Ennex set to study Scottish gold bet
Northgate Exploration’s (TSE) 33% owned affiliate Ennex International is moving one step closer to bringing Scotland’s first gold mine into production by 1991. Dublin-based Ennex says it has commissio…
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De Beers changing corporate structure
Major diamond dealer De Beers of South Africa is restructuring so as to separate its domestic and foreign activities. The old De Beers will handle the South African business while a new Swiss company,…
Bridger achieves production at Chilean mine
Initial production has been achieved at the Pepa gold mine in the Maricunga district of Chile. The mine is operated by Compania Minera Horus Limitada, a 65% owned subsidiary of Bridger Resources (VSE)…
High Frontier acquires Utah gold project
A mineral prospect in Utah reported to have potential for a “Carlin-type” gold deposit has attracted the interest of High Frontier Resources (VSE). The junior recently acquired the Washington Dome pro…
Amax earnings down but still strong
While a shift in emphasis to aluminum from molybdenum production continues to pay off for New York-based resource giant Amax (TSE), the company’s earnings were down from last year’s record levels. Ama…
Tight global supplies send price of lead spiralling in London
The spot price of lead on the London Metal Exchange (LME) recently surged to US55 cents per lb. in response to tight metal supplies around the world. Production disruptions and low stocks on the LME h…
Redfern, Cumberland drilling disappoints
A $300,000 exploration program funded by Redfern Resources (TSE) and Cumberland Resources (VSE) returned only low grade zinc and copper values from the Prairie River-Marlhill property near Terrace Bay…
Tenajon, Westmin reach new agreement
The postponed agreement between Westmin Resources (TSE) and Tenajon Resources (TSE) for developing the SB gold-silver property near Stewart, B.C., is back on track. The two companies recently announce…
Black Swan edges in the black
Earnings for Black Swan Gold Mines (VSE) for the nine months ended Dec. 31 amounted to $7,000 on revenues of $3.4 million. No figures were given for the comparable period in the previous year. The 9-m…
Hazards facing explorationists include animal attacks, avalanches
There are few, if any, occupations that expose individuals to such a variety of hazards as mineral exploration does. Several characteristics of the exploration sector in Western Canada are probably un…
Vancouver Stock Exchange Calpine, Stikine, Prime active players
During the week ended March 20 the fortunes of the U.S. dollar continued to dominate the gold market as international investors flock into the currency. The U.S. dollar rose over 100 basis points to c…
Shutting down silver operations contributes to Agnico’s ’89 loss
Toronto-based Agnico-Eagle Mines (TSE) was forced last year to count the cost of shutting down its silver mining operations in Cobalt, Ont. After swallowing a fourth-quarter writedown of $17.7 million…