Inco Gold profit picture revealed
In the first nine months of the year, Inco Gold, a unit of Inco (TSE), showed a profit of US$6.6 million, compared to a loss of $3.7 million in the year-earlier period. The significantly improved prof…
News
Pezim vows to fight B.C. trading ban
Murray Pezim is back in Vancouver preparing to 0000,0509 appeal a decision by the British Columbia Securities Commission to ban him from trading on the Vancouver Stock Exchange for a 1-year period. Th…
Labelling scrap `hazardous’ could cut smelter feed
Proposed legislation governing cross-border shipments of hazardous waste threatens to put the recycling divisions of some of Canada’s biggest mining companies out of business. The mining industry says…
BOOKS IN REVIEW Handy guide to essential data
Observations on Canada’s mining industry are enhanced with credible, reliable data on the quantity and value of minerals produced. The 1990 edition of the annual Mining in Canada: Facts & Figures prov…
PRODUCER PRICES (December 24, 1990)
ALUMINUM: MW U.S. Market US69.25- 71.25 per lb. (Dec. 6, 1990). ANTIMONY: New York dealer US78-80 per lb. (Nov. 29, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CADMIUM: New Y…
Grizzly Creek finds gold in Philippines
The first results from a 990-ft. drill program on Grizzly Creek Resources’ (VSE) Capas gold property in the Philippines indicate the presence of a low-grade gold zone lying just below the surface. Two…
INSIDER TRADING Royal Oak’s Witte holds three million
Royal Oak Resources (TSE) President Margaret Witte is strongly positioned to benefit from cost- cutting measures at the Pamour Group of companies, acquired recently by Royal Oak. Figures released by t…
Timmins nickel has good quarter
Record production from Timmins Nickel’s (TSE) 51% owned Redstone nickel mine near Timmins, Ont., added up to a profitable second quarter for the Toronto- based company. Timmins Nickel reported net inc…
Mimiska copper find
A new nickel-copper-platinum showing has been discovered by Societe Miniere Mimiska (ME) on its recently optioned Contact Bay property near Dryden, Ont. Mimiska can earn a 100% interest in the claims …
Developing U.S gold projects show marked decline in 1990
The number of gold projects at the preproduction stage in the U.S. has declined by 67% over the past year, according to Potential New U.S. Gold Production, a study by Halifax-based Metal Economics Gro…
Westmin reviewing viability of Premier
Persistent losses at the Premier Gold gold- silver mine near Stewart, B.C., have 60% owner Westmin Resources (TSE) reviewing the project’s future. The company is reviewing its ore reserves once again,…
FUTURES PRICES (December 24, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 113.10 111.80 111.90 + 2.20 Jan 112.50 111.00 111.20 + 1.70 Feb 111.20 110.40 111.10 + 1.80 SILVER (in US cen…