Gold for $88 an oz. at David Bell mine
Low production costs of $88 per oz. at the David Bell mine and $198 at the Williams mine, both in the Hemlo camp of northern Ontario, helped Teck (TSE) maintain first-quarter earnings of more than $20…
News
Kenora Gold deal
Toronto-based Kenora Gold Occurrences (ASE) has signed a memorandum of agreement to acquire a 49% interest in the 2-claim MWF gold prospect in Matheson Twp., Ont. The deal was made recently with prosp…
Oversupply continues to dampen revenues for Canada Tungsten
High volumes of exports from Chinese tungsten producers are continuing to depress tungsten prices, keeping Canada Tungsten’s (TSE) earnings on a downward spiral. The company suffered a net loss of $2 …
U.S.Report FMC seeking to buy 100% interest in Meridian Gold
Chicago- based FMC Gold (NYSE) has moved to acquire 100% of Meridian Gold, a unit of Burlington Resources which controls the Royal Mountain King gold mine in California and the advanced Beartrack gold…
Pine Point earnings fall in first quarter
Lower zinc prices in the first quarter of 1990 resulted in a 38% earnings drop for Pine Point Mines (TSE). Net earnings for the quarter totalled $14 million ($3.02 per share), compared with $22.5 mill…
MinVen finds potential for new structure at Blackdome
Preliminary results from a recent drill program at the Blackdome gold mine near Clinton, B.C., has owner MinVen Gold (TSE) optimistic it may have discovered a new high-grade oreshoot. The encouraging …
Pend Orielle zinc project likely to enter production
Based on a recent feasibility study, the directors of RFC Resource Finance (TSE) have recommended that the Pend Oreille zinc- lead project in Washington State be put into production. The company also …
PRODUCER PRICES (May 07, 1990)
ALUMINUM: MW U.S. Market US72.75- 4.75 per lb. (Apr. 26, 1990). ANTIMONY: New York dealer US82-84 per lb. (Apr. 19, 1990). BISMUTH: New York dealer US$4.25-4.35 per lb. (Apr. 26, 1990). CADMIUM: New Y…
Minerals strong for Noranda as profit slips in 1st quarter
The minerals sector of Noranda (TSE), which slipped to third place in 1989 in terms of earnings among the company’s operating divisions, was riding high again during the first quarter of 1990. Operati…
P.T. Inco sale going as planned, says Phillips
The sale of 20% of P.T. International Nickel Indonesia is proceeding on schedule, Inco (TSE) Chairman Donald Phillips told a group of mining analysts in New York. As a result of the sale, Inco should …
Windy Mountain outlines `huge’ porphyry copper deposit
A preliminary reserve estimate of more than 30 million tons grading 0.48% copper marks the end of a successful 35-hole grassroots drilling program on Windy Mountain Explorations’ (COATS) MacLeod Lake …
U.S. Report Half-owner of Stillwater mine, Manville’s earnings dip
Denver-based Manville (NYSE), half-owner of the Stillwater platinum mine in southwestern Montana, took a 9% drop in first- quarter revenue from US$72.1 million in 1989 to US$65.5 million in 1990. The …