Hanson would sell stake in Newmont
The controlling shareholder of Newmont Mining (NYSE) is negotiating to dispose of its 49% interest in the Denver-based mining company and buy into a lumber company. Hanson of London would sell most of…
News
New joint venture for Pay Dirt
A proposed joint venture agreement is setting the stage for Pacific Century Explorations (VSE) to take on a partner for continued exploration of the Pay Dirt property in northwestern British Columbia….
Metals and Human Health: What Business Are We IN?
If you ask the chief executive of a large Canadian mining company what business he is in, he is likely to give you a funny look before replying, “Why, the mining business, of course.” If you ask him t…
LAC expecting 75,000 oz from Bousquet No 2
LAC Minerals (TSE) says gold output from its new Bousquet No. 2 mine near the town of Malartic in northwestern Quebec will reach its planned target of 75,000 oz. this year. Situated less than a mile a…
White Plains unable to exercise option on wollastonite bet
White Plains Resources (VSE) has failed to exercise an option to purchase from Sikaman Gold Resources (TSE) a 75% interest in the Gilbert wollastonite property in Nevada. The option deadline was Oct. …
Roasting Goodman for a good cause
Ned Goodman got off easy as the butt of a recent charity “roast” that might better be described as a tribute to the chairman of Dundee Capital and the driving force behind Corona Corp. for the past ha…
Minnova options Fireweed property
A work program by Minnova (TSE) is slated to begin shortly on the Fireweed property near Smithers, B.C. The company has the right to earn a 70% interest in the polymetallic (gold-silver-lead-zinc-copp…
METAL PRICES PRODUCER PRICES (October 22, 1990)
ALUMINUM: MW U.S. Market US84-86 cents per lb. (Oct. 11, 1990). ANTIMONY: New York dealer US80-83 cents per lb. (Sep. 6, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CADMIUM: …
Miners form council to protect environment
Major companies involved in mining and metallurgy met recently in London, England, to initiate the formation of an international council on metals and the environment. The purpose is to promote enviro…
Tax Angles The ins and outs of CNIL
The phone ring sounded urgent. I picked it up. It was Harry Speers. “Barry, do your guys know what they’re doing?” Now Harry is a bit of a joker but this sounded semi-serious. “Why do you ask, Harry?”…
Gold-Platinum price gap narrows as economy heads for recession
The gold price and the platinum price are beginning to move in opposite directions as fears of a world recession take hold. Although prices for both metals rose in initial reaction to Iraq’s invasion …
Silver Butte on schedule
Development of the Silver Butte polymetallic mine in Douglas Cty., Ore., is reported to be on schedule for startup by the end of the year. Owned by Formosa Resources (VSE), the Silver Butte project is…