Underground exploration at the Francoeur gold mine, held equally by Rouyn Mining Resources (TSE) and LAC Minerals (TSE), continues to support the theory that proven reserves can be increased. Situated…
Reduced expenditures on exploration and development by the mining industry have had a negative effect on Hillsborough Resources’ (TSE) 1989 revenue. The mining contractor reported revenues of $31 mill…
Primary lead producer The Doe Run Co. will soon have only one owner. Homestake Mining (NYSE) has agreed to sell its 42.5% interest in Doe Run to Fluor Corp. for US$125 million and indemnification agai…
Recent drilling by Getchell Resources (VSE) on the Galaxy property near Kamloops, B.C, returned encouraging results which appear to confirm the results of previous drilling done on the property during…
ALUMINUM: MW U.S. Market US72.50- 74.50 cents per lb. (May 17, 1990). ANTIMONY: New York dealer US82-84 cents per lb. (Apr. 19, 1990). BISMUTH: New York dealer US$4.05-4.15 per lb. (May 17, 1990). CAD…
William Grismer appointed president and chief executive officer succeeding William Allan who resigned. People May 22, 1990…
Contrary to what was reported (T.N.M., May 28/90), the average cost of production at Canamax Resources’ (TSE) three Canadian gold mines during the first three months of 1990 was US$372 per oz., compar…
A week-long symposium focusing on mineral exploration in the Abitibi region of Quebec attracted more than 400 delegates to this northern city. Hosts of the bilingual event, titled “Northwestern Quebec…
Now that a lengthy legal property ownership dispute has been resolved to the benefit of Freegold Recovery (VSE), an exploratory drill program has started on the company’s Slumbering Hill property near…
Although it was overshadowed by some verbal sparring at Northgate Exploration’s (TSE) recent annual meeting in Toronto, the first gold pour was expected to occur last week at the Colomac gold mine, no…
With a commitment to spend $6 million on exploration and development over a 3-year period, Southern Arizona Mining and Smelting (COATS) says it intends to form a joint venture with Gold Bar Resources …
Toronto-based International Platinum (TSE) has received a further $250,000 to finance exploration on the Duluth platinum project in Minnesota and the Goodfish gold property near Kirkland Lake, Ont. Th…
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