The fortunes of British Columbia’s mining industry continued a downward trend in 1990, with coal operations being particularly hard hit and the industry suffering an aggregate loss of $95 million for …
Hemlo Gold Mines (TSE) reported earnings of $8.6 million (10 cents per share) for the second quarter compared with $1 million for the same period last year. The 1990 income included the writedown of H…
The transfer of Noranda’s (TSE) gold assets to Hemlo Gold Mines (TSE) is complete. In exchange for 8.61 million of its common shares, Hemlo acquired all of Noranda’s gold assets including joint ventur…
Shares of Wheaton River Minerals (TSE), the first new junior mining company to be cleared for listing on The Toronto Stock Exchange this year, began trading recently at around 43 cents. With 5.9 milli…
Toronto-based Falconbridge, the western world’s second largest nickel producer reported net earnings of $9.9 million in the three months ended June 30, down from $26.8 million in the same period last …
A diamond drill program has started on the Paydirt property to test several targets outside the Paydirt deposit which contains preliminary reserves of 204,000 tons grading 0.12 oz. gold per ton. The p…
Washington-based Pegasus Gold (TSE) recently listed its common shares on the Montreal Exchange. Incorporated in British Columbia, the gold producer operates four mines in the western U.S. with a total…
N.Y. Commodity Exchang Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jul 99.80 99.00 99.25 + 0.60 Aug 99.25 99.05 99.60 Sep 99.95 99.00 99.50 + 0.85 SILVER (in US cents per oz.) Jul 4…
The 1991 drilling program by Cominco Resources International (TSE) on its 100% owned Cerattepe property in northeastern Turkey is reportedly increasing the known extent of high-grade copper mineraliza…
The Geological Survey of Canada is studying the occurrence of gold and other deposits in Newfoundland’s Notre Dame Bay area. The focus is on the geochemistry of volcanogenic massive sulphides and the …
Toronto-based Deak Inter-national Resources Holdings has entered into a private placement agreement to ac-quire 7.6 million shares of af-filiate Deak Resources (TSE) for 25 cents per share. Subject to…
Gold analyst David James’ positive comments on the Holloway project, about 40 miles east of Matheson, Ont., have renewed investor interest in Teddy Bear Valley Mines. A portion of Holloway’s famous Li…
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