Mackiw honored at AIME banquet
Vladimir Mackiw, retired executive vice-president of Sherritt Gordon, was recently honored by the American Institute of Mining, Metallurgical and Petroleum Engineers (AIME) at its annual banquet. Mack…
News
Princeton earnings drop
Higher costs and lower revenues brought about a sizable drop in earnings for Princeton Mining (TSE) in 1990 over the previous year. Princeton reported earnings of $10.8 million for 1990, a significant…
Forbex buys Poirier stake
Forbex Mining (ME) has reached an agreement with Bonanza Metals (ASE) to acquire the latter company’s 50% interest in the past-producing Poirier base metal property in northwestern Quebec. The deal ca…
Homestake gives to Golden Bear
Despite writing down its investment in North American Metals (TSE) by US$32.2 million last year, Homestake Mining (NYSE) recently provided the company about $2.3 million in additional financing. North…
METAL PRICES FUTURES PRICES (March 25, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) Mar 107.85 107.10 107.40 – 3.70 Apr 106.50 106.00 106.80 – 2.45 May 106.20 105.20 105.95 – 2.30 SILVER (in US cen…
U.S. REPORT Pegasus to option Fischer property
A letter of understanding has been signed by Pegasus Gold (TSE) and Fischer-Watt Gold (NASDAQ) allowing Pegasus to earn a 77% interest in the Emigrant Gulch prospect in Park Cty., Mont. To earn the in…
Noranda earnings to drop in 1991
Toronto-based Noranda (TSE) foresees lower earnings and cash flows in its four operating divisions this year unless there are unexpected increases in commodity prices or a drop in the value of the Can…
Equinox plans third mine operation
With the Feb. 27, 1991, unofficial start-up of its 100%-owned Van Stone zinc mine in Washington State, Vancouver-based Equinox Resources (TSE) is rapidly evolving into a top-class mine developer. The …
Grevet project keeps growing for partners VSM, Serem
Partners VSM Exploration (TSE) and Serem-Quebec expect to have a few surprises in store when they table results of a pre-feasibility study at the Grevet Twp. base metals project near Quevillon, Que. W…
Vancouver Stock Exchange Resource index in small decline
In a week of backtracking on major markets, the VSE composite index remained virtually unchanged at the 560 level while the resource index shed 7.21 points to finish the period ended March 19 at 5689….
People Emerald Star Mining Explorations
Norris Proskin appointed a director succeeding Rodney Smith.
LETTERS TO THE EDITOR Lifting diamond miners’ secrecy
Saskatchewan, as well as most of Canada, has the positive geological feature of being on the largest craton in the world, and relative to the Siberian and South African cratons, should contain hundred…