EDITORIAL PAGE NDP fails to face reality
Much dissension and flak pertaining to the New Democratic Party of Ontario’s initial budget has been voiced in the national press and across the airwaves. Anything we could write here would be almost …
News
Parson barite mine receives safety award for small mines
The Parson barite mine in British Columbia recently won the 40th annual Small Mine Safety Award for the third consecutive year. The Parson operation, privately owned by Mountain Minerals of Lethbridge…
GUEST COLUMN Unique solutions to problems of arctic mining
Cominco began its high Arctic development with the Black Angel silver-lead-zinc mine in Greenland in 1973. In 1982, it opened the Polaris lead-zinc mine in the Arctic Islands. And in late 1989, tune-u…
Spot prices at a glance (May 06, 1991)
Price (US) Week’s Change Gold* $356.25 + $ 0.35 Silver* $3.97 + $ 0.03 Platinum* $394.25 + $ 0.80 Nickel** $4.10 …
Insider Trading Sherritt executives on buy side
Sherritt Gordon (TSE) Chairman Ian Delaney and President Bruce Walter recently delivered on a promise to invest more of their own money in the Toronto-based metal refiner and fertilizer producer. Acco…
Denison closing Elliot Lake mine
Ontario Hydro has already begun shopping around for new uranium sources to replace the amounts supplied under recently cancelled long-term contracts signed with Denison Mines (TSE). While uranium prod…
Alberta Stock Exchange Golconda drilling
Assays are being received for the first-phase drilling program at the Goldridge gold prospect in Oregon, Golconda Resources reported. The junior, which slipped a penny to 65 cents, traded almost 300,0…
Unlisted Trading Strike remains active
News of plans for a third drill program at the Robertson Twp. copper-zinc prospect near Matachewan, Ont., kept Strike Minerals active. Trading on a volume of 23,500 shares, the company closed at 35 ce…
Tintina, NSR plan joint work
An agreement to jointly explore property in English and Zavitz twps. in northeastern Ontario has been negotiated by Tintina Mines (TSE) and NSR Resources (TSE). Tintina optioned the property — compr…
Calgary to host conference
Calgary has been selected as the site for next year’s Second International Conference on Environmental Issues and Management of Waste in Energy and Mineral Production. A “call for papers” was recentl…
Amax earnings down 36%
General recessionary pressures including lower prices for aluminum, gold and oil resulted in a 36% drop in first quarter earnings for Amax Inc. (NYSE). The New York company recorded net earnings of U…
Minnova rethinks strategy after Samatosum
The original investments Minnova (TSE) made in the Winston Lake and Ansil mines have been paid off, and the company is in the enviable position of having a substantial cash balance, shareholders learn…