Audrey drilling new discovery
The first phase of an underground drilling program on the C lens, discovered near the 1100 lens at the Mobrun polymetallic mine near Rouyn-Noranda, Que., has been completed, Audrey Resources (TSE) rep…
News
Quintette cuts workforce
As a result of a cost reduction program at the Quintette mine, the company has permanently dispensed with 63 salaried positions and eight hourly positions. The program also includes a temporary layoff…
Court puts Aur, Louvem to square one
Having won more time to consider all of their options relating to the Louvicourt Twp. base metal discovery, officials from Noranda (TSE), Aur Resources (TSE) and St. Genevieve Resources (TSE) have res…
Minnova uncovers new zone near Winston Lake mine
Persistent exploration efforts by Minnova (TSE) around the company’s Winston Lake mine near Schreiber, Ont., have resulted in the discovery of a significant new zinc-copper zone about 1.5 km southwest…
Noranda returns Sunrise to Aber
The Sunrise polymetallic property, 70 miles north of Yellowknife, N.W.T., is back in the hands of the Aber Resources (VSE) and Hemisphere Development (VSE) partnership after a unit of Noranda (TSE) op…
Adrian results cause sell-off
Drilling results from the SKI project, directly north of the rich Eskay Creek property north of Stewart, B.C., were greeted with a mass of sell orders. Adrian Resources (VSE) owns the project and Prim…
Mill problems at Golden Bear
Gold production at the Golden Bear mine near Dease Lake, B.C., will be reduced by about 50% for the next 5-6 weeks while operator North American Metals (VSE) corrects the failure of a key component in…
Seabrex shifts focus away from Nova Scotia’s Meguma
For several years, Seabright Explorations (TSE) has been trying to make a gold mine out of its Moose River property in Nova Scotia’s Meguma group sediments. But the company recently announced plans to…
U.S.REPORT Crown second quarter
For the 1990 second quarter ended June 30, Crown Resources (VSE) reported a net loss of US$0.8 million, or 7 cents per share. Net income for the first half totalled US$2.2 million or 18 cents per shar…
Deak Res. obtains financing from Ontario’s heritage fund
The Northern Ontario Heritage Fund has approved a request by Deak Resources (TSE) for support by way of a loan facility for the company’s mining and milling operations at Virginiatown, Ont. Deak Presi…
11 Toronto Stock Exchange Indices
Aug. 21 Aug. 20 Aug. 17 Aug. 16 Aug. 15 HIGH LOW Composite “300” 3457.65 3487.69 3491.90 3509.99 3508.08 4009.47 3334.13 Metals & Minerals 3064.07 3129.37 3147.33 3168.33 3197.88 3453.06 2850.84 Integ…
Metal prices, dollar affect Audrey results
Weak precious metal prices and a strong Canadian dollar were two factors that forced Audrey Resources (TSE) to break out the red ink when reporting its first-half financial results. The Rouyn-Noranda,…