Big Creek drilling
A 10,000-ft. drill program will begin in late May on the Nucleus-Revenue porphyry copper-gold prospect in south-central Yukon. This prospect is one of at least two porphyry targets within the 15-mile-…
News
Toronto Stock Exchange Shares react to fears of `double dip’
Growing concern that a “double dip” recession could force share prices below their current trading levels kept investors on the sidelines during the period ended May 7. A leading Toronto analyst, who…
Cambior boosts revenue, output
Increased revenue and gold production were reported by Cambior (TSE) for the first quarter of 1991. Revenue jumped by 33% to $36.3 million while output rose to 62,105 oz. compared with 39,582 oz. for …
Northgate mine closing in June
The Colomac gold mine will be placed on care and maintenance late next month when remaining fuel supplies finally run out, shareholders were told at Northgate Exploration’s (TSE) recent annual meeting…
South African ties could force review of HudBay bid
Manitoba Energy Minister Harold Neufeld says he welcomes Minorco’s recent offer to provide financial support for a $187-million modernization program at Hudson Bay Mining & Smelting’s (TSE) Manitoba m…
NEWS IN BRIEF Kewagama Gold
Kewagama Gold Mines (Quebec) Ltd. (KWG:ME) has changed its transfer agents to Central Guaranty Trust Co.
CIM presents annual awards
Peter Tarassoff, outgoing president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), presented awards to a number of well-known resource industry professionals during the associati…
Quarterly earnings turn down for Kerr
Reflecting the general economic slowdown of the world’s major industrial countries, the first-quarter results of Kerr Addison Mines (TSE) were off compared with the same 3-month period in 1989. Net ea…
PRODUCER PRICES (May 13, 1991)
ALUMINUM: MW U.S. Market US62-64 cents per lb. (Apr. 25, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CADMIU…
Sherritt searches for nickel feed
Finding feedstock for its nickel refinery in Fort Saskatchewan, Alta., remains a priority for Sherritt Gordon (TSE), President Ian Delaney recently told a meeting of financial analysts in Toronto. Boo…
Thunderwood gets another hint of major Scott Lake find
Thunderwood Resources (TSE) and partner Greenstone Resources (TSE) continue to intersect copper-zinc-rich sulphide mineralization while completing a 25,000-ft. drill program at their equally owned Sco…
U.S. REPORT Silver tarnishes Nerco earnings
Operating income from Nerco’s (NYSE) mineral segment reached US$1.3 million in the 1991 first quarter, down from US$2.9 million for the same three months in 1990. The company said the decrease in ear…