1990

Although the price of nickel has fallen below US$4 per lb on the London Metal Exchange, the sound of alarm bells has been faint. Few analysts, if any, foresee the base metal rallying to sustained high…

Toronto-based Franco-Nevada Mining (TSE) has joined the growing list of Canadian resource companies planning to adopt a poison pill mechanism to prevent it from becoming the victim of an unwanted take…

Calgary-based Varna Gold (ASE) says a 3,000-ft. drill program got under way recently at the company’s Ming’s Bight joint venture in Newfoundland. As part of a plan to earn a 70% stake in the project, …

Some substantial gains were made during the week ended Jan. 16 by three Alberta issues which haven’t been among the most active traders lately. During the week, Zenmac Zinc added an impressive 58 cent…

Central Crude (TSE), which is moving ever closer to the Hemlo Gold Mines (TSE)-Noranda (TSE) fold, is also becoming much more active in the exploration field, with Noranda as operator. Central Crude n…

Toronto-based Noranda Minerals, a unit of Noranda (TSE), recently acquired 489,900 shares of Societe Miniere Louvem (TSE), bringing its stake in the Val d’Or, Que., company to 3.2 million shares or 21…

The 14th Congress of the Council of Mining and Metallurgical Institutions will be held July 2-6 in Edinburgh, Scotland. The focus will be the expanding range of minerals and materials required by cont…

Investors lost ground in active trading for the week ended Jan. 16, with the market portfolio tumbling more than 38 points and the mining and minerals index declining more than 19 points. Daily volume…

Underground exploration work has been resumed by Belmoral Mines (TSE) on Yorbeau Resources’ (TSE) Astoria gold project, three miles south of Rouyn-Noranda, Que. Drifting is under way at the AW-zone on…

Aurogin Resources (VSE) has granted an option to Freewest Resources (ME) and Maple Creek Mines, a private company. It gives the latter two companies the right to earn a 50% interest in a base metals p…

Despite a dramatic drop in activity in the junior resource sector in Nova Scotia since the heyday of flow-through shares, exploration is continuing, mostly by majors and the few juniors which have man…

ALUMINUM: MW U.S. Market US72.00 cents – 73.00 cents per lb. (Jan 11, 1990). 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…