Explorers Recover Gold Bars and More
Explorers who found the wreck of a 19th-century steamboat off South Carolina two years ago are hauling up a trove of gold coins and bars that could be worth up to $1 billion. The booty aboard the SS C…
News
Cameco shutdown
Cameco has extended the annual summer shutdown at its Blind River and Port Hope uranium refineries to four months in 1990. Both facilities will be shut down in mid-June and will resume operations in O…
Placer drilling Verse Lake claims
Placer Dome (TSE) has started an 8-hole drill program on the Verse Lake property held under option from Glen Auden Resources (TSE). The Verse Lake claims are near Chapleau, Ont. Placer is testing a se…
Rich drill holes maintained interest in Nevada’s Carlin
North America’s richest goldfield keeps getting richer. In August, Denver-based Newmont Gold pulled an intersection of 350 ft of 0.768 oz gold per ton from its Deep Star property along Nevada’s Carlin…
People (January 01, 1990)
CAROLIN MINES — Michael Berne appointed chairman of the board, president and chief executive officer; R.D. Anthony and Robert Handfield, vice-presidents and Major General Norman Ross, corporate secre…
Pezim sells almost all of Corona Corp. interest
Vancouver promoter Murray Pezim’s connection with Corona Corp. (TSE) was weakened substantially when he sold almost all of his remaining stake in the Toronto- based gold producer recently. According t…
Louvicourt base metal discovery revived a sluggish stock market
The Louvicourt Twp., Que., find of joint partners Aur Resources (TSE) and Societe Miniere Louvem (TSE), the hottest base metals discovery since Kidd Creek, brought a sluggish June mining market to lif…
Metal prices tied to economy’s performance
The bull market in base metals would appear to be over, at least for a London research firm which points out that during the fourth quarter of 1989, metals “either returned to the defensive or continu…
PRODUCER PRICES Metal Prices (January 01, 1990)
ALUMINUM: MW U.S. Market US73.00 cents – 74.75 cents per lb. (Dec 14, 1989). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (D…
Trading nets Imperial earnings
Trading profits of $2 million for the six months ended Sept 30 kept Imperial Metals (TSE) in the black. The company reported net earnings for the period of $1.33 million on operating revenues of $2.1 …
12 honored as Hall of Fame’s first inductees
The industry honored some of its own last January at the inaugural dinner of the Mining Hall of Fame held at Toronto’s Royal York Hotel. Keynote speaker at the event was former Falconbridge chairman B…
Stratabound releases New Brunswick results
Stratabound Minerals (ASE) has released some encouraging results from its 100% owned CNE zinc-lead-silver property near Bathurst, N.B. where reserves above the 130-ft level stand at 210,000 tons of gr…