Noranda drills Todd Creek
A first phase 10-hole drill program was recently completed on the Todd Creek property, 28 miles northeast of Stewart, B.C. Goldnev Resources (VSE) has a 50% interest in the project, held under the ter…
News
Investors ponder implications of judge’s Aur/:Louvem decision
Dozens of brokers and mining investors were forced to play an unexpected waiting game recently while a Quebec judge considered a request by Noranda (TSE) for a temporary injunction to prevent St. Gene…
Giant Yellowknife earnings slip
Consolidated earnings of $198,000 (2 cents per share) for the first half of the year were reported by Giant Yellowknife Mines (TSE), compared with $544,000 (6 cents per share) for the same six months …
EDITORIAL PAGE Desperate measures
It is sad to watch one of the country’s great mines, now fallen on hard times, become the battleground for a bitter labor dispute that threatens to prove tragic. The Dome gold mine in South Porcupine …
FUTURES PRICES (August 20, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug — — 134.00 + 6.50 Sept — — 132.85 + 5.55 Oct — — 129.85 + 4.40 SILVER (in US cents per oz.) Aug — — 5…
Cambior reports earnings of $6.9 million as output increases,
Net earnings of $6.9 million (22 cents per share) on revenue of $39.2 million were recorded by Cambior (TSE) for the second quarter, compared with $5.2 million (22 cents per share) on revenue of $30.2…
Agnico breaks out red ink despite production increase
The recent merger with Dumagami Mines may have boosted Agnico-Eagle Mines’ (TSE) second quarter gold output but the Toronto-based company is still operating in the red. Agnico-Eagle reported a net los…
U.S.REPORT Brush Creek reports discovery
Keewatin Engineering was recently retained by Brush Creek Mining and Development (NASDAQ) to assist in evaluating a high-grade gold discovery made on a former producer in California’s famed Motherlode…
Barrick set to raise $122.5 million
American Barrick Resources (TSE) recently filed a preliminary prospectus for a $122.5-million public offering designed to enable the Toronto company to pay down debt and finance exploration and develo…
Princeton surveys potential for Similco reserve expansion
When a predecessor company to Princeton Mining (TSE) acquired the Similco open pit copper mine near this picturesque community in June, 1988, it was with a view to provide a much- needed diversificati…
Correction Tonto
The employer of project superintendent Ron Koebel, who is stationed at the Eskay Creek gold project in northern British Columbia, was incorrectly identified (T.N.M., Aug. 6/90). Koebel works for Tonto…
NEWS IN BRIEF Paget Resources Ltd.
Paget Resources Ltd. (PAG: VSE) has changed its name to Peltech Industries Inc. with no consolidation of capital. Transfer agent is Pacific Corporate Services.006…