Nevada flexes regulatory muscle with hefty fine
Echo Bay Mines (TSE) was recently forced to pay one of the stiffest fines ever levied against a mining company in the State of Nevada. After more than 1,000 birds were killed while drinking from the t…
News
Montreal Exchange Agnico reports find
News of a gold discovery near the producing Eagle/Telbel mining project of Agnico-Eagle Mines in the Joutel, Que., area helped shares of the company to jump by $1.25 to $7. The company traded 263,400 …
Siam to mine kaolin deposit in Thailand
Calgary-based Siam Trading (ASE) has signed a joint venture agreement to develop and mine a kaolin deposit situated about 150 km east of Bangkok, Thailand. The company has obtained a 10% working inter…
Spot prices at a glance (November 19, 1990)
Week’s Price (US) Change Gold* $383.45 — $0.05 Silver* $4.20 — $0.03 Platinum* $416.60 — $5.65 Nickel** $4.03 — $0.01 Lead** $0.33 Copper- $1.18 — $0.02 Zinc– $0.58 Courtesy of Scotiabank. Infor…
Output up, losses down at Hope Brook
Record high gold output of 34,571 oz. helped to stem the flow of red ink at Hope Brook Gold’s (TSE) underground gold mine in Newfoundland for the three months ended Sept. 30. But, the company blamed h…
Princeton expects new estimate of minable reserves by year-end
With the recent completion of a third phase exploratory drilling program, Princeton Mining (TSE) expects to have an updated minable reserve in hand by year end for its Similco copper mine project near…
Cusac encouraged by drill results
A drill program operated by Total Energold (TSE) at the Cassiar gold project in northern British Columbia is returning encouraging results for Total and partner, Cusac Industries (TSE). Total is drill…
PRODUCER PRICES (November 19, 1990)
ALUMINUM: MW U.S. Market US72.50- 76.50 cents per lb. (Nov. 8, 1990). ANTIMONY: New York dealer US80-83 cents per lb. (Sep. 6, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CAD…
U.S. REPORT Rothschild Gold opens in Denver
Rothschild Gold, a wholly owned subsidiary of N M Rothschild & Sons, a U.K-based bank, has opened an office in Denver, Colo. The Denver operation, acting as a centre for all the Rothschild Group’s pre…
Nebex assay results
Assay results from reconnaissance prospecting and sampling on Nebex Resources’ (ASE) Mos claims in the Yellowknife area of the Northwest Territories have yielded values of 0.04-4.3 oz. gold per ton. T…
Placer Dome’s earnings benefit from sale of Canadian oil and gas
The sale of Canadian oil and gas assets gave Placer Dome (TSE) a large boost to its 1990 third-quarter and 9-month earnings. The major company received $288.5 million from the sale of its oil and gas …
Aurora to drill Best Chance
A 4-hole reverse circulation drill program is planned for the Best Chance copper property by junior Aurora Gold (VSE). Aurora has the right to earn a 100% interest in the Yukon property from Hudson Ba…