Oklahoma oilman George Kaiser continues to show confidence in the prospects for Toronto-based Madeleine Mines (TSE). The chairman of Kaiser Francis Oil Co., who already owns more than 10% of Madeleine…
I wish to address the plight of the Canadian mining industry in these troubled times. It is abundantly clear that the vitality of our industry has been sapped by severe, adverse and counter-productive…
It is interesting to note that California — a state in which the mining industry finds difficult to obtain the required permits to mine — some time ago recognized the importance and uniqueness of it…
Despite reporting increased third- quarter earnings compared with last year, Bunker Hill Mining (TSE) has reduced its workforce at its silver-lead-zinc mine in Idaho by 18%. Bunker recorded third-quar…
Production at the Bogosu gold mine in Ghana, West Africa, was officially started up Oct. 22, Sikaman Gold Resources (TSE) reports. Output for the period November, 1990, to December, 1991, at the 1.1-m…
Few mining companies would aspire to produce a projected 25,000 oz. of gold in the fourth quarter of 1990, 100,000 oz. in 1991, and 200,000 oz. in 1992 if they only started breaking the ground in the …
Newfoundland is the first province to renew a federal-provincial agreement to stimulate mining and exploration, but the new agreement is shorter in length and financing. Newfoundland recently signed t…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date October 23 October 22 October 19 October 18 October 17 Copper 1388-1389 1386-1388 13…
Week’s Price (US) Change Gold* $371.10 + $5.35 Silver* $4.23 + $0.01 Platinum* $426.15 + $30.60 Nickel** $4.01 — $0.12 Lead** $0.35 + $0.00 Copper- $1.24 + $0.07 Zinc– $0.61 + $0.01 Courtesy of Scot…
Low production costs at the Golden Giant mine near Marathon, Ont., helped owner Hemlo Gold Mines (TSE) keep its earnings in line during the third quarter ended Sept. 30. The company’s third-quarter in…
Lower realized nickel prices throughout the year affected both third-quarter and 9-month cumulative earnings at Inco (TSE). Third-quarter earnings fell to US$97 million (92 cents per share) from US$12…
The heady days of 1980 when silver prices averaged US$20.66 per oz. are a distant memory for companies that produce the metal either as a byproduct or as a primary commodity. Today, with silver prices…
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