Faxed claims focaus of dispute
Two prospectors and their agent are disputing the ownership of 13 claims staked by Gold Fields Mining last October. A hearing has been launched in Thunder Bay, Ont., to investigate the validity of Gol…
News
Cyprus Minerals writes down assets
Earnings of US$111 million, or US$2.38 per share, were reported by Cyprus Minerals (NYSE) on revenues of US$1.9 billion for 1990. This compares with 1989 restated earnings of US$164.9 million on reven…
Mining firms seen growing into integrated producer/processor
You are entering an industry notable for the challenges that face it. You know that we have to produce commodities for sale on international commodity markets at price levels that largely reflect the …
Arizona produces $3-billion worth of minerals
Recently released by the Department of Mines and Mineral Resources, Directory of Active Mines in Arizona — 1991 lists 55 companies, 94 mines and 123 sand-gravel operations. Arizona, the leading nonfu…
INSIDE Manitoba miner
A significant Canadian producer of copper and zinc, Hudson Bay Mining and Smelting has added nickel to its metals inventory. The Manitoba miner, which also produces precious metals in byproduct form, …
INSIDE Gold trends
Trends covering gold’s basic supply and demand appear to be positive for the metal’s price in the longer term. The boom in the yellow metal in the 1980s, marked by increases in reserves and production…
INSIDE Noranda bets
Ever on the lookout for new discoveries, the mineral exploration division of Canadian resources giant Noranda has taken on more than 20 grassroots projects in the United States across the northern Mid…
Sphinx lists for trading on VSE
Quebec-based junior Societe Miniere Sphinx (ME) was recently listed for trading on the Vancouver Stock Exchange (symbol SYX.A). The company, with about 17.9 million shares outstanding, records interes…
Growing gold supply a serius concern for investors
Where is gold going? How do you weigh the factors in your forecast? Before trying to forecast future events, it is often beneficial to look at the past. In the 1980s, gold demonstrated its volatile na…
Teck bottom line reflects opportunities of the ’80’s
The turbulent economic times of the 1980s may have undermined the constitution of some Canadian major mining companies, but this wasn’t the case for Teck (TSE) which instead experienced a pivotal deca…
INSIDE Papua output
A major factor in the near- term growth of international gold producer Placer Dome is an interest in two large mines, Porgera and Misima, in Papua New Guinea. Total production at Porgera is expected t…
INSIDE Stormy days
Turbulence is forecast for the nickel market this year but for the rest of the decade, demand should help sustain a healthy price. It was in 1988 that the nickel price went wild, topping US$10 per lb….