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 …
News
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…
Majors dominate Yukon exploration
Although the mineral exploration season in the Yukon looks slower than the industry would like, some significant projects are in the works this year. The biggest thing we’re going to see is exploratio…
Upgrading studies in mineral economics
Mineral economics is not a highly favored academic pursuit in Canada. There are no post-graduate level programs at any Canadian university and virtually nowhere to gain any type of accreditation. Ther…