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…
1991
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…
Toronto Stock Exchange Dividend sparks Rio Algom, as budget
A pro-business budget that ignored the mining sector failed to ignite the kind of activity that investors might have hoped for during the week ended Feb. 26. As allied troops moved in to take out Iraq…
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 …
LETTERS TO THE EDITOR Parys Mountain project revisited
Your story “Anglesey’s plans for Parys holds historical significance” (T.N.M., Jan. 21/91) was of much interest. It may be of further interest to your readers to learn about the history of the Parys M…
Mature markets hurt selenium growth
The established end-use markets for selenium are mature and no new major applications are foreseeable, according to research company Roskill of London. However, the firm expects demand growth to conti…
Review lowers coal price
A review of the contract price of Bullmoose coal for the period commencing April 1, 1989, has lowered the price to $88.26 per tonne. The Bullmoose mine in northeastern British Columbia is owned 61% by…
Wyoming Geological Association Conference
The Wyoming Geological Association (WGA) will hold its 42nd annual fall field conference Sept. 14-18 in Laramie, Wyo., at the University of Wyoming. Topic is the state’s mineral resources. WGA is base…
News in brief (March 04, 1991)
Lyon Lake Mines (ME) has signed a deal with Canaco Mining (ME) to earn a 50% interest in the latter company’s Benoit Twp. property in northern Quebec. The 34-claim property is immediately north of the…
Mazarin makes option deals
An option agreement has been signed between Societe d’Exploration Miniere Mazarin (ME) and Rio Algom (TSE) whereby the latter may earn a 60% interest in Mazarin property north of Amos, Que. To earn it…
Drilling extends Yellowjacket
Drilling on the J&L property near Revelstoke, B.C., has extended the strike extent of the recently discovered Yellowjacket zone to at least 200 metres in length. The zone was discovered late last year…