1991

Falconbridge cuts sulphur dioxide output at Sudbury

Falconbridge, the free world’s second largest nickel producer, says it is able to meet the Ontario government’s 1994 “Countdown Acid Rain” goal three years ahead of schedule. The government’s 1994 lim…


Environmentalists active in Wisconsin

“It’s tough to do business down here,” says geologist Ted Dematties. “We always tell our clients that even if they do make a viable discovery, there is no guarantee they will ever get it to production…


Nor.Abitibi drilling

A diamond drilling program has started on Northern Abitibi Mining’s (ASE) Douay Twp. gold property under option to Inco (TSE) and Vior (ME) in northwestern Quebec. Equal partners Inco and Vior can ear…


Writeoff hurts Amax results

Equity losses and writedowns put a damper on 1990 results for Amax Gold (NYSE) which reported earnings of US$28.3 million for the year, compared with 1989 earnings of US$33.3 million. The losses and w…


More sampling planned for Frasergold

Although details have yet to be finalized, the 1991 field program for the Frasergold project near Williams Lake, B.C., is expected to include more diamond and reverse circulation drilling and undergro…


FINANCING (March 04, 1991)

Sandy Lake Explorations Ltd. – 2,210,000 units consisting of 1 sh and 1 wt offered @ 45 cents per unit, also 400,000 shs offered @ 43 cents per sh. Skeena Resources Limited – 600,000 units consisting …


U.S. REPORT FMC earnings slide

As a result of lower silver prices and an increase in operating costs, FMC Gold (NYSE) reported a drop in earnings to US$5.3 million for the fourth quarter ended Dec. 31 from the US$10 million reporte…


Pegasus reports loss of 1990

Non-recurring charges totalling US$53.1 million during 1990 pushed year-end results into the red for Pegasus Gold (TSE). The company reported a loss of US$38.2 million for the year compared with earni…


New World preliminary reserves

A breakdown of total preliminary reserves (T.N.M., Feb. 18/91) for five deposits of the New World gold-silver-copper project in Montana of Crown Butte Resources (TSE) and Noranda (TSE) should have app…


News In Brief New China Resources

New China Resources Ltd. (NEC:VSE) has changed its name to Sino Pac International Investments Inc. with no consolidation of capital. The transfer agent is Montreal Trust. The new company has no furthe…



FUTURES PRICES (March 04, 1991)

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 114.00 112.25 112.50 + 2.45 Apr 111.00 110.20 110.70 + 2.50 May 110.10 108.60 108.90 SILVER (in US cents per …


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