Hope Brook losses continued in 1990
Continued difficulties with production at its low-grade mine in Newfoundland, coupled with relatively weak gold prices, kept {Hope Brook Gold Mines{ (TSE) in the red during 1990. The company reported …
News
Noranda options Kingswood claims
A 133-claim base metal property owned by Kingswood Resources (ASE) in the southern half of La Gauchetierre Twp., Que., has been optioned by Noranda Exploration, a unit of Noranda (TSE). The claims are…
PRODUCER PRICES (March 18, 1991)
ALUMINUM: MW U.S. Market US69.50-71.50 cents per lb. (Feb. 28, 1991). ANTIMONY: New York dealer US86-88 cents per lb. (Feb. 28, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CA…
Hemlo’s Harvey likes idea of Noranda gold asset deal
Speculation that Noranda (TSE) is attempting to pare down debt by offering to sell its gold assets to 50.8%-owned affiliate Hemlo Gold (TSE) was confirmed recently by Hemlo Gold President John Harvey….
Chutine needs US$22m to build copper mine at San Antonio
Following the recent completion of a feasibility study, Chutine Resources (VSE) says it will need about US$22 million to build a new open pit copper mine at its San Antonio property in the Sonora stat…
U.S.REPORT Cyprus’ drilling spurs more work
Exploration work is continuing on Savanna Resources’ (ASE) Santa Rosa zinc property under option to Cyprus Metals Exploration in Inyo Cty., Calif. To date, Cyprus has completed an IP (geophysical) sur…
U.S.REPORT Oracle Ridge up and running
The Oracle Ridge project 70% owned by South Atlantic Ventures (VSE) is up and running. Production was planned for the third quarter of 1990, but startup was delayed by continued difficulties with inst…
Vancouver Stock Exchange Eurus, Thios prices in retreat
The Vancouver Stock Exchange indices took a breather over the week ended March 13, 1991, after the past month’s mini-rally. The composite index inched up about five and a half points to finish at the …
EDITORIAL McLaughlin a controversial choice
Inviting federal New Democratic Party leader Audrey McLaughlin to be guest speaker at a key luncheon during the Prospectors and Developers Association of Canada’s annual convention may turn out to be …
Insider Trading Dayton directors ready to cash in
A small group of Dayton Developments (TSE) directors were recently positioning themselves to cash in on any future increases in the Vancouver company’s share price. Back in mid-December, after enginee…
Noranda drops Merry Widow
After carrying out a limited exploration program, aunit of Noranda (TSE) has decided not to continue its option onthe Merry Widow property owned by Taywin Resources (VSE) on Vancouver Island in southw…
Assays awaited on Orex’s Goldboro
A 4-hole test drilling program has been completed by Minnova (TSE) on Exploration Orex’s (ME) Goldboro property in Guysborough Cty., N.S. The program was designed to confirm results from four earlier …