) will operate an exploration program this year on the Knipple Lake polymetallic prospect, 60 km north of Stewart, B.C. Hyder Gold (VSE) can earn a 50% interest in the property f…