Newmont output down in quarter
Gold sales of 373,700 oz. were reported by Newmont Gold (NYSE) from its five mills during the first quarter of 1991, compared with 395,700 oz. during the same period last year. North America’s larges…
News
Toronto Stock Exchange Market posts slight gain, interest rates
Aside from a slight drop in Canadian interest rates, the week ended May 21 offered little evidence that market conditions are about to improve. Gold and base metal stocks, which have been under pressu…
Vancouver Stock Exchange War Eagle up in quiet market
The Vancouver Stock Exchange’s resource index took a hit during the week ended May 21, dropping 12.2 points to finish at 505.14. The composite index followed suit, dropping a more modest 4.89 points t…
Results encourage Cambior, Aurizon
Exploration drilling continues at the Sleeping Giant gold property of Aurizon Mines (TSE), north of Amos, Que., with six machines underground and one rig on surface, program operator Cambior Mines (TS…
Adrian options Sky Creek claims
A recent agreement between Skyline Gold (TSE) and Adrian Resources (VSE) sets the stage for Adrian to acquire a 51% interest in the Sky Creek portion of Skyline’s Johnny Mountain property in northwest…
Stanley installed as CIM president
A partner with Coopers and Lybrand Consulting Group in Vancouver, William Stanley, was recently installed as president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) for 1991-92. …
IOCC GOLD OPTIONS (May 27, 1991)
Options Open Series Volume Last Interest Aug 360 P 100 11.00 215 The New York closing gold price was $356.70 per oz. Last quotations for gold …
Hemlo Gold charged in spill
A cyanide spill in March, 1990, at the producing Golden Giant gold mine of Hemlo Gold Mines in the Hemlo area of northern Ontario has resulted in the laying of charges by the Ontario and federal gover…
Higher revenue for LAC but earnings down a third
Both LAC Minerals (TSE) and subsidiary Bond Gold International reported higher revenues for the first quarter of 1991. While revenues at LAC were US$131.4 million, up from US$111.4 million a year ago,…
Cleanup costs make past producers unpopular – It’s hard to sell an
It was once the case with dormant mines that any prospects for a re-opening rested with the underground potential. In today’s environmental climate, the focus has shifted to the surface, specifically …
With four contracts in hand, Deak planning mill expansion
Ambitious plans to turn the Kerr mill at Virginiatown, Ont., into a processing centre for gold and base metal miners in the Kirkland Lake region are rapidly taking shape. Since it acquired the 50-year…
WisCan files offering
Toronto-based WisCan Resources (TSE) said recently it has filed an exchange offering prospectus for the distribution of units to raise $1-2 million for its Wisconsin joint venture with Noranda (TSE). …