Commodity price index in 3-month decline
The all-commodity price index of Scotiabank fell by 1.3% in April, the third straight monthly decline. A sharp drop in industrial metal prices contributed to the fall. Economist Patricia Mohr writes t…
News
Crofoot mine production boosts Granges earnings
Granges Exploration (TSE) reported net income of $655,000 in the first quarter, compared to a $250,000 loss for the same period a year earlier. The latest results included gold production from the com…
New study planned on state mining taxes
A new study is planned to look at the impact of state taxes on the mining industry. “State tax structure is an important factor in determining whether or not a mine project is economically attractive,…
Editorial Passing grades for environmental policy
The Mining Association of Canada gets a B for its new environmental policy unveiled at the association’s recent annual meeting in Ottawa. It gets good marks for effort, but somewhat less for content. …
Zinc Boosts Conwest’s earnings
Conwest Exploration (TSE) is dealing in a new commodity, president and chief executive officer John Lamacraft told shareholders at the annual meeting. “It’s called zoil, that’s zinc and oil, and it’s …
Dome Mountain back on track to production
Stalled for years by disputes, arbitrations, and lawsuits, the Dome Mountain gold project near Smithers, B.C., is back on track under the terms of a new joint venture agreement involving Teeshin Resou…
Scam artists peddle Barrick warrants
Police in Vancouver are attempting to locate a number of persons involved in a fraudulent scheme designed to hook U.S. shareholders of American Barrick Resources (TSE) into buying warrants at bargain …
Spot prices at a glance (June 05, 1989)
Price Week’s ($US) Change($) Gold* 363.50 + 1.00 Silver* 5.22 + 0.05 Platinum* 501.25 +15.00 Nickel** 5.85 + 0.25 Lead** 0.29 — 0.01 Copper 1.18 + …
Newfoundland mining show draws a crowd
Newfoundland’s first mining and mineral exploration show successfully drew a large crowd of exhibitors and mining industry delegates here recently. The exhibition, called Mineralex 89, brought togethe…
North American Rare Metals 4 cents **
North American Rare Metals (ME) reported a net loss of $52,970 or 0.4 cents per share for the 6-month period ended Feb 28. In the same period last year the company reported a net loss of $108,544 or 1…
Placer Dome yet to prove that Lassie such a steal
A longtime shareholder of Lassie Red Lake Gold Mines (COATS) says that Placer Dome (TSE) got a bargain when it paid $225,000 to gain control of the Toronto company. Lassie Red Lake, whose sole asset i…
Callahan loss $1.2 million
Attributing the loss to lower revenues from the Galena silver mine in Idaho, ongoing problems at the Ropes gold mine in Michigan, and high exploration expenditures, Callahan Mining (NYSE) reported a l…