Silver Butte on schedule
Development of the Silver Butte polymetallic mine in Douglas Cty., Ore., is reported to be on schedule for startup by the end of the year. Owned by Formosa Resources (VSE), the Silver Butte project is…
News
Gold-Platinum price gap narrows as economy heads for recession
The gold price and the platinum price are beginning to move in opposite directions as fears of a world recession take hold. Although prices for both metals rose in initial reaction to Iraq’s invasion …
VSM confirms depth extensions of Grevet zone, joins TSE
Newly listed on The Toronto Stock Exchange, Montreal-based VSM Exploration (TSE) continues to intersect high-grade zinc mineralization at the Grevet project, about 40 km northeast of Quevillon, Que. T…
Ontario salutes mining industry’s role sustaining standard of
With a salute to Ontario’s mining industry Andy Rickaby, Chairman of the Ontario Mining Association officially opened the province’s first Mining Week Oct. 16. Referring to a huge jumbo rig on display…
Westmin signs Tenajon agreement to develop SB
It has taken longer than expected, but Westmin Mines (TSE) and Tenajon Resources (TSE) recently announced the closing of a joint venture agreement for ongoing development of Tenajon’s SB gold property…
Sale of Poco holdings to provide Corona with funds for Eskay Creek
Selling off its Canadian oil and gas interests will allow Corona (TSE) to place more emphasis on its gold-mining activities and help the company to reduce its debt. President Peter Steen, meeting in T…
Big hole near Eskay for Silver Butte, American Fibre
Overshadowed by activities on the neighboring Eskay Creek property, joint venture partners Silver Butte Resources (VSE) and American Fibre (VSE) have quietly drilled some 20 holes totalling 10,135 ft….
Mahogany merger considered fair
A valuation report and fairness opinion of the proposed amalgamation of Vancouver companies International Mahogany (TSE), Goldsil Resources (TSE) and Magellan Resources (VSE) was completed recently. U…
Curragh completes US$130-m. issue
A US$130 million bond issue arranged by Curragh Resources (TSE) to offset debts associated with various projects, including the purchase of a 20% stake in a Spanish smelter, was completed recently. Th…
METAL PRICES PRODUCER PRICES (October 22, 1990)
ALUMINUM: MW U.S. Market US84-86 cents per lb. (Oct. 11, 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). CADMIUM: …
Miners form council to protect environment
Major companies involved in mining and metallurgy met recently in London, England, to initiate the formation of an international council on metals and the environment. The purpose is to promote enviro…
Adonos options Chilean property
An option agreement has been signed by Adonos Resources (VSE) with a Chilean company whereby Adonos may earn a 50% interest in a rutile-gold-copper property in the northern part of the South American …