Volatile gold price slows mines startups
The decline in gold prices over the past two years has slowed new gold mine development worldwide, reports the London-based Mining Journal. The slowdown is most obvious in North America and Australia,…
News
Toronto Stock Exchange Gold issues suffer as Placer Dome ponders
As investors awaited the outcome of the Meech Lake discussions and for Placer Dome to make the next move in the battle for Eskay Creek, gold issues continued to suffer today, June 6, from the recent p…
Gold glass cuts energy expenses
The recently inaugurated Las Vegas Mirage Hotel is equipped with a device to reduce air-conditioning and heating costs, according to a report by The Gold Institute in Washington, D.C. In the summer, M…
OBITUARIES Norman Ursel led Noble Peak north
Norman Ursel, president of Noble Peak Resources and Norman H. Ursel Associates, died in Toronto, Ont., May 29. He was 63. Ursel is best known for his pio 0000,0600 neering activities in Canada’s far n…
Corona restructures, ups offer in bid to win control of Eskay
Moving to consolidate its position in the Eskay Creek project in British Columbia, Corona (TSE) has tied up control of the gold deposit’s two major players. Under a revised merger deal, Corona has acq…
Perrex, Teck agreement
An exploration agreement has been concluded by Teck (TSE) with Perrex Resources (ASE) and Gwen Resources (ASE), covering the latter companies’ gold property in northwestern Quebec. Teck can earn a 60%…
U.S.REPORT Equinox cuts deals in Nevada
Two earn-in agreements signed by Equinox Resources (TSE) could see up to US$1.5 million in exploration funds spent on the company’s Nevada properties. The first joint venture grants Amax Gold (NYSE) t…
Metal Prices FREE MARKET London Metal Exchange (June 11, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 5 June 4 June 1 May 31 May 30 Copper 1563-1565 1603-1605 1558-1560 1578-1580 1562-1564 Lead 488-490 4…
People DUNFRAZIER GOLD EXPL.
Ivan Christopher appointed president succeeding Walter Cummings.
Biron drilling at Summit gold project
Biron Bay Resources (ASE) says exploration diamond drilling has resumed at its Summit gold project in the Steeple Rock mining district of New Mexico. The target of Biron’s current work is the Norman K…
Insider Trading Toffan benefitting from Eskay activity
John Toffan, chairman of Prime’s partner Stikine Resources (TSE), may wind up better off financially though he may never be as recognized for his role in the Eskay Creek gold discovery as Prime Resour…
Denison not selling coal, potash assets
Denison Mines’ (TSE) chief executive Helen Roman-Barber said the company “has not put its interests in Quintette Coal or Denison-Potacan Potash up for sale,” in response to media reports circulated la…