Commercial production on the Nighthawk Lake property near Timmins, Ont., will be under way within two years, according to a recent agreement between Giant Yellowknife Mines (TSE) and property owner Pa…
The president of Potash Corp. of Saskatchewan has a 5-year contract which pays him $700,000 per year. Details of C.E. Childers’ salary agreement with the Saskatchewan government were recently leaked t…
Ontario has allocated $30 million in incentives for mineral exploration in the province over the next three years. Provincial Treasurer Robert Nixon included the allocations in his 1990-91 budget unve…
Gold producer Skyline Gold (TSE) has no plans to close its wholly owned Johnny Mountain mine in the Iskut River camp of northwestern British Columbia. Skyline President William Price said rumors of an…
Week’s Price (US) Change Gold* $374.80 + $0.10 Silver* $5.02 — $0.07 Platinum* $480.75 + $2.75 Nickel** $4.29 + $0.36 Lead** $0.37 — $0.01 Copper- $1.22 Zinc $0.80 + $0.06 Courtesy of Scotiabank. In…
The decline continued on the ME, with the market portfolio down more than 61 points and the mining and minerals index off by more than 92 points for the week ended April 24. Daily trading volumes were…
If there’s one company that is synonymous with Canada’s mining industry, it’s Inco. That’s not to say that the nickel producer represents all things about Canadian mining. It doesn’t. Looking at Inco …
Over the past couple of months, mining insiders were busily increasing their exposure to any future developments at the Eskay Creek, B.C., and Louvicourt Twp., Que., exploration projects. Buyers inclu…
Denver-based Manville (NYSE) is looking to sell its 50% interest in the Stillwater mine, the world’s only economically viable primary source of platinum group metals outside South Africa. Manville, an…
Management of Hope Brook Gold (TSE) is under heavy pressure this year to bring about a turnaround in operations at the company’s problem-plagued gold mine on the southwest coast of Newfoundland. Last …
This season Fairfield Minerals (TSE) plans to spend about $1.1 million to further explore its prospective 160-sq.-mile landholding in the Okanagan district of southern British Columbia. The bulk of th…
Record gold production, earnings and cash flow were reported by American Barrick Resources (TSE) for the first quarter of 1990. Net income increased to US$13.1 million (10 cents per share) on a fully …
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