News

USMX Inc. (NASDAQ) of Lakewood, Colo., reports a net loss for the 3-month period ended Sept 30 of $252,000(US) or 2 per share on revenue of $1.81 million. For the same period a year earlier the compa…

There appears to be a tendency for success in mine-finding to attract lawsuits. The lawsuits are advanced by lawyers on behalf of their clients, and sometimes it is the ingenuity of counsel that has e…

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Dec 162.00 155.05 156.75 — 2.15 Jan 153.90 149.00 15…

Japan is rivalling Taiwan as an importer of gold. According to news reports, Japan imported about 280 tons of gold in 1988, an increase of 40 tons from the previous year. Taiwan, which has been an avi…

I agree with most of your editorial “Keep it Simple” (October issue) on (ore) reserves. However, “mineral inventory,” an established term also variously known here and elsewhere as “geological ore res…

Following the successful completion of a financing, NovaGold Resources (TSE) plans to begin construction at its Murray Brook project on March 1, 1989, President Gerald McConnell says. The final part o…

The life of off-highway tires has Tquadrupled in the space of a few Tdecades. Science and technology involving chemistry, mathematics, physics, mechanics and electronics have brought tires a long way…

Newfoundland’s historic Baie Verte peninsula, site of that province’s earliest copper and gold mines, has once again become the focus of an intensive search for base and precious metals. Over a centur…

Although the markets ended the year with a whimper, most will agree that the year was anything but dull. Today’s 2.28-pt loss to close at 3359.31 pts capped the first post-October 1987 year — one whi…

With its Golden Pond mine in Quebec’s Casa Berardi area almost producing at capacity, 1989 should be a good year for Golden Knight Resources (TSE). At the company’s annual meeting in Vancouver recentl…

Another lengthy gold intercept has been returned from the Eskay Creek project of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) in northern British Columbia. A 10-hole, second phase exp…

By mid-1989, Viceroy Resource Corp. (TSE) expects to receive the final permits to begin construction of a 8,000- ton-per-day heap leach operation on its 100%-owned Castle Mountain property in San Bern…