NEWS IN BRIEF St Andrew puts Stock mine on hold
Citing the need to cut costs, St Andrew Goldfields (TSE) will suspend underground mining operations at the Stock Township mine just west of Matheson, Ont., for two months. In the meantime, a total of …
News
Miller’s Musings MAC hears why constitutional accord unlikely
At their annual meeting, held this year in Montreal on June 6, members of the Mining Association of Canada had a rare opportunity to hear an articulate analysis of the nation’s constitutional situatio…
Vancouver Stock Exchange Pockets of excitement
Despite some pockets of excitement, the general market in Vancouver was recently characterized by a local mining analyst as “bleeding badly.” Both the Vancouver Stock Exchange composite and resource i…
EDITORIAL PAGE Leading indicators
If you want numbers on the gross domestic product, on inventories, on the trade balance, employment or inflation, Statistics Canada and other sources have more than enough data to keep you busy. Unfor…
Copper price reflects trend in supply figures
Having surprised analysts with its resilience since the early stages of the recession, copper has finally reacted to the fundamentals of supply and demand. It fell through the US$1 threshold last mont…
U.S. REPORT Van Stone shows operating profit during startup
The Van Stone zinc-lead mine in northeastern Washington state produced 1,947.4 tons of zinc concentrate and 702.3 tons of lead concentrate from startup in early March to the end of May. Equinox Resour…
Metal Prices FREE MARKET (June 24, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 18 June 17 June 14 June 13 June 12 Copper 1359-1361 1354-1355 1341-1…
Minera Rayrock’s Chilean discovery
Minera Rayrock (TSE) and partner Hecla Mining (NYSE) say their equally owned Chilean subsidiary, Minera Dona Isabel, has intersected a wide zone of good grade gold mineralization on the Pullali proper…
TVX seeks even split from North, South American output
Celebrating its first annual meeting, TVX Gold (TSE) reported 1990 gold production of 228,200 oz. at a cash cost of US$228 per oz. According to Martin Robinson, president and chief executive officer,…
New funding for Coleraine
Financial assistance up to a maximum of $217,665 to go toward a ferrochrome project in the Thetford Mines, Que., area has been confirmed by the Quebec government, Coleraine Mining Resources (ME) repor…
Insider Trading Regal director on buy side
Regal Goldfields (CDN) director Robert Taylor recently increased his position in the Toronto-based diamond exploration company which has options on claims covering a kimberlite pipe northeast of Kirkl…
LAC, Equinox pull big hole at Rosebud gold property
Drilling on the Rosebud property in Nevada by joint venture partners Equinox Resources (TSE) and LAC Minerals (TSE) has returned a 178-ft. intersection grading 0.72 oz. gold per ton. The hole was dri…