Porphyry Potential
It’s a good bet armchair critics this year will scrutinize Placer Dome’s Mt. Milligan project, north of Prince George, B.C. It is the country’s biggest potential gold/copper producer, ranking in size …
News
New Mucking Machine Announced by EIMCO
MUCKING MADE EASIER Eimco Corp. of Salt Lake City, Utah, has developed a mucking machine, the “Tunneloader,” which is not only much larger and more powerful than any of its present models, but also em…
On the Move (February 01, 1991)
Viola MacMillan is among nine new inductees to the Canadian Mining Hall of Fame. MacMillan, 88, was renowned as a mine-finder and financier and was instrumental in transforming the Prospectors & Devel…
GOLD FUNDS (January 28, 1991)
BGR Central Net value $9.29 $5.33 Price $7.88 $5.000 Discount 15.18% 6.2% Value $55,332,299 $84,121,500…
Inland mining at Toiyabe
After a brief winter shutdown, Inland Gold and Silver (NASDAQ) started mining operations at its Toiyabe project in central Nevada. The modest-sized heap leach operation is expected to produce about 6,…
PEOPLE CORONET METALS (January 28, 1991)
Leslie Hart appointed chairman and director; Eva Kossuth appointed director.
EDITORIAL PAGE The wasted potential of COATS
The transfer of authority for Ontario’s over-the-counter securities market from the Ontario Securities Commission to The Toronto Stock Exchange dooms unlisted stocks in the province to a feeble market…
Lawsuit against Goldcorp dismissed
A legal action commenced in 1989 in the Massachusetts district court against Toronto-based Goldcorp Investments (TSE) was recently dismissed by the presiding judge for the case. A spokesman for Goldco…
Cominco discovers large copper-gold porphyry in Alaska
Just when it seemed junior companies were stealing the limelight in making discoveries, a unit of Cominco (TSE) announced it had discovered a porphyry-style copper-gold deposit at its Pebble Beach pro…
NEWS IN BRIEF Stratabound Minerals
The Caparo Group of London, England, has increased its stake in Stratabound Minerals (ASE) to 698,167 shares or about 19.4% of the latter company’s outstanding shares. Caparo, a private United Kingdom…
U.S. REPORT Kennecott gets OK for Wisconsin mine
The Flambeau copper deposit in Rusk Cty., Wis., has finally been granted the production go-ahead by Wisconsin’s Department of Natural Resources. Flambeau Mining, a unit of Kennecott, hopes to be shipp…
Lower prices hurt Curragh earnings
Net earnings of $32 million for 1990 were reported by Curragh Resources (TSE), compared with a profit of $60.7 million for the previous year. The company said sales of lead and zinc concentrates incre…