Tiomin produces first concentrate
Clearing the first hurdle in a feasibility study on its Natashquan deposit in Quebec, Tiomin Resources (ME) has produced a clean concentrate of heavy minerals, including iron, ilmenite, zircon and gar…
News
COMMENTARY — Better markets anticipated
Looking at stock market performance during the past two years, the trend, in technical terms, could best be described as a sideways correction: the TSE 300 index ran up strongly in late 1990 from the …
OBITUARY — Paul E. Young
A former mining engineer with Rio Algom Ltd., Paul Young, died recently at Waterloo, Ont. He was 85. After graduating from the Michigan College of Mining and Technology in 1931, Young commenced a leng…
Fairfield ships more gold ore
A second shipment of high-grade gold ore containing a minimum 6,560 oz. gold was made by Fairfield Minerals (TSE) to Noranda’s Horne smelter in Eastern Canada. Fairfield has so far shipped a total of …
NovaGold resumes drilling program
A 1,500-metre drilling program is under way at its Sears Lake and Sewell Brook properties in northern New Brunswick, reports operator NovaGold Resources (TSE). The program is financed by Kennecott Can…
Spot prices at a glance (March 08, 1993)
Week’s Price (US) Change Gold* $329.55 – $0.80 Silver* $ 3.58 – $0.02 Platinum* $342.50 – $4.25 Nickel** $ 2.68 – $0.14 Lead** $ 0.19 $0.00 Copper $ 0.97 – $0.03 Zinc $ 0.46 – $0.02 Courtesy of Scotia…
Echo Bay works to reduce Lupin costs
The struggle to stay profitable has intensified at the Lupin gold mine of Echo Bay Mines (TSE) as the gulf between production costs and market price narrows. Production costs at the mine, 250 miles no…
Rusty Lake options Minnova property
Rusty Lake Resources (CDN) has an option to earn half of Minnova’s (TSE) interest in the Big Duck Lake gold property, near Schreiber, Ont. The 145-claim property covers several gold zones that are ass…
Curragh offering worth $50 million
To improve liquidity, Curragh (TSE) is offering $50 million of convertible preferred shares to institutional investors. The new shares, which will be offered at $1.20 each, will be convertible into su…
Record Pegasus production
Record gold production combined with lower cash costs helped Pegasus Gold (TSE) report a record cash flow for the year ended Dec. 31, 1992. The company produced 382,100 oz. gold during the year from i…
Mobrun fire
A fire that broke out last month in the headframe of the Mobrun mine shaft near Rouyn-Noranda, Que., will cause a delay of about two months in the exploration and development program on the 1100 lens,…
STOCK MARKETS — Diamond, gold players keep western markets
A number of issues posted gains on western markets during the week ended noon, March 3. Trading interest was once again triggered by diamond and gold exploration in the Northwest Territories, as well …