NEWS IN BRIEF Lectus Development Ltd.
Lectus Development Ltd. (LDV:VSE) has changed its name to Swannell Minerals Corp. (SNL:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Royal Trust Co.
1991
TORONTO STOCK EXCHANGE INDICES (May 27, 1991)
May 21 May 20 May 17 May 16 May 15 HIGH LOW Composite”300″ 3447.63 Holiday 3449.74 3456.18 3444.71 4009.47 3009.91 Metals & Minerals 2991.77 Holiday 2997.42 3017.76 3007.73 3453.06 2502.6…
High fixed costs make volume key to Greens Creek success
Even though mesothermal vein-type gold deposits are most often associated with Juneau’s rich mining past, the district’s first new producer is a massive sulphide deposit that turns out significant amo…
Agnico reports quarterly loss
Lower gold prices and reduced production contributed to a net loss during the first quarter of the year, Agnico-Eagle Mines (TSE) reported. The company recorded a loss of $3.1 million compared to a ne…
Silver price puts squeeze on Hecla’s Lucky Friday
Pocked with old mining workings, Idaho’s “Silver Valley,” officially known as the Coeur d’Alene mining district, has produced more than US$4 billion in metals over the past century. As the name would…
EDITORIAL PAGE Making the cost clear
Tax revolt? Not quite. But the discontent of Canadian taxpayers is becoming increasingly evident. Truckers laid siege to the nation’s biggest city recently, blocking the main arteries into and out of …
U.S. gold output second in world
The U.S. moved into second position in 1990 among gold-producing nations, Gold Fields Mineral Services of London said in its annual review of the world gold industry. The U.S. replaced the Soviet Uni…
Saskatchewan map
The 1990 edition of the Mineral Resource Map of Saskatchewan, listing among other items 165 deposits hosting a variety of minerals, is available from Saskatchewan Energy and Mines, Publications, 1914 …
Potash Corp. sees sales rise
Large potash producer Potash Corp. of Saskatchewan (TSE) is confident potash usage is on the rise for the offshore market. The Saskatoon, Sask.,-based company, whose output represents about 10% of w…
While merger plans continue
Centurion pulls gold values…
Alberta Stock Exchange Crew on site at AOK
Recently listed Takla Star Resources says a field crew is on site at the AOK copper-gold property, 50 miles north of Fort St. James, B.C. The Edmonton-based explorer, with the right to acquire 100% o…
Ontario miners brace for new Act
Mine managers in Ontario, Canada’s largest mining province, will be exposed to stricter environmental regulations when amendments to the province’s mining act come into effect June 3, says a Toronto l…