Higher costs hurt MinVen earnings
Lower gold prices coupled with higher operating costs at its mines produced a loss for MinVen Gold (TSE) in the 9-month period ended Sept. 30. MinVen reported a 9-month loss of $3.8 million (13 cents …
News
Parlake defers special meeting
A special meeting of shareholders has been deferred one week to Nov. 30 by Parlake Resources (TSE). In August, Parlake directors voted to issue one million treasury shares to T.G.A. Management at 23 c…
Toronto Stock Exchange Indices (November 26, 1990)
Nov. 20 Nov. 19 Nov. 16 Nov. 15 Nov. 14 HIGH LOW Composite “300” 3107.20 3132.99 3128.51 3114.51 3127.64 4009.47 3009.91 Metals & Minerals2561.76 2571.69 2549.00 2541.13 2568.91 3453.06 2502.63 Integr…
EDITORIAL Sales potential
From the useless-news-release department comes an announcement that the Earth Observation Satellite Company (EOSAT) has appointed a sales representative in Mongolia. EOSAT, which operates the U.S. Lan…
Metal Prices FREE MARKET (November 26, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date November20 November19 November16 November15 November14 Copper 1327-1329 1329-1330 13…
Metalore drops counter claim
Metalore Resources (TSE) has withdrawn its counter claim against Ontex Resources (ASE) in the wake of a lengthy court battle for control of the disputed Brookbank gold property in northern Ontario. Th…
Chile’s Escondida set to produce
About eight months ahead of schedule and under budget, the huge Escondida copper mine in northern Chile is scheduled to enter production in December. Output of refined copper in 1991 is expected to to…
Hendrick named `Copper Man of the Year’
The Copper Club of New York recently named Keith Hendrick “Copper Man of the Year.” Currently president of Noranda Minerals, Hendrick is honored for his more than 30 years of service to the mining and…
Montreal Exchange VSM is confident
The latest drilling results from near Quevillon, Que., have project partners VSM Exploration and Serem-Quebec confident they will be able to add to their already impressive preliminary zinc-copper- si…
New Kelore senior management resign
As part of the recent resignations at RFC Resource Finance (TSE), New Kelore Mines (TSE) has also lost its chairman, president and two directors. Chairman Carl Ashenhurst and President Douglas Nichols…
Alban, Noranda plan drill sites at Mitzi
As Noranda (TSE) completes an additional IP survey over the Mitzi gold-copper property, 19 km west of the Mount Milligan project in central British Columbia, joint venture partner Alban Explorations (…
Toronto Stock Exchange Echo Bay issue suffers from market jitters,
When the going gets tough, trigger-happy investors tend to over- react to the slightest hint of bad news. That may explain the US$1.38 drop today, Nov. 21, in the price of Echo Bay Mines shares. The p…