Lower output, grade hit Sonora earnings
Lower production and higher costs relating to Sonora Gold’s (TSE) 70% owned Jamestown mine in California have forced the company to consider a financial restructuring. A 42% owned affiliate of Northga…
News
Lencourt fails to buy Zairean mining outfit
Toronto-based Lencourt (TSE) has failed to raise the $5 million needed to purchase a 72% stake in Zairean mining company Sominki and its Belgian subsidiary Cogemin S.A. Lencourt said due diligence stu…
INSIDER TRADING Cottrell profits by Gldn. Knight option
Golden Knight Resources’ (TSE) director Raymond Cottrell recently earned a substantial profit after exercising an option to purchase 5,000 shares for $8.75 each. According to the Ontario Securities Co…
Black Hawk buying Minago NSR royalty
Toronto-based Black Hawk Mining (TSE) says it has agreed to purchase the remaining 1.5% net smelter return royalty on its Minago nickel property for $160,000. The property, 140 miles south of Thompson…
Campbell benefits from Joe Mann gold
Higher gold output from the Joe Mann mine at Chibougamau, Que., allowed Campbell Resources (TSE) to remain in the black during the first nine months of this year. The 27% owned Northgate Exploration (…
IOCC GOLD OPTIONS (November 26, 1990)
Options Open Series Volume Last Interest Feb. 370 C 210 22.50 305 Feb. 380 C 237 17.50 761 Feb. 400 C 163 7.70 1,119 Feb. 410 C 252 5.50 1,844 Feb. 420 C 321 4.00 1,916 Feb. 430 C 140 3.00 569 Feb. 46…
B.C. mining week
British Columbia will hold its third annual mining week during the last week of February in Vancouver’s Pan-Pacific Hotel. Events include a careers fair, an award luncheon, a mine safety banquet and t…
Malartic cuts good holes at Orion mine
Toronto-based Malartic Hygrade Gold Mines (VSE) says better than expected drill results have been encountered during recent delineation drilling on its 60% owned Orion property near Val d’Or, Que. The…
EDITORIAL Exploration gets cut first
Near the bottom of every business cycle major mining companies suddenly realize they’re going to lose money unless metal prices go up or operating costs go down. They can’t control metal prices, but t…
Goldteck drills Chile placer bet
A drilling program is under way on Goldteck Mines’ (TSE) placer concessions in southern Chile where two rigs have completed 50 holes in this year’s US$250,000 program. Goldteck says its initial effort…
Greenstone, Boliden drilling Panama bet
A 128,000-ft. drilling program has started on the Santa Rosa gold property of Greenstone Resources (TSE) and Boliden International in central Panama. The joint venture is held 51% by Boliden and 49% b…
Stratmin, Cal Graphite first of new graphite producers
With limited production to its name and a sporadic history over 150 years, Canadian graphite is at last finding its feet. All the new production capacity is based in the Grenville geological province …