LAC to focus exploration on Stewart area
A high priority is being placed on exploration this year by LAC Minerals (TSE) as the company gears up to focus on several high priority gold projects including the Red Mountain discovery near Stewart…
News
Lower gold, silver prices hurt FMC Gold’s revenue, earnings
A drop in gold and silver prices as well as increased production costs hurt year-end earnings for FMC Gold (NYSE). The company reported earnings for the year ended Dec. 31 of US$48.9 million on revenu…
WAMIC fashion show a big success
The first fashion show ever held at Toronto’s Skydome took place at Windows restaurant recently. This show was part of the Women’s program of the Prospectors and Developers Association of Canada’s ann…
Letters to the Editor Miner ignores changing times
I am amazed by your editorial “Focus on Canada’s potential” (T.N.M., March 19/90). Your criticism of the Prospectors and Developers Association of Canada is uncalled for. First, you ignore what is obv…
Shutting down silver operations contributes to Agnico’s ’89 loss
Toronto-based Agnico-Eagle Mines (TSE) was forced last year to count the cost of shutting down its silver mining operations in Cobalt, Ont. After swallowing a fourth-quarter writedown of $17.7 million…
Reserves, grade up at Windy Craggy
Because of a boost in both the quantity and quality of reserves at the huge Windy Craggy massive sulphide deposit, owner Geddes Resources (TSE) is more confident than ever of a long life for its propo…
Canamax ups output despite 1989 losses
Even though Canamax Resources (TSE) succeeded in almost tripling its annual gold production last year, the Vancouver-based company couldn’t quite break into the black. Canamax reported a net loss of $…
Newhawk obtains Sulphurets feasibility
A draft feasibility study by Cominco Engineering Services on the Sulphurets gold- silver project north of Stewart, B.C., was recently presented to partners Newhawk Gold Mines (TSE) and Granduc Mines (…
Latest approval for Snip cents project
The Snip gold project in the Iskut River Valley of northwestern British Columbia has been given approval-in-principle by the British Columbia government’s mine development review process. It is operat…
Normetal, La Sarre deal with Cominco
Affiliated companies Normetal Mining (ME) and La Sarre Mining (ME) have struck a deal with Cominco (TSE) to fund exploration on the former companies’ claims adjoining the past-producing Normetal coppe…
Halfmile property completes claim puzzle
When Noranda (TSE) and Trelleborg teamed up last year to buy base metal miner Falconbridge Ltd., the two multinationals got more than nickel mines and the Kidd Creek mine in northern Ontario. They als…
Toronto Stock Exchange Indices (March 26, 1990)
Mar. 20 Mar. 19 Mar. 16 Mar. 15 Mar. 14 HIGH LOW Composite “300” 3744.60 3772.13 3760.70 3757.39 3734.63 4009.47 3649.49 Metals & Minerals 3252.39 3287.07 3268.20 3254.57 3175.55 3453.05 2921.03 Integ…