Breakwater suspends mining at El Mochito
Mechanical problems at the El Mochito polymetallic mine in Honduras have forced operator Breakwater Resources (TSE) to temporarily suspend operations until repairs can be completed. The company expect…
News
Inco taking gold operations public via TVX merger
Nickel producer Inco (TSE) is making good on a promise to go public with its gold-mining operations by merging its wholly owned unit Inco Gold with producer Consolidated TVX Mining (TSE). The new comp…
Ontario mining `a driving force’
It is with pleasure and humility that I introduce myself to Ontario’s mining community as the new minister of mines. Every member of this important community, be they prospectors, developers, managers…
People MAJOR GENERAL RESOURCES
Richard Atkinson appointed director and chairman of the board.
NovaGold, Costigan hit base metals in virgin territory
Partners NovaGold Resources (TSE) and Costigan Gold (COATS) have made a base metal discovery on their Sewell Brook property, near Plaster Rock, N.B. All four holes on the previously undrilled property…
Toronto Stock Exchange Indices (October 29, 1990)
Oct. 23 Oct. 22 Oct. 19 Oct. 18 Oct. 17 HIGH LOW Composite “300”3123.02 3115.45 3086.64 3060.02 3023.38 4009.47 3009.91 Metals & Minerals2729.86 2747.52 2714.91 2650.29 2598.61 3453.06 2587.95 Integra…
PRODUCER PRICES (October 29, 1990)
ALUMINUM: MW U.S. Market US81.50- 85.50 cents per lb. (Oct. 18, 1990). ANTIMONY: New York dealer US80-83 cents per lb. (Sep. 6, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CA…
Waddy drilling gets good widths, at Saskatchewan gold deposit
Preliminary assays have been reported by Waddy Lake Resources (TSE) from the first 14 holes in a recently completed 29-hole drill program on the company’s Komis gold deposit in northern Saskatchewan. …
NEWS IN BRIEF (October 29, 1990)
Geologists from all over the globe will meet in Toronto, Ont., May 27-29, 1991. The conference, sponsored by the Geological Association of Canada and the Mineralogical Association of Canada, will incl…
Battle Mountain ups reserves in Bolivia
Exploration work by Battle Mountain Gold (TSE) on the company’s 51% owned Kori Kollo gold property in Bolivia has substantially increased minable reserves at the project. Kori Kollo is situated southe…
Noble, Borealis to terminate deal
Termination of a joint venture involving gold property southwest of Rankin Inlet, N.W.T., has been agreed to by Noble Peak Resources (ASE) and Borealis Exploration (ASE). Borealis will transfer to Nob…
INSIDER TRADING Kaiser has faith in Madeleine bet
Oklahoma oilman George Kaiser continues to show confidence in the prospects for Toronto-based Madeleine Mines (TSE). The chairman of Kaiser Francis Oil Co., who already owns more than 10% of Madeleine…