Abcourt, Val d’Or in property deal
An option to purchase, for $1.5 million, the 50% interest of Mines Abcourt (ME) in the Bardome (Vendome) zinc property in Quebec’s Fiedmont and Barraute twps. has been granted Ressources Val d’Or (ME)…
News
NO HEADLINE (March 19, 1990)
TEXT: New realities in Latin America, including the recent election of civilian governments in Chile and Brazil, could help create new opportunities for Canadian mining companies. “Latin America is a…
Labor dispute hurts Rio Algom’s earnings
The loss of ore production during a labor dispute at the Highland Valley copper mining operation in British Columbia last year resulted in reduced annual earnings for Rio Algom (TSE). For the year end…
Trying to control the price of metals
I read recently the Soviet government had raised the ruble price of all gold jewelry by 50% in order to discourage speculation against the ruble. Apparently the more prosperous, hard-working Soviet ci…
International Platinum hits high-grade zone on Kirkland Lake bet
A drill hole on the Goodfish property near Kirkland Lake, Ont., has intersected 90 ft. averaging 0.26 oz. gold per ton in an environment commonly associated with Kirkland Lake’s gold producers. The tr…
Bond completes 11 holes on Magpy bet
The best assay result from an 11-hole drill program completed recently by Bond International Gold (TSE) on Registry Resources’ (COATS) Magpy property near Pickle Lake, Ont., was 0.32 oz. gold per ton …
Changes would increase dramatically fines for violating some
Ontario’s new Provincial Penalties Adjustment Act, now awaiting proclamation, will substantially increase fines for companies that contravene the Mining Act or a number of other provincial statutes. T…
Galactic to develop new mine
March has indeed come in like a lion for Galactic Resources (TSE). In the space of one week, the company announced a substantial increase in annual earnings, the sale of the bulk of its interest in a …
Coxheath has proposal to save Tangier mine
A payment proposal offered to creditors of the cash-strapped Coxheath Gold Holdings (TSE) may allow the company to recommence production at its Tangier gold mine in Nova Scotia. The terms of the propo…
Mercur mine helping to pioneer treatment by pressure oxidation
The Mercur mine, near this small western community, is as rich in history as in gold. Although local residents are likely aware of the mine’s colorful past, few realize that Mercur is still making his…
Metal Prices (March 19, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 13 Mar. 12 Mar. 9 Mar. 8 Mar. 7 Copper 1618-1620 1612-1614 1640-164…
Samatosum doubles gold, silver output from startup levels
Gold and silver production at the Samatosum mine, 28 miles northeast of Kamloops, B.C., more than doubled in the January-February period, compared with the average monthly production rate since the mi…