Noranda, Placer Dome open Mexican offices
North America’s top mining companies are moving in to take advantage of the Mexican government’s attempt to attract investment by allowing foreigners to purchase full control of local concerns. Norand…
News
Chilean government allows Placer to evaluate Andacollo
A wholly owned Chilean subsidiary of Placer Dome (TSE) was recently awarded the right to evaluate the feasibility of developing a mine at the Andacollo porphyry copper deposit in northern Chile. The a…
Better stakes claims near Fish Lake
About 8,000 hectares of ground in a block 5×16 km was recently staked by Better Resources (VSE) near Williams Lake, B.C. The ground adjoins the large Fish Lake copper-gold porphyry deposit owned by Ta…
Greenstone’s Oronorte on target
The Oronorte property, wholly owned by Greenstone Resources (TSE), an underground gold mining operation about 96 miles in a direct line north-northeast from here, went into production in November, 199…
Uranium, Rio in discussions
Uranium oxide producer Uranium Resources (TSE) reported meeting with representatives of Rio Algom (TSE) and its affiliates to explore the feasibility of Rio making a proposal to acquire Uranium Resour…
View from the West Multiple use requires clear leadership
About 6% of British Columbia is currently set aside as park land. The proposals made last year by the British Columbia provincial government regarding potential parks and wilderness areas go a long wa…
Toronto Stock Exchange Barrick, Newmont talks spark Franco-Nevada
Talk of a possible merger involving Newmont Mining and American Barrick Resources provided a much needed shot in the arm to a long suffering gold sector during the week ended May 28. Accompanied by a …
PEOPLE CANDORADO MINES
Tony Erlank appointed director.
Hycroft results pushed into red
A charge of $1.1 million from the realization of a foreign exchange loss pushed Hycroft Resources & Development (TSE) into the red. The exchange loss was the result of a sale of U.S. dollar denominate…
METAL PRICES PRODUCER PRICES (June 03, 1991)
ALUMINUM: MW U.S. Market US59-61 cents per lb. (May 16, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CADMIU…
Pegasus’ earnings hurt by shutdown at two gold mines
A drop in gold sales and lower metal prices brought reduced first-quarter earnings for Pegasus Gold (TSE) this year over last. Pegasus reported earnings of US$378,000 for the 1991 first quarter on rev…
PEOPLE JACQUELINE GOLD
Milton Zink appointed director and president succeeding Richard Pearson; Frank Varseveld appointed director and executive vice-president.