EDITORIAL PAGE Recycling lead
In this environmentally conscious world, it is worth remembering that every issue has two sides. Take lead, for example. It has been vilified for everything from the failure of 19th-century arctic exp…
News
Sale of Hanson interest triggers Trimin dispute
Equity Reserve and Equity Investments, mining mutual funds which together control about 25% of the outstanding shares of Trimin Resources (TSE), may be seeking to oust Trimin’s current management team…
U.S. REPORT First gold poured at Santa Fe’s Rabbit Creek
By 1992, the gold unit of Santa Fe Pacific (NYSE) expects to be producing more than 300,000 oz. gold annually from various mining operations in Nevada. About 200,000 oz. of this amount is targeted to …
FINANCING (September 10, 1990)
Agnico-Eagle Mines Limited — 3,200,000 shs and 1,600,000 wts offered @ $8.625 per unit. American Barrick Resources Corporation — 5,000,000 shs offered @ $24.50 per sh. International Suneva Resources…
EDITORIAL PAGE Canadian nickel
In a previous issue (T.N.M., Sept. 3 /90) we reported on a U.S. government publication that suggested Sherritt Gordon might be a customer for nickel concentrate from the undeveloped low- grade Six Mil…
Home Lake stakes claims in Eastmain
Toronto-based Home Lake Resources (COATS) has staked 100 claims in the Eastmain River region of northern Quebec. The claims lie six kilometres southwest of the main zone of mineralization discovered b…
Samatosum profits fall short of Rea Gold’s expectations
Although profit from the Samatosum mine owned 30% by Rea Gold (TSE) came in below expectations, it would be difficult to call the numbers disappointing. Operating profit from the mine accruing to Rea …
Toronto Stock Exchange Indices (September 10, 1990)
Sept. 4 Sept. 3 Aug. 31 Aug. 30 Aug. 29 HIGH LOW Composite “300” 3333.27 Holiday 3346.25 3329.83 3339.72 4009.47 3329.85 Metals & Minerals 3027.19 Holiday 3046.71 3027.32 3020.76 3453.06 2850.84 Integ…
PEOPLE BILLITON METALS CANADA
Andrew Flett appointed president succeeding Leo Halliday. Billiton holds significant interest in Les Mines Selbaie in Quebec and is the operator of the Blende zinc exploration project.
PEOPLE LONDON METAL EXCHANGE
John Wolff appointed chairman.
PDAC participates in national geoscience mapping program
Earlier this year, the Geological Survey of Canada (GSC) announced a series of program enhancements and new directions. Included was the proposed National Geoscience Mapping Program (NATMAP). The prog…
Placer to buy BP’s 30% stake in Mt. Milligan for $79 million –
The Mt. Milligan gold-copper project north of Prince George, B.C., appears to be well on its way into the hands of major mining company, Placer Dome (TSE). Having secured an agreement to buy a 30.16% …