Hemlo Gold charged in spill
A cyanide spill in March, 1990, at the producing Golden Giant gold mine of Hemlo Gold Mines in the Hemlo area of northern Ontario has resulted in the laying of charges by the Ontario and federal gover…
News
NEWS IN BRIEF Lectus Development Ltd.
Lectus Development Ltd. (LDV:VSE) has changed its name to Swannell Minerals Corp. (SNL:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Royal Trust Co.
Higher revenue for LAC but earnings down a third
Both LAC Minerals (TSE) and subsidiary Bond Gold International reported higher revenues for the first quarter of 1991. While revenues at LAC were US$131.4 million, up from US$111.4 million a year ago,…
Spot prices at a glance (May 27, 1991)
Price (US) Week’s Change Gold* $356.75 — $ 3.50 Silver* $ 4.09 — $ 0.03 Platinum* $392.75 — $ 0.15 Nickel** $ 3.66 — $ 0.13 L…
Diana awaiting results of deep holes on Chevrier bet
Vancouver-based Diana Resources (VSE) is awaiting the completion of a deep hole next to its Obatogamau property near Chibougamau, Que. Collared to test extensions of the zone Chevrier, a discovery ma…
With four contracts in hand, Deak planning mill expansion
Ambitious plans to turn the Kerr mill at Virginiatown, Ont., into a processing centre for gold and base metal miners in the Kirkland Lake region are rapidly taking shape. Since it acquired the 50-year…
TORONTO STOCK EXCHANGE INDICES (May 27, 1991)
May 21 May 20 May 17 May 16 May 15 HIGH LOW Composite”300″ 3447.63 Holiday 3449.74 3456.18 3444.71 4009.47 3009.91 Metals & Minerals 2991.77 Holiday 2997.42 3017.76 3007.73 3453.06 2502.6…
High fixed costs make volume key to Greens Creek success
Even though mesothermal vein-type gold deposits are most often associated with Juneau’s rich mining past, the district’s first new producer is a massive sulphide deposit that turns out significant amo…
Agnico reports quarterly loss
Lower gold prices and reduced production contributed to a net loss during the first quarter of the year, Agnico-Eagle Mines (TSE) reported. The company recorded a loss of $3.1 million compared to a ne…
Kennecott, NovaGold form joint venture on Sewell Brook
Kennecott Canada, the recently revived exploration arm of Kennecott, is planning to make a substantial investment in the Plaster Rock area of New Brunswick. As part of a recent agreement, Kennecott w…
Silver price puts squeeze on Hecla’s Lucky Friday
Pocked with old mining workings, Idaho’s “Silver Valley,” officially known as the Coeur d’Alene mining district, has produced more than US$4 billion in metals over the past century. As the name would…
Denison to sell Zemex interest
An agreement to sell its 33.9% interest in Zemex Corp., a producer of industrial minerals and mineral powders in the U.S., for US$8.6 million has been entered into by Denison Mines (TSE). In addition…