A combination of lower ore grades and weaker gold prices slashed Echo Bay Mines’ (TSE) third-quarter earnings in half, from US$5.1 million (5 per share) in 1990 to US$2.3 million (2 per share). At 50%…
The results of a bulk-sampling program on Swansea Gold Mines placer property near Wisdom, Mont., indicate that the gold-bearing material has an average recovery of 0.055 oz. gold per cu. yd. The resul…
After 22 years of operation, Phelps Dodge (NYSE) will be closing its Tyrone mine concentrator in New Mexico. Sulphide ore reserves are expected to be exhausted by the end of 1991 but mining of low-gra…
Higher output was reported by Cambior (TSE) for the third quarter of 1991 but net earnings decreased. The gold producer attributed the earnings dip to a large drop in the net selling price for gold du…
In what may be the start of an area play, Tantalus Resources (VSE) has reached an agreement in principle with a subsidiary of Citadel Gold Mines (TSE) to acquire a 100% interest in that company’s pros…
Arista Resources Inc – 650,000 shs offered @ 36 cents per sh. Prepared by Wood Gundy Inc.
Calgary-based Trev Corp. (ASE) has staked two groups of claims in the Lang Lake and Pickle Lake greenstone belts of northwestern Ontario. Situated 25 km north of Bond Gold Canada’s Golden Patricia min…
Crystal Peak Garnet, owned by Polestar Exploration (VSE), is probably the largest known garnet deposit in the world according to Vice-President Robert Wolfe. The deposit, near Hedley, B.C., measures o…
An agreement has been signed by Goldstack Resources (VSE) with American Consolidated Mining (USOTC) covering exploration and development of the Goldhills project on the Nevada-Utah border. The project…
Toronto-based Citadel Gold Mines (TSE) is attempting to prove that Jamaica has more to offer than just sunshine and sandy beaches after securing a portfolio of mining licences on the Caribbean island….
Owners of the Crow Butte uranium mine joined their guests for a tour of operations and a country-style celebration to mark the Oct. 17 official opening of the mine, four miles from this prairie commun…
Cominco (TSE) announced it will be operating its zinc refinery at Trail, B.C., at 90% of its 300,000-ton-per-year capacity. The company also announced that further cutbacks would be considered, “if wo…
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