Despite extreme volatility in the oil markets, weak gold prices and a US$4.2-million fourth-quarter loss, Toronto-based Horsham (TSE) had another profitable year. Horsham, which controls gold producer…
Falconbridge, the free world’s second largest nickel producer, says it is able to meet the Ontario government’s 1994 “Countdown Acid Rain” goal three years ahead of schedule. The government’s 1994 lim…
A diamond drilling program has started on Northern Abitibi Mining’s (ASE) Douay Twp. gold property under option to Inco (TSE) and Vior (ME) in northwestern Quebec. Equal partners Inco and Vior can ear…
Although details have yet to be finalized, the 1991 field program for the Frasergold project near Williams Lake, B.C., is expected to include more diamond and reverse circulation drilling and undergro…
A breakdown of total preliminary reserves (T.N.M., Feb. 18/91) for five deposits of the New World gold-silver-copper project in Montana of Crown Butte Resources (TSE) and Noranda (TSE) should have app…
New China Resources Ltd. (NEC:VSE) has changed its name to Sino Pac International Investments Inc. with no consolidation of capital. The transfer agent is Montreal Trust. The new company has no furthe…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 114.00 112.25 112.50 + 2.45 Apr 111.00 110.20 110.70 + 2.50 May 110.10 108.60 108.90 SILVER (in US cents per …
Toronto-based gold producer Wharf Resources (TSE) reported a loss of US$5.8 million (33 cents per share) for the year ended Dec. 31, 1990, after the company wrote off its US$11.5-million investment in…
At the 59th annual convention of the Prospectors and Developers Association of Canada (PDAC), Quebec Mines Minister Lise Bacon will address the audience. Also scheduled to address the convention is Au…
Equity losses and writedowns put a damper on 1990 results for Amax Gold (NYSE) which reported earnings of US$28.3 million for the year, compared with 1989 earnings of US$33.3 million. The losses and w…
As a result of lower silver prices and an increase in operating costs, FMC Gold (NYSE) reported a drop in earnings to US$5.3 million for the fourth quarter ended Dec. 31 from the US$10 million reporte…
Non-recurring charges totalling US$53.1 million during 1990 pushed year-end results into the red for Pegasus Gold (TSE). The company reported a loss of US$38.2 million for the year compared with earni…
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