Montreal Exchange TVX in major deal
News of the formation of a new major gold producer involving Inco and Consolidated TVX Mining, and of the latest exploration program for the Louvicourt massive sulphide deposit of Aur Resources and So…
News
Teck closes Beaverdell silver mine, Keno reopens Yukon operations
The heady days of 1980 when silver prices averaged US$20.66 per oz. are a distant memory for companies that produce the metal either as a byproduct or as a primary commodity. Today, with silver prices…
Nickel prices keep Inco earnings down
Lower realized nickel prices throughout the year affected both third-quarter and 9-month cumulative earnings at Inco (TSE). Third-quarter earnings fell to US$97 million (92 cents per share) from US$12…
Hemlo Gold has steady earnings
Low production costs at the Golden Giant mine near Marathon, Ont., helped owner Hemlo Gold Mines (TSE) keep its earnings in line during the third quarter ended Sept. 30. The company’s third-quarter in…
Spot prices at a glance (October 29, 1990)
Week’s Price (US) Change Gold* $371.10 + $5.35 Silver* $4.23 + $0.01 Platinum* $426.15 + $30.60 Nickel** $4.01 — $0.12 Lead** $0.35 + $0.00 Copper- $1.24 + $0.07 Zinc– $0.61 + $0.01 Courtesy of Scot…
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…
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…
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 …
Bogosu mine startup in Ghana gives Sikaman gold production
Production at the Bogosu gold mine in Ghana, West Africa, was officially started up Oct. 22, Sikaman Gold Resources (TSE) reports. Output for the period November, 1990, to December, 1991, at the 1.1-m…
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…
California alone in recognizing importance of minerals
It is interesting to note that California — a state in which the mining industry finds difficult to obtain the required permits to mine — some time ago recognized the importance and uniqueness of it…
LETTERS TO THE EDITOR Governments sap industry’s vitality
I wish to address the plight of the Canadian mining industry in these troubled times. It is abundantly clear that the vitality of our industry has been sapped by severe, adverse and counter-productive…