U.S. REPORT Atlas earnings slip
The drop in quarterly earnings was the result of lower gold prices, higher production costs because of the processing of refractory ores and lower than anticipated recovery rates. The year-earlier qua…
News
Bethlehem, Goldnev drilling bet’s down-plunge extension
Drilling on the down-plunge extension of the Goldstream deposit near Revelstoke, B.C., has intersected 8.6 ft. grading 6.35% copper, 3.17% zinc, 0.60% lead, and 0.81% oz. silver per ton in hole 91M-12…
Kingswood options Lithium property
Toronto-based Kingswood Explorations (TSE) has signed an option with a private company to acquire a 22-claim lithium property in Lacorne and Lamotte twps., about 40 km northwest of Val d’Or, Que. King…
Lower base metal prices slash profit at HudBay
Lower copper, nickel and zinc prices added up to a fourth-quarter loss for Hudson Bay Mining & Smelting (TSE) and its parent Inspiration Resources (TSE). HudBay reported a loss of $2.3 million on reve…
U.S. REPORT Hecla boosts gold production
A substantial increase in gold production last year enabled Hecla Mining (NYSE) to report 1990 earnings of US$5.1 million, or US19 cents per share, compared with a loss of US$22.4 million in 1989. Hec…
Fuel Minerals: A review and forecast of uranium and coal
The Canadian coal industry experienced a difficult year in 1990. Preliminary statistics indicate that production, consumption and imports will be down compared with 1989. Exports, however, appear to h…
Fuel Minerals: A review and forecast of uranium and coal; URANIUM
In 1990, Canada’s uranium industry continued to face an uncertain market, plagued by oversupply and low, volatile prices. Even falling output, as production centres closed or curtailed operations, cou…
Mining and the Nation: A review and forecast of the industry’s (March 01, 1991)
Preliminary data indicate that Canadian exploration expenditures totaled about $900 million in 1989, down from $1.35 billion in 1988. Although final data for 1989 were not available at the time of wri…
Specialty Metals: A summary of how some of Canada’s rarer elements
ANTIMONY Canada’s antimony production in 1990 was 653 tonnes (t) valued at $1.4 million, compared with 2,818 t and $7 million for 1989. The dramatic decline in production stemmed from the January, 199…
Base Metals: An overview of Canada’s major non-precious, (March 01, 1991)
Demand for nickel in the Western world increased in 1990 to an estimated record level of 680,000 tonnes (t), compared with 660,000 t in 1989. The increase was led by the stainless steel sector, partic…
Precious Metals: A review and outlook for gold, silver and (March 01, 1991)
The silver market performed poorly in 1990, as monthly average prices steadily declined because of a combination of soft investment demand and increased by-product output. The London silver price cont…
50 Years Ago (March 01, 1991)
STEEP ROCK PLAN LARGEST OF ITS KIND Ambitious plans exist for the drainage of Steep Rock Lake, north of Atikokan, Ont. The goal is to get cheaply at the iron ore below, according to Joseph Errington, …