New mining rules for Saskatchewan
New environmental regulations for Saskatchewan’s mining industry took effect recently, following approval by the provincial cabinet. “These new regulations make Saskatchewan a world leader in environm…
News
Prices, closure, rainfall all contribute to MinVen’s loss
Lower gold prices, the closure of the company’s Blackdome mine in British Columbia, and unusually wet weather at the Gilt Edge and Stibnite mines helped deepen losses for MinVen Gold (TSE). The compan…
Giant Pacific plans warrant issue
Toronto-based Giant Pacific Petroleum (VSE) plans to issue 2.8 million special warrants at 18 cents per warrant through a private placement. Proceeds of the fully subscribed placement, in addition to …
LETTERS TO THE EDITOR (August 26, 1991)
The Institute for Managers and Specialists Continuing Engineering Education is the head organization in post-graduate education on non-ferrous metallurgy in the U.S.S.R. The institute is in Sverdlovsk…
Centurion acquires property
Utah-based Centurion Mines (NASDAQ) recently acquired a disseminated gold-copper project, 175 miles northwest of Spokane, Wash., and 30 miles south of the Canadian border. Partially tested by 118 dril…
Gibraltar reports earnings drop
A drop in the price of copper as well as lower investment income pushed earnings down for Gibraltar Mines (TSE) during the first half of 1991. The company reported earnings of $2 million on revenues o…
Gem safari to Thailand
Ronald Stokes, a Vancouver-based mining consultant and gemmologist, will be leading a gem safari to exotic Thailand for three weeks from Jan. 12 to Feb. 1, 1992. This will be the third gem safari led …
U.S. REPORT (August 26, 1991)
Halifax-based NovaGold Resources (TSE) will begin exploration on 55 claims contiguous to its Sawtooth property in Nevada, following an agreement with the WX syndicate, a group consisting of Westfield …
Princeton faces tougher times
The first six months of this year have been tough ones for Princeton Mining (TSE) because of operating challenges and labor disputes at both its mines. The company is reporting a first-half loss of $7…
Spot prices at a glance (August 26, 1991)
Week’s Price (US) Change Gold* $ 356.20 – $ 0.30 Silver* $ 3.93 – $ 0.02 Platinum*$345.50 + $ 2.75 Nickel**$ 3.72 $ 0.00 Lead** $ 0.24 – $ 0.01 Copper $ 1.00 – $ 0.01 Zinc $ 0.47 – $ 0.00 Courtesy of …
Temagami claims’ status uncertain following court decision
A 9,800-sq.-km area near Cobalt, Ont., may be reopened for staking if the Ontario government and Teme-Augama Anishnabai band agree to lift a 20-year-old land caution on the mineral-rich ground. Follow…
Second-quarter loss for Inland
Junior producer Inland Gold and Silver (NASDAQ) reported a net loss of US$95,356 from sales of US$846,500 for its 1991 second quarter, compared with net income of US$80,484 from gold sales of US$848,0…