Mexican Hat reserves estimate
A reserve estimate has been completed by Oneida Resources (VSE) for one zone on its Mexican Hat gold property in Arizona. Held under option by project operator Placer Dome (TSE), the Mexican Hat prope…
News
Gold bars poured at Thunderwood bet
Four gold bars were poured recently from material extracted from the Gold Hawk joint venture of Thunderwood Resources (TSE) and Minnova (TSE), near Val d’Or, Que. Weighing in at 1,706 oz., the yellow …
Mining companies, labor leaders differ on Ontario’s Bill 208
The Ontario government got an explicit message recently when the legislature’s standing committee on resource development rolled into Timmins; mining companies and mining unions aren’t happy with the …
Gold slumps on suggestion IMF sell gold to ease nations’ debt
The volatile price of gold took a turn for the worse recently when the U.S. Treasury Department suggested the International Monetary Fund (IMF) use its gold holdings to help its member nations ease th…
Toronto Stock Exchange Indices (February 12, 1990)
Feb. 6Feb. 5Feb. 2Feb. 1Jan. 31HIGH LOW Composite “300”3769.063767.213719.573709.053704.424009.473707.00 Metals & Minerals3017.543056.233019.473004.183057.123453.053004.18 Integrated mines3138.003178….
Editorial A sad ending for a great mine
Labor unions in British Columbia have notched what they no doubt consider to be another victory. They have stood up to one of Canada’s largest zinc producers and let the world know that they can’t be …
PRODUCER PRICES (February 12, 1990)
ALUMINUM: MW U.S. Market US64.00- 66.00 cents per lb. (Feb. 1, 1990). ANTIMONY: New York dealer US88-90 cents per lb. (Jan. 25, 1990). BISMUTH: New York dealer US$4.35-4.45 per lb. (Feb. 1, 1990). CAD…
LAC to double gold output at El Indio in Chile
Two major expansion programs are being considered by LAC Minerals (TSE). At the company’s El Indio gold mine in Chile, the company is reviewing the feasibility of doubling gold production from 200,000…
Placer to spend $1.1 million on Curator bet
In a show of confidence in the Jualin gold property owned by International Curator Resources (VSE), Placer Dome (TSE) has budgeted a further $1.1 million for exploration this year. Placer has spent ab…
Stainless steel a real nickel success
Helping to prop up the price of nickel in 1988 and 1989 was the global demand for stainless steel, a material whose origins can be traced back more than 75 years. Nickel-containing stainless was repor…
Franco-Nevada buys Interlake’s Hemlo property
Toronto-based Franco- Nevada Mining (TSE) has acquired what it considers to be a promising long-term prospect to supplement its royalty interest in American Barrick Resources’ (TSE) Goldstrike gold mi…
Goldteck takes Bellview to feasibility
At a recent meeting, directors of Goldteck Mines unanimously approved a decision to advance to feasibility the Bellview gold project in White Pine Cty., Nev. A feasibility study, financed 100% by Gold…