U.S. native group welcomes mining
In a move to develop tribal mineral resources, the Confederated Tribes of the Colville Reservation in Washington State are offering interested parties a preliminary data base of mineral inventory acti…
News
Belmoral facing another trial over 1980 cave-in
The Supreme Court of Canada has upheld a decision by the Quebec Court of Appeal ordering a new trial in connection with a cave-in nine years ago at the Ferderber mine of Belmoral Mines (TSE) near Val …
Editorial Re-defining `Accident’
Two years ago, Brunswick Mining & Smelting paid out $408,000 to its employees who missed time from work because of back-related injuries. More than 2,000 man-days were lost. Last year, that amount was…
March metal prices, commodity index decline
A decline in metal prices in March was partly to blame for the 0.8% drop in Scotiabank’s all-commodity price index during the month. It is the second consecutive monthly decline. Bank economist Patric…
Candol update
After spending $2.4 million last year to explore several newly acquired mineral prospects, Candol Developments (TSE) says its Bullion Pit placer property near Williams, B.C., could be ready for produc…
Can-Mac official fined for trading violations
Fredrick Semkowich, the secretary-treasurer and major shareholder of Can-Mac Explorations (VSE) pleaded guilty to one count of trading in securities during distribution while without a receipt for a p…
Homestake earnings battered by higher costs
Higher production costs and lower gold prices have hurt the first-quarter earnings of Homestake Mining (NYSE) for 1989. The company saw its net income decline to $7.1 million(US), or 7 cents a share,…
Canyon Resources sees improved earnings in 1989
Production from the new Kendall gold mine near Lewistown, Mont., is expected to improve the financial bottom line of Canyon Resources (NASDAQ) this year. The Colorado-based company reported a net loss…
Colby resumes work on Scottish gold bet
Exploration work has resumed on Colby Resources’ (VSE) gold- silver project in Loch Tay, Scotland, where a gold discovery was made last year. Colby has a 50% interest in a gold-silver prospecting lice…
Results confirming zinc deposit: VSM
Drilling results confirm the growing significance of the zinc deposit hosted in two horizons at the Grevet M property in the Matagami area of northwestern Quebec, VSM Exploration (ME) reports. The com…
Oneida’s Mexican Hat bet optioned by Placer Dome
The American subsidiary of Placer Dome Inc. (TSE) has acquired an option on Oneida Resources’ (VSE) Mexican Hat gold property in Arizona. Placer has the right to earn a 60% interest by buying 400,000 …
Feasibility for Donalda
The Donalda gold project near Rouyn-Noranda, Que., is to undergo a feasibility study this year following completion in August of an underground exploration program, including a mill test on a 28,000-t…