American to sell Paymaster stake
Vancouver-based American Reserve Mining (ME) has decided to sell its 40% interest in the Paymaster gold mine project at Timmins, Ont. The company says it has held discussions with potential buyers and…
News
OGS in advance Sudbury move
Sixteen employees of Ontario’s Ministry of Northern Development and Mines recently took up positions at the Ontario Geological Society’s (OGS) “advance office” in Sudbury, Ont. The OGS is set next yea…
Corona net earnings slip
First-quarter net earnings of Corona (TSE) slipped to $6.2 million this year from the $10.5 million reported in the first three months of 1990. The company said the decrease reflects a decline in oper…
Spot prices at a glance (May 27, 1991)
Price (US) Week’s Change Gold* $356.75 — $ 3.50 Silver* $ 4.09 — $ 0.03 Platinum* $392.75 — $ 0.15 Nickel** $ 3.66 — $ 0.13 L…
Diana awaiting results of deep holes on Chevrier bet
Vancouver-based Diana Resources (VSE) is awaiting the completion of a deep hole next to its Obatogamau property near Chibougamau, Que. Collared to test extensions of the zone Chevrier, a discovery ma…
International gold show in Boston
An “international outlook” focusing on the gold-mining scenes in the U.S., Latin America, South Africa and Australia will be on the agenda of the annual Boston Gold Show set for June 5-7 in the Massac…
Kingswood takes options on gold prospect
Kingswood Explorations (ASE) has acquired an option to earn a 100% interest in a gold property straddling Bryce, Truac and Robillard twps., 5.5 km north of Heather Lake, Ont. Based on recommendations…
Moving up the environmental spectrum
Endorsing the concept of sustainable development implies that a company will make a commitment to “develop management skills to a level comparable with those we use in economic management,” says the G…
Sale of Chilean deposits extended
Potential buyers will have until the middle of June to make offers for certain Chilean gold properties held by Cominco Resources International (TSE) and a joint venture partner. The partners are join…
Smelter problems for Falconbridge
Production problems were recently experienced by Falconbridge at the company’s Sudbury smelter. The nickel producer, owned 50-50 by Noranda Inc. and Trelleborg AB, said the smelter’s number one furn…
Kennecott, NovaGold form joint venture on Sewell Brook
Kennecott Canada, the recently revived exploration arm of Kennecott, is planning to make a substantial investment in the Plaster Rock area of New Brunswick. As part of a recent agreement, Kennecott w…
Denison to sell Zemex interest
An agreement to sell its 33.9% interest in Zemex Corp., a producer of industrial minerals and mineral powders in the U.S., for US$8.6 million has been entered into by Denison Mines (TSE). In addition…