Westfield reaps profit from investments
Investments were the primary source of income for Westfield Minerals (TSE) in the first half of 1990. Westfield reported earnings of $832,000 (5 cents per share) for the six months ended June 30, comp…
News
VSM-Serem confirm new lens at Grevet
The latest drill results from the Grevet zinc project owned by Serem and VSM Exploration (ME) in northern Quebec have confirmed the recently discovered 97-zone is more than just a one-hole wonder. Alt…
Thermal evaluates potential of copper deposit in Yukon
Equal partners Thermal Exploration (ASE) and Western Copper Holdings, an affiliate of Teck (TSE), are moving closer to a production decision at their Williams Creek copper deposit in the Yukon. The Wi…
PRODUCER PRICES (September 17, 1990)
ALUMINUM: MW U.S. Market US81.00- 83.00 cents per lb. (Aug. 30, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.00 per lb. (Aug. 30, 1990). C…
CORRECTION (September 17, 1990)
An earlier story (T.N.M., Sept. 3/90) on Inco’s (TSE) purchase of a 6% stake in Explaura Holdings (COATS) used incorrect currency symbols. Inco purchased four million shares of Explaura at 40 pence pe…
Kemess drilling cuts wide intersects
Recent drilling on the South Kemess project in the Toodoggone region of north- central British Columbia has returned wide intercepts of copper- gold mineralization. El Condor Resources (VSE) and a uni…
Insider Trading Ewanchuk profits from Corona deal
Henry Ewanchuk, a former senior executive with the Toronto- based Corona (TSE) group, recently made a substantial profit after exercising an option to purchase shares of the company at a discount to t…
New Silidor mine achieves planned production rate
Five months after entering production, the Silidor gold mine lying just outside of this city has reached its planned production capacity of 33,000 tonnes per month. The mining operation, officially op…
Aur keeps 55% of Louvicourt, Noranda to get smelter feed
The four participants in the Louvicourt Twp. base metal discovery emerged recently with a deal that removes all of the litigation surrounding the deposit, while guaranteeing Noranda’s (TSE) right to t…
Noranda Trelleborg refinance takeover of Falconbridge
Toronto-based Noranda Inc. (TSE) and Swedish mining conglomerate Trelleborg A.B. recently announced a $2-billion refinancing of their investment in Falconbridge Ltd. Noranda and Trelleborg, which each…
EDITORIAL PAGE Ontario won’t benefit from NDP win
As one pundit put it the day after Ontario elected an NDP majority government: “It can’t mean any good for mining.” That seems to sum it up. We would be delighted if proved wrong, but the election of …
Drilling increases Hushamu potential
Recent drilling on the Expo Property on northern Vancouver Island has Moraga Resources (VSE) optimistic that the ultimate size of the Hushamu deposit could be in the order of 300 million tons. Moraga …