SMA fights hazards
The Saskatchewan Mining Association (SMA) has recently announced an environmental policy as it stresses the importance of its contribution to economic growth in the province. The policy, endorsed by a…
News
Newmont shrugs off speculation about new Carlin gold find
Management of Euro-Nevada Mining (TSE) is waiting to hear if Newmont Gold’s (NYSE) latest discovery on the Carlin gold trend in Nevada is going to live up to its name. Situated about 200 ft. from the …
International Coast hosts Soviet delegation
A delegation from the Soviet Union visited Vancouver in early March to discuss mining industry opportunities that are becoming available in that country because of economic reforms under perestroika. …
Spot prices at a glance (March 26, 1990)
Week’s Price (US) Change Gold* $389.90 — $8.90 Silver* $5.05 — $0.04 Platinum* $486.75 — $15.75 Nickel** $4.66 + $0.53 Lead** $0.49 — $0.06 Copper- $1.20 + 0.02 Zinc $0.80 + $0.01 Courtesy of Scot…
Ennex set to study Scottish gold bet
Northgate Exploration’s (TSE) 33% owned affiliate Ennex International is moving one step closer to bringing Scotland’s first gold mine into production by 1991. Dublin-based Ennex says it has commissio…
Varna drilling reveals downdip extensions of Lightening gold zone
A drilling program launched earlier this year on the Ming’s Bight property in Newfoundland is confirming strike and downdip extensions of two separate gold zones. Varna Gold (ASE) says Corona (TSE) ha…
FUTURES PRICES (March 26, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 129.10 127.50 128.00 + 9.00 Apr 122.90 121.50 121.30 + 6.15 May 119.00 116.70 117.30 + 4.60 SILVER (in US cen…
Liberian Iron Ore receives $30.5 million
An aggregate of US$30,562,651 has been received by Liberian Iron Ore (TSE) from Liberian American- Swedish Minerals (LAMCO), a subsidiary of LIO. The decision to transfer the money was made after the …
Raw Bean production ahead of schedule
The Raw Bean diamond project in Brazil will begin production this month, more than one month ahead of schedule and about 10% under budget, Glencairn Explorations (ASE) President Kerry Knoll announced …
De Beers changing corporate structure
Major diamond dealer De Beers of South Africa is restructuring so as to separate its domestic and foreign activities. The old De Beers will handle the South African business while a new Swiss company,…
Gold funds as of Mar. 20
MVP BGR Central Capital Net value $12.35% %$6.15% $0.41 Price $10.875% %$6.50% $0.29 Discount 11.94% 5.7%5 29.3% Value $72,647,107 $103,530,859 N/A…
Dickenson after higher grade, lower cost at White gold mine
Gold producer Dickenson Mines (TSE) increased output and tonnage and lowered its production costs last year at its Red Lake operation in northwestern Ontario. This year, the company would also like to…