Costs lowered at Dome mine
Cash production costs at the Dome gold mine of Placer Dome (TSE) at Timmins, Ont., averaged US$312 per oz. during the first six months of 1991, compared with US$444 for the same period last year, the …
News
TAP launches own lawsuit
Legal action has been commenced against Richard Homburg, The Halifax Herald Ltd. and others claiming general damages for libel and slander, and special and punitive damages, TAP Capital (TSE) said. TA…
Prairie reactor under discussion
The possibility of a nuclear reactor being built in Sas-katchewan will be examined by provincial utility SaskPower Corp. and federal agency Atomic Energy of Canada Ltd. (AECL). The province and Ottawa…
Black Cliff options Chile tailings dumps
Toronto-based Black Cliff Mines (TSE) has signed an option agreement with a Chilean company to earn a 70% interest in several gold-silver-copper tailings deposits near Atacama in central Chile. The ag…
Fort Knox hits low-grade zone
Recently completed drilling in the Shining Tree area of northeastern Ontario has re-turned low-grade base metal values for Fort Knox Gold Resources (TSE). Testing a geophysical target on its 100% owne…
Vancouver Stock Exchange (October 07, 1991)
Mark Twain’s satirical observation that October is not a good month for stock markets held a grain of truth in Vancouver this week as a number of stocks took a dramatic tumble after drill results from…
KWG optioning Ghana properties
KWG Resources (ME), formerly Kewagama Gold Mines, has entered into an agreement with Canadian Overseas Development allowing KWG the option to earn an interest in two mineral properties in Ghana, West …
FUTURES PRICES (October 07, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 108.20 107.00 108.00 + 1.50 Nov 106.00 105.70 106.35 + 0.95 Dec 105.10 103.90 105.00 … SILVER (in US cents …
Gold play developing at Brookbank
Geologists working on behalf of Ontex Resources (ASE) are comparing the Brookbank gold deposit near Beardmore, Ont., to a Freewest-type deposit without the rewards of intensive exploration. Current re…
Athabaska drills at Nicholas Lake
With financial backing from Royal Oak Mines (TSE), Vancouver-based Athabaska Gold Resources (TSE) has begun drilling at its 60% owned Nicholas Lake gold project north of Yellowknife, N.W.T. Royal Oak …
Study estimates 18% return at Holloway project
A feasibility study recently completed on the Lightning gold zone near Matheson, Ont., indicates that the deposit would generate a 17.9% rate of return on a stand-alone basis. The study is based on a …
Guest Column (October 07, 1991)
The visit earlier this year by University of Toronto professor Tony Naldrett and myself to the Noril’sk mining camp in Siberia was arranged by the Soviet Academy of Sciences and hosted by the Noril’sk…