The New Quebec Raglan project, Falconbridge’s perennial mine of tomorrow, is inching closer to a production decision. Recently, a freighter successfully navigated the winter ice and docked at an aband…
Week’s Price (US) Change Gold* $357.10 — $ 7.10 Silver* $ 3.90 — $ 0.14 Platinum* $390.00 — $11.45 Nickel** $ 4.05 + $ 0.07 Lead** $ 0.27 $ 0.00 Copper{ $ 1.09 + $ 0.01 Zinc{{ $ 0.54 + $ 0.00 Court…
A $1 million exploration program funded by Digger Resources (VSE) and equal partner BP Resources Canada (TSE) is under way at the Chuchi Lake copper-gold project in north-central British Columbia. The…
Underground drilling at the Samatosum mine has intersected high-grade mineralization 10 metres below the known extent of reserves. The Samatosum mine, near Kamloops, B.C., is a 70-30 joint venture bet…
While the value of shares traded on the Toronto Stock Exchange was down 23.5% in 1990 from 1989 levels, the exchange remains second only to the New York exchange in North America. In 1990, $64 billion…
There was a hint of anxiety in the air at this year’s annual Prospectors and Developers Association of Canada (PDAC) convention in Toronto, as representatives of the mining community pondered a rocky …
Vladimir Mackiw, retired executive vice-president of Sherritt Gordon, was recently honored by the American Institute of Mining, Metallurgical and Petroleum Engineers (AIME) at its annual banquet. Mack…
Higher costs and lower revenues brought about a sizable drop in earnings for Princeton Mining (TSE) in 1990 over the previous year. Princeton reported earnings of $10.8 million for 1990, a significant…
Forbex Mining (ME) has reached an agreement with Bonanza Metals (ASE) to acquire the latter company’s 50% interest in the past-producing Poirier base metal property in northwestern Quebec. The deal ca…
Despite writing down its investment in North American Metals (TSE) by US$32.2 million last year, Homestake Mining (NYSE) recently provided the company about $2.3 million in additional financing. North…
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) Mar 107.85 107.10 107.40 – 3.70 Apr 106.50 106.00 106.80 – 2.45 May 106.20 105.20 105.95 – 2.30 SILVER (in US cen…
A letter of understanding has been signed by Pegasus Gold (TSE) and Fischer-Watt Gold (NASDAQ) allowing Pegasus to earn a 77% interest in the Emigrant Gulch prospect in Park Cty., Mont. To earn the in…
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