U.S.REPORT Crown second quarter
For the 1990 second quarter ended June 30, Crown Resources (VSE) reported a net loss of US$0.8 million, or 7 cents per share. Net income for the first half totalled US$2.2 million or 18 cents per shar…
Articles by Northern Miner Staff
Nickel prices slash profits at P.T. Inco
Following in the footsteps of its parent company, P.T. International Nickel Indonesia suffered a 53% drop in earnings in the first half of 1990. Lower realized nickel prices continued to drain the com…
Hillsborough reports higher net income
Earnings are up for Hillsborough Resources (TSE). In the first six months of 1990, Hillsborough reported a net income of $997,711 (20 cents per share), compared with $581,000 (12 cents per share) for …
7 COATS (Over-the-counter) arker-Holloway results
Some of the best results from the Noranda-Freewest property in Harker and Holloway twps., Ont., came in this week, including a 64-ft. section grading 0.43 oz. gold per ton. The downdip and western ext…
Metal Prices FREE MARKET (August 27, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date August 21 August 20 August 17 August 16 August 15 Copper 1542-1544 1552-1553 1577-15…
Mining rate declining at Kidd Creek
Officials at Kidd Creek Mines, Falconbridge Ltd. and Noranda (TSE) are playing down suggestions that the world-class mining facility is on its last legs. For the past year there has been a growing con…
Kalrock, Flint Rock in amalgamation
Shareholders of both Kalrock Developments (ASE) and Flint Rock Mines (VSE) recently approved an amalgamation of the two companies. Name of the new corporation is Kalrock Resources. Flint Rock’s share …
New LME chairman
The London Metal Exchange (LME) has a new chairman. John Wolff, currently vice-chairman of the commodities exchange and one of its committee members from 1979 on, was recently elected to the position….
Insider Trading Black Hawk board granted options
The entire board of Toronto- based Black Hawk Mining (TSE) has been positioning itself to take advantage of any developments relating to the company’s U.S. and Canadian nickel projects. According to t…
U.S. REPORT Formation acquires Oregon property
Exploration work by Formation Capital (VSE) on recently acquired ground in eastern Oregon has the company optimistic the property has potential for a bulk tonnage, precious metal deposit that may be a…
Deak Res. obtains financing from Ontario’s heritage fund
The Northern Ontario Heritage Fund has approved a request by Deak Resources (TSE) for support by way of a loan facility for the company’s mining and milling operations at Virginiatown, Ont. Deak Presi…
U.S. REPORT Seine River to develop California gold mine
The results of a preliminary feasibility study on the newly acquired Lincoln project has management of Seine River Resources (VSE) optimistic the historic former producer can be developed into a moder…