Finland invites papers
Kaivos ’91, to be held in Helsinki, Finland, invites papers that study examples of “tomorrow’s mine and plant practice” and show “how to cut costs, improve productivity and increase safety.” The sympo…
News
Business Bureau warns of offshore investment scams
North American investors swept up in the new overseas investment craze would do well to temper their euphoria with the utmost caution, since a new breed of con artists is cashing in on the rush to glo…
Echo Bay’s production costs overshadow higher revenues
Following a disastrous first quarter, Echo Bay Mines (TSE) may be on the verge of a turnaround. For the three months ended June 30, the gold producer reported earnings of US$778,000, or 1 cents per sh…
U.S. REPORT Glamis takes option to buy Echo Bay’s Randsburg play
Rand Mining, an operating subsidiary of Glamis Gold Mines (TSE), recently acquired all of the Randsburg, Calif., properties owned by Echo Bay Mines (TSE). The 5,600-acre land package includes the Balt…
Toronto Stock Exchange Indices (August 20, 1990)
Aug. 14 Aug. 13 Aug. 10 Aug. 9 Aug. 8 HIGH LOW Composite “300” 3497.52 3478.50 3476.61 3476.91 3476.04 4009.47 3334.13 Metals & Minerals3180.75 3177.39 3197.77 3232.36 3226.85 3453.06 2850.84 Integrat…
Vior gets another good intersection
A single high-grade drill intersection of 30.7 ft. grading 0.69 oz. gold per ton has been reported by Inco (TSE) and its two partners from the Douay joint venture, eight miles northeast of Joutel, Que…
Gulf crisis brings volatility back to gold prices
The gold price is proving to be extremely volatile as investors react quickly to political manoeuvering in the Middle East. In recent days, gold soared to US$415.50 as the likelihood of armed conflict…
Glimmer drill program ends on a high note
Drilling on Glimmer Resources’ (VSE) Beatty-Hislop property near Matheson, Ont., Noranda (TSE) has discovered another mineralized zone, almost 300 ft. east of any previously known mineralization. Two …
Hecla seizes majority position in Acadia
Through a recent share transaction, U.S.-based Hecla Mining (NYSE) has gained a majority interest in Acadia Mineral Ventures (TSE). Hecla now holds 52.5% of Acadia’s common stock and its chairman, Art…
Drilling on Bema’s Chile bet drive issue up to $4.40 high
Shares of Bema Gold (TSE) reached a new high recently after results from the company’s optioned Refugio gold property in Chile showed that reserves in the Verde deposit may be considerably larger than…
Dome mine plan for Timmins
A new long-term mining plan has been completed by Placer Dome (TSE) for the company’s high-cost Dome gold mine at Timmins, Ont., where 587 unionized Steelworkers have been on strike since May 7. The p…
Star drilling a disappointment
The first phase of drilling on the Star property in southeastern British Columbia has been completed. Barkhor Resources (VSE) is earning a 50% interest in the property from Kokanee Resources (VSE) in …