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…
News
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…
TVX Gold reports profit
Toronto-based TVX Gold (TSE) has reported its audited net earnings for 1990 following the amalgamation of its predecessor company Consolidated TVX Mining with Inco Gold on Jan. 7. For accounting purpo…
TORONTO STOCK EXCHANGE INDICES (April 22, 1991)
Apr. 16 Apr. 15 Apr. 12 Apr. 11 Apr. 10 HIGH LOW Composite”300″ 3539.73 3516.43 3509.39 3504.84 3494.06 4009.47 3009.91 Metals & Minerals3147.92 3120.02 3123.67 3116.87 3079.56 3453.06 2502.63 Integra…
Spot prices at a glance (April 22, 1991)
Week’s Price (US) Change Gold* $361.00 — $ 2.65 Silver* $ 4.07 + $ 0.05 Platinum* $400.75 — $ 5.25 Nickel** $ 4.07 — $ 0.06 Lead** $ 0.26 — $ 0.02 Copper{ $ 1.12 + $ 0.00 Zinc{{ $ 0.65 + $ 0.06 Co…
Goldcorp CSA report losses
Toronto-based Goldcorp Investments (TSE), the company that controls gold producers Dickenson Mines (TSE) and Wharf Resources (TSE), has reported a consolidated loss of $60.5 million or $3.45 per share…
Geology makes Red Lake high-potential area
Red Lake is still one of the high potential mining camps of Ontario, according to regional geologist Brian Atkinson. The primary reason is clearly the geology despite the widespread covering of overbu…