News

London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 11 June 10 June 7 June 6 June 5 Copper 1347-1349 1314-1316…

It isn’t just mining that’s being driven into the dumps these days in northern Ontario. Signs abound that the whole economy there is slumping sharply. Even fishing. Recently I spent three days at the …

Jerry Wright appointed president and chief executive officer; Gordon Osbaldeston and Robert Welty appointed directors.

Randy Turner appointed president and director. John Greig, Gary Schellenberg and Jerry Minni appointed directors.

Mineral exploration in New Brunswick for the first five months of 1991 was brisk, the province’s Department of Natural Resources and Energy reported. In the Bathurst-Newcastle mining camp, a drilling …

A drop in the prices of gold, silver, lead and zinc helped push Hecla Mining (NYSE) into a US$2.7-million loss for the first quarter of 1991. This compares with earnings of US$4.6 million in the year…

Peter Lalor, Christopher Lalor and Eardley Ross-Adjie appointed directors succeeding Robert Allen and Rodney Knutson who resigned.

The Spokane Stock Exchange, which played an important role in financing mining activities throughout the Pacific Northwest for 94 years, closed its doors May 24. “It was a sad day,” said Stan Covey, …

Robert Gillingham appointed senior vice-president, corporate finance.

An electrical fault in the stator of the ball mill at the Oracle Ridge mine has temporarily shut down operations. Oracle Ridge is an underground copper-silver-gold mine in Arizona, 70% owned by South…

Both the VSE’s composite and resources indices gained ground during the week ended June 4. The latter jumped by 23.12 points to finish at 541.92, while the composite index added a more modest 9.82 poi…

Two companies sporting the name “American” in their titles, American Reserve Mining and American Barrick Resources, were among the heavy traders during the week ended June 4. American Reserve, which …