Eastern follows up geochemical anomaly
Follow-up work is under way at the Shamrock property in Newfoundland, where Eastern Goldfields (COATS) has outlined a geochemical gold anomaly. Eastern is completing a program of trenching and samplin…
News
Adonos takes option on Costa Rican bet
Vancouver-based Adonos Resources (VSE) has exercised its option to acquire a Costa Rican gold property from Black Cliff Mines (TSE), its parent company. The 79-sq.-km property hosts the Beta Vargas go…
Vancouver Stock Exchange Vancouver market plunges in wake of Eskay
Both the Vancouver Stock Exchange Resource Index and Composite Index fell steeply over the week ended Aug. 21, shedding 43.44 points and 36.95 points respectively, or about 5% each. The stark black an…
EDITORIAL PAGE Earnings show cost of high rate
If there were any doubts about the effect of current monetary policy on Canada’s mining industry, second-quarter results should put an end to them. High interest rates and the resulting strong dollar …
Preservationists’ report has little to say on multiple use
Recently, I came into possession of a typed copy of a tape taken of the World Wildlife Fund Canada, “Report of the Anglo- North American mapping group, Honolulu, Hawaii, June 23, 1990.” The area of co…
Radisson continues Duquesne sampling
More than 19,000 tons of sampling material have been extracted from the Duquesne mine project north of Rouyn-Noranda, Que., Radisson Mining Resources (ME) reports. Milling of the material has establis…
PRODUCER PRICES (August 27, 1990)
ALUMINUM: MW U.S. Market US80.00- 83.00 cents per lb. (Aug. 16, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.05 per lb. (Aug. 16, 1990). C…
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…
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…