News


Substitution trends in Steel industry

An economic analysis of general trends determining to what extent the reduction in steel intensity in the industrialized countries is ascribed to the substitution of steel for other materials, such as…


Long Range busy on Newfoundland claims

After raising $525,000 in its first public share offering, Long Range Resources (ASE) is gearing up to explore several gold properties in Newfoundland this spring. The main focus of this year’s work w…


Cash flows for Cheni

Gold and silver miner Cheni Gold Mines (TSE) reported net earnings for the year ended Dec. 31 of $4 million, or 36 cents per share, on revenues of $26.7 million. Since 1989 marks the first year of pro…


Gold production up, net income down

Although gold production was up 25.5% over last year, net income for Coeur d’Alene Mines (AMEX) dropped. The company reported net earnings for the year ended Dec. 31 of US$9.4 million (or US94 cents p…


FINANCING (March 12, 1990)

Brightwork Res — 600,000 sold for gross $330,000. Krigold Res — 650,000 offered @ per unit. Gold Summit Mines — gross proceeds rec $280,000. Int’l Viking — 800,000 offered @ 60 cents per sh. Ameri…


Montreal Exchange Market gains

Trading activity related to resource issues turned positive for the week ended March 6, with the mining and mineral index gaining 93.5 points. The general market portfolio index also shone, closing wi…



Newfields funding cancelled

A financing plan among Newfields Minerals (TSE), St. Genevieve Resources (TSE), and private investors, involving proceeds of $1.25 million for Newfields, has been cancelled. In addition, the 1- for-4-…




Micron test plant enters production

A consortium of companies led by Micron Mining, a private American firm, has built a facility to test for gold recovery from the sandy material of a property in southern Nevada’s Moapa Valley. Gordon …


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