Editorial Be prepared
The focus on the pulp and paper industry (and how it has measured up to new environmental demands) has given the mining industry a small bit of breathing space and a taste of what’s coming their way. …
News
FUTURES PRICES (April 09, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 137.50 125.40 127.40 + 11.05 May 125.00 121.50 124.85 + 12.60 Jun 120.50 120.50 120.35 SILVER (in US cents pe…
Aber, Hidden Lake to explore N.W.T. bet
Based on a recently signed letter of intent, Aber Resources (VSE) and Hidden Lake Gold Mines (VSE) plan to form a joint venture to explore mineral claims at Trumpline Lake, about 45 miles east of Yell…
Geologists may become registered professionals
A group of geoscientists is drafting a plan which would allow geoscientists in Ontario to register as professionals. The committee, chaired by consulting geologist Bill Pearson, was formed as a result…
Gold production boosts International Mahogany’s annual earnings
Initial commercial production at the Jolu mine in January, 1989, and a full year of production at the Silver City operation have increased earnings for International Mahogany (TSE). The company report…
U.S. Report Placer buys Oneida shares
An option agreement signed in 1989 has resulted in Placer U.S., a wholly owned subsidiary of Placer Dome (TSE), owning one million shares of Oneida Resources (VSE). The option agreement called for Pla…
Northair drops Deception Lake
After compiling results from a recent exploration program, Northair Mines (TSE) elected not to participate in the future development of the Deception Lake property in northern Saskatchewan. The compan…
Malartic Hygrade loan to fund Congress mill
Malartic Hygrade Gold Mines (VSE) recently arranged a US$5- million gold loan facility with the Bank of Nova Scotia to finance plant construction at the Congress gold mine in Arizona. The loan bears a…
NASDAQ would end penny stock trading
The national over-the-counter market in the U.S., known as NASDAQ, is proposing to end trading in most stocks worth less than US$1. NASDAQ lists almost 5,000 issues, including many penny stocks. The m…
Cache option deal
Montreal-based Cache Explorations (ME) is increasing its land position in Courville Twp., Que., where the company has been drilling a gold property optioned from Parquet Resources (TSE). Subject to re…
Higher earnings for CoCa Mines
Net income of US$1.9 million (17 cents per share) on revenue of US$28.3 was reported by CoCa Mines (TSE) for 1989, compared with net income of US$184,500 (2 cents per share) on revenue of US$13.6 mill…
Editorial Mining industry challenged
The mining industry along with every other industry sector was challenged at Globe ’90, an international environmental conference held in Vancouver, B.C., to play a stronger role in protecting the env…