A net loss of $13.3 million or 19 cents per share was reported by International Corona (TSE) for the first six months of this year after taking into account a $21.9-million writedown of its investment…
Reports from the bush don’t seem to have awakened the market from its summer lull. News about Wye Resources’ encounter of a mineralized zone on the Gorham property, five miles north of Thunder Bay, On…
The latest results for gold and silver producer Asamera Minerals (TSE) show a turn for the better with net income of US$4.23 million for the 1991 second quarter ended June 30. This compares with a los…
Options Open Series Volume Last Interest Aug 360 P 15 3.00 0 The New York closing gold price was $357.50 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the cl…
Early this year, nickel giant Falconbridge Ltd. placed a new man at the helm. Frank Pickard, 57, who has been with the company since the 1950s, succeeded Alex Balogh to become president in January. So…
With the proclamation of the 1989 Mining Amendment Act (MAA) on June 3, the mining industry is faced with the most significant amendments ever made to Ontario’s Mining Act. At the annual general meeti…
Union workers at the Sudbury, Ont., operations of Falconbridge voted 68% in favor of a new 3-year contract. Ratification came the day before a strike deadline by members of the Mine, Mill and Smelter …
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug 20 Aug 19 Aug 16 Aug 15 Aug 14 Copper 1334-1334 1341-1342 1324-1325 1313-1315 13…
Low metal prices and depressed equity markets combined to end a 6-year string of profits for Imperial Metals (TSE). The company reported a loss of $4.47 million, or 21 cents per share, during its fisc…
A second-phase program aimed at exploration for new zones and zone extensions will be carried out over the balance of this summer and fall at the Brewery Creek gold property near Dawson, Yukon. The pr…
For the second time this year, gold has failed to live up to its reputation as a sure-fire investment during periods of political upheaval. As Soviet troops rolled into Moscow during the week ended Au…
A recent option agreement allows Gold Fields Mining to earn a 50% interest in the Lakewater property near Eskay Creek by spending $4 million over five years. The northwest British Columbia property is…
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