Record production, earnings for Barrick
Record gold production, earnings and revenue were reported by American Barrick Resources (TSE) for the third quarter and first nine months of 1990. Gold output during the quarter totalled 163,366 oz.,…
News
Glimmer, Noranda pick up ground near Beatty-Hislop
Joint venture partners Glimmer Resources (VSE) and Noranda (TSE) have acquired another 8.5 claims around their Beatty-Hislop gold discovery near Matheson, Ont. The companies recently added the new cla…
Newfoundland first to renew MDA with federal government
Newfoundland is the first province to renew a federal-provincial agreement to stimulate mining and exploration, but the new agreement is shorter in length and financing. Newfoundland recently signed t…
Crude gears up for accelerated program at Moss Lake project
Exploration at the Moss Lake property northwest of Thunder Bay, Ont., is set to increase markedly as winter freeze-up provides operator Central Crude (TSE) with access to the choicest ground. Presiden…
U.S. REPORT Santa Fe to heap leach, expand mill at Rabbit Creek
Few mining companies would aspire to produce a projected 25,000 oz. of gold in the fourth quarter of 1990, 100,000 oz. in 1991, and 200,000 oz. in 1992 if they only started breaking the ground in the …
GOLD FUNDS (October 29, 1990)
MVP BGR Central Capital Net value $10.01 $5.54 $0.28 Price $ 9.25 $5.125 $0.14 Discount 7.59% 7.5% 50.0% Value $59,611,946 $86,224,538 N/A…
People FAIRBANKS GOLD (October 29, 1990)
Yorkton Securities Inc. appointed financial adviser.
People BALLATAR EXPLORATIONS
Robert Johnson appointed president succeeding James Watts who remains as a director.
Metal Prices FREE MARKET (October 29, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date October 23 October 22 October 19 October 18 October 17 Copper 1388-1389 1386-1388 13…
Battle Mountain begins drilling Queenston’s Kirkland claims
Beginning to make its mark on the Canadian exploration scene, Battle Mountain Canada, a unit of Battle Mountain Gold (NYSE), recently started drilling a new gold zone in Ontario’s Kirkland Lake mining…
U.S. REPORT Bunker Hill moves to cut workforce
Despite reporting increased third- quarter earnings compared with last year, Bunker Hill Mining (TSE) has reduced its workforce at its silver-lead-zinc mine in Idaho by 18%. Bunker recorded third-quar…
Amax boosts quarterly earnings U.S. REPORT
Increased production at mines in the western U.S. has enabled Amax Gold (NYSE) to report improved earnings for its 1990 third quarter ended Sept. 30. The Colorado-based company announced net earnings …