Commodity index shows March gain
The all-commodity price index of Scotiabank rose by 2% in March, its first monthly gain since October. A strong recovery in base metals — up 7.2% from February — offset small declines in forestry pr…
News
Diamond mining begins at Glencairn’s Raw Bean Deposit
Initial mining and production plant tune-up are under way at Glencairn Explorations’ (ASE) Raw Bean diamond mine in Bahia, Brazil. Glencairn is testing small batches of low-grade ore at its portable p…
American Barrick moves up but Placer still top gold producer
Moving up the list of top Canadian gold producers is American Barrick Resources (TSE), which Richard Cohen of securities firm BBN James Capel says could occupy the second position in the country by th…
Gold price not critical to Barrick profit’s
Facing a packed annual meeting audience and a toy version of his company’s brand new autoclave unit, American Barrick Resources (TSE) Chairman Peter Munk attempted to allay any concerns his shareholde…
Spot prices at a glance (May 07, 1990)
Week’s Price (US) Change Gold* $370.50 — $4.30 Silver* $5.00 — $0.02 Platinum* $476.75 — $4.00 Nickel** $4.31 + $0.02 Lead** $0.36 — $0.01 Copper- $1.27 + $0.05 Zinc $0.79 — $0.01 Courtesy of Sco…
Base metals exploration focus of Bathurst moot
A 4-day symposium is planned by the New Brunswick Prospectors and Developers Association (NBPDA) and the Department of Natural Resources and Energy (DNRE), June 10-13. The symposium combines field tri…
U.S.Report BMR stresses lack of Desert Tortoise
An environmental survey conducted by BMR Gold (ASE) over the company’s America Mine gold project in San Bernardino Cty., Calif., failed to locate any desert tortoise. The tortoise is known to inhabit …
Chemicals to cost US$1 billion by 1993
By 1993 almost $1 billion will be spent annually on about 10 billion pounds of chemicals and materials by Canadian and U.S. mining operations. This will be an increase of almost 37% over 1988, and on …
Corona increasing stake in Breakwater
With recent purchases of more than three million shares and an agreement to buy an additional 10 million shares, Corona (TSE) is increasing its stake in Breakwater Resources (TSE) to 27.6%. In a separ…
Feasibility study complete next month on Eagle River project
The feasibility study in progress at the Hemlo Gold (TSE), Central Crude (TSE) joint venture at Mishibishu Lake, Ont., should be completed next month, says Hemlo Gold President John Harvey. “If the fe…
Suit names Aurizon
Named as one of three defendants in a proceeding commenced in the Supreme Court of British Columbia is Aurizon Mines (TSE). The company says the action, launched by a private company, is related to an…
Michele keen on Quebec bet
Junior Michele Gold Mines (VSE), which recently raised working capital of $97,000 through a private placement, is seeking financing or a partner to explore property in the Lake Kenogami- Chicoutimi ar…