Pegasus eyes new opportunities
Spokane-based Pegasus Gold (NYSE) kicked off the new year by joint-venturing a Nevada gold property held by Athena Gold (VSE), and in a separate development, announced plans to make an additional equi…
News
NEBEX, Savoy test high-grade showing
NEBEX Resources (ASE) has exchanged its right to earn a 50% interest in the MOS 1-5 and Les 6 claims near Yellowknife, N.W.T., for a 50% interest in Savoy Gold. Drilling on the property during the 194…
Information sought on Kerr’s Baker
I am looking for information concerning James Baker, who was chief geologist at the Kerr Addison gold mine at Virginiatown, Ont., from 1937 to 1960, because of his major contributions to the mining ge…
Cross Lake acquires claims near Agnico’s Eagle mine
In exchange for $6,350 and 100,000 shares, Cross Lake Minerals (VSE) has acquired 36 claims in Casa Berardi Twp., Que. The claims, which cover the same stratigraphy as the nearby Eagle mine, carry sev…
Ottawa sells more Cameco shares
The federal government has arranged to sell 5.9 million special warrants, or about 11.5%, of Cameco (TSE) to the public at $14.60 per warrant. Each warrant will entitle the holder to receive one commo…
Inco reports hefty loss
A dismal performance from the company’s primary metals business led to a US$5.8-million loss for Inco (TSE) in the fourth quarter of 1991, compared with earnings of US$72.6 million for the same period…
METAL PRICES (February 10, 1992)
London Metal Exchange pot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 4 Feb 3 Jan 31 Jan 30 Jan 29 Copper 1202-1203 1204-1205 1220-1221 1222-1224 1211-…
Agnico’s Joutel mines to close
Unless exploration yields a big discovery around Agnico-Eagle Mines’ (TSE) Joutel Division north of Val d’Or, Que., the aging Eagle and Telbel gold mines are likely to close by April, says President P…
Industry favors fly-in operations
We are surprised that David Johnston takes issue in his letter to the editor (T.N.M., Oct. 14/91) with our research findings cited by Olav Svela (T.N.M., Sept. 2/91) with respect to the growth of comm…
Alberta Stock Exchange — Kingswood active
Active Kingswood Explorations 1985 has started up a drilling program on its 60-claim gold property at Eastmain, Que., where surface work indicated a number of anomalies. The company, whose stock slipp…
PRODUCER PRICES; FUTURES PRICES; PDAC cites Sandy Lake to
A new agreement between the federal and Ontario governments and the Nishnawbe-Aski First Nation has caused a lot of problems for Sandy Lake Resources. The private company has been prospecting on minin…
Asarco drops Col project (February 10, 1992)
A unit of Asarco (NYSE) recently withdrew from a joint venture with Kookaburra Gold (VSE) to explore the Col copper-gold project in the Mt. Milligan area north of Prince George, B.C. Kookaburra is now…