Agnico gets good results at Laronde
While a number of the newer gold mines in this country have been falling short of expectations, Agnico-Eagle’s (TSE) Donald J. Laronde mine in Quebec’s Bousquet area, now owned outright following the …
News
1,000 reopened claims prompt staking rush near Cobalt, Ont.
The rush is on as mining majors battle small-time prospectors for control of more than 1,000 reopened claims in the Cobalt area of northern Ontario. Since 7 a.m., April 3, official opening time, stake…
Hanson Lake tonnage may rise 45% based on recent drilling
Reserves at the Hanson Lake project in northeastern Saskatchewan may increase by as much as 30-45%, based on recent results from ongoing drilling by partners Cameco and Trimin Resources (TSE). Two of …
Alberta Stock Exchange Lacklustre trading
Last week’s collapse in bullion prices might have created a “second chance” buying opportunity for investors to pick up gold shares at a discount. But, judging by the lacklustre trading pattern during…
Macassa output during March best in 57 years
The Macassa gold mine of LAC Minerals (TSE) near Kirkland Lake, Ont., smashed its previous records by posting a single-month gold output of 12,353 oz. in March. The mine had never before produced more…
Teck, Cominco investments boost Metall Mng. earnings
The acquisition of a U.S. copper producer and investments in two of Canada’s largest mining companies contributed to higher annual earnings for Toronto-based Metall Mining (TSE). Metall, a 62.7% owned…
Tough times hit mining towns hard
Few need to be reminded of how tough things were during the recession of the early 1980s. Lessons learned then are still fresh in the minds of those who work in the mining industry. What is perhaps le…
Metal Prices (April 09, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date April 3 April 2 Mar. 30 Mar. 29 Mar. 28 Copper 1670-1672 1700-1702 1652-…
COATS (over-the-counter) Southern Ariz. up 12 cents
In an otherwise quiet week of trading on the over-the-counter market, 631,040 shares of Southern Arizona Mining and Smelting changed hands. Reacting to news of an option agreement between Southern and…
People (April 09, 1990)
ASARCO INC. — William Borzick will head a newly created internal consulting group, based in Salt Lake City, Utah; Curtis Bates appointed plant manager of the Texas plant; Vincent Wildman appointed ma…
Colony reports 1989 loss .F VANCOUVER
For the year ended Oct. 31, Colony Pacific Explorations (VSE) reported a net loss of $669,000 on revenues of $124,000. This compares with the previous year’s loss of $197,000 on revenues of $140,000. …
Major General boosts stake in gold claims across the country
Over the past few months, Major General Resources (VSE) has been increasing its stake in gold properties across the country. In Newfoundland, Major General Resources (VSE) has recently exercised an op…