NEWS IN BRIEF Kennecott drops Washington Dome
A joint venture agreement between a unit of Kennecott and High Frontier Resources (VSE) was terminated by the major company because of disappointing drill results at High Frontier’s Washington Dome pr…
News
EDITORIAL PAGE Land claim settlements are overdue
Mention native land claims to anyone in the mining industry and you’re likely to get a strong response. Individuals have their personal views on the legitimacy of these claims and the political maneuv…
PEOPLE MILLENNIUM RESOURCES
Argo Stefanopolous appointed director.
Costs for Canadian Producers COSTS EDGING UP TABLE
Company Cash Costs Total Costs Gold Price Pretax (incl deprec) Received Earnings Margin (US$/oz.) (US$/oz.) (US$/oz.) (US$/oz.) Hemlo Gold 144 248 390 + 142 Corona 215 330 385 + 55 Placer Dome 251 333…
Recession spells big drop in new mining stock listings
Hit by the economic recession, a slump in the gold market and the elimination of tax-related exploration incentives, mining companies are becoming increasingly shy about coming to the market with new …
U.S. REPORT NEWS IN BRIEF Horizon Gold reports loss
A net loss of US$4.1 million or 14 cents per share was reported by Horizon Gold (NASDAQ) for its fiscal year ended March 31, compared with a loss of US$3.9 million for the previous year. This year’s l…
Gold mines’ `hidden’ costs edging higher
If it weren’t for forward sales, more than half of North America’s top gold producers would have reported pretax losses in the first quarter, says a recent report by Yorkton Natural Resources. North A…
Alberta Stock Exchange Kingswood active (July 22, 1991)
As drillers moved on to its 133-claim property in La Gauchetierre Twp., Que., during the week ended July 16, Kingswood Explorations bounced up five cents to 18 cents. Noranda, earning a 75% interest i…
Spot prices at a glance (July 22, 1991)
Week’s Price (US) Change Gold* $369.20 – $ 1.00 Silver* $ 4.40 – $ 0.08 Platinum* $380.00 – $ 2.90 Nickel** $ 3.91 – $ 0.13 Lead** $ 0.25 $ 0.00 Copper{ $ 1.00 – $ 0.01 Zinc{{ $ 0.48 $ 0.00 Courtesy o…
Akiko-Lori’s suit dismissed
In early July, the British Columbia Supreme Court dismissed a lawsuit initiated by Akiko-Lori Gold Resources (VSE) against Ecstall Mining (VSE) relating to the Forgold property in northwestern British…
GOLD FUNDS (July 22, 1991)
BGR Central Net Value $9.52 $5.33 Price $8.63 $4.950 Discount 9.35% 7.1% Value $56,686,151 $83,280,285…
LETTERS TO THE EDITOR Ontario’s gold camps revisited
I am working on a book titled Gold in Ontario and would like to call on your readers for their help. The book will cover the historical growth of all of the gold camps in the province from Hastings Ct…