Hudbay profit down 40% in second quarter
Sharply lower profit was reported in the quarter ended June 30 by Hudson Bay Mining and Smelting (TSE), Canada’s fourth largest producer of copper and zinc. The company said its profit in the second q…
News
La Sarre Mining arranges financing
A flow-through share financing worth $600,000 is being finalized by La Sarre Mining Exploration (ME) with Valeurs Mobilieres S.M.C. of Quebec. The proceeds will be used to finance an exploration progr…
Anglo has trouble wedging drill hole
Anglo Canadian Mining (TSE) has experienced some difficulties while wedging a second drill hole on its MWF gold property near Timmins, Ont., where Anglo is spending $250,000 to earn a 50% project inte…
Toronto Stock Exchange Indices (August 13, 1990)
Aug. 7 Aug. 6 Aug. 3 Aug. 2 Aug. 1 HIGH LOW Composite “300” 3470.68 Holiday 3516.94 3546.97 3569.15 4009.47 3334.13 Metals & Minerals3189.64 Holiday 3295.38 3350.09 3382.78 3453.06 2850.84 Integrated …
Moss-Power, NAR buy Pickle Lake bets
North American Rare Metals (ME) and Moss-Power Resources (TSE) have agreed to purchase the remaining 41% interest in the Dorothy Lake and Dobie River properties near Pickle Lake, Ont. The interest, cu…
NEWS IN BRIEF Home Lake Resources Ltd.
Home Lake Resources Ltd. (HLAK:COATS) will use $120,663 to complete a zinc evaluation and exploration program on its mineral property in the Saganagons Lake area. The money was raised after 160,350 co…
Golden Triangle McLeod’s home base
Projects in the Golden Triangle of northwestern British Columbia have upstaged star performers in other provinces to become Canada’s hottest plays this summer. Among them is Newhawk Gold Mines’ Sulphu…
Noranda defers Lynne results
Further results from the Lynne project in Wisconsin, where Noranda (TSE) made a major zinc discovery in June, will not be released until Aug. 21, said Walter Nash, director of U.S. exploration. Nash s…
Metal Prices FREE MARKET (August 13, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date August 7 August 6 August 3 August 2 August 1 Copper 1562-1564 1492-1550 1547-1550 15…
Record production fails to improve Hope Brook results
Despite record production at Hope Brook Gold’s (TSE) underground gold mine on the southwest coast of Newfoundland, lower gold prices and high production costs continue to hurt the company’s balance sh…
Spot prices at a glance (August 13, 1990)
Week’s Price (US) Change Gold* $384.75 + $13.65 Silver* $4.87 + $0.06 Platinum* $479.65 — $5.50 Nickel** $4.99 + $0.36 Lead** $0.40 + $0.01 Copper- $1.32 + $0.03 Zinc $0.75 + $0.05 Courtesy of Scotia…
Correction Tonto
The employer of project superintendent Ron Koebel, who is stationed at the Eskay Creek gold project in northern British Columbia, was incorrectly identified (T.N.M., Aug. 6/90). Koebel works for Tonto…