Homestake expects quarterly loss
A first-quarter loss of about US$3 million is expected by Homestake Mining in part because of a flagging gold price and lower gold production. In addition, the company has experienced increased costs….
News
Smelter union rejeacts offer, Brunswick strike continues
Employees at Brunswick Mining & Smelting’s (TSE) zinc mine and smelter near Bathurst, N.B., will remain on strike rather than accept a “final offer” from the company, says Phil Best, a representative …
NEWS IN BRIEF Tyranite Mines
Management of Tyranite Mines (CDN) resigned recently to make way for a new board of directors consisting of Ross McGroarty, Marilena Fuda and Suzanne McGroarty, all of Toronto. In addition, 1.3 millio…
NEWS IN BRIEF Colchis Resources Ltd.
Colchis Resources Ltd. (CLK:VSE) has changed its name to Northewan Minerals Corp. (NTW:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Pacific Corporate Tr…
OBITUARY Jack Davis
Jack Davis died at his West Vancouver home recently. He was 74. Davis had been British Columbia’s Minister of Energy, Mines and Petroleum Resources since 1986. Davis was born in Kamloops, B.C., and gr…
Giegerich to speakat CIM luncheon
Hank Giegerich, former president of Cominco Alaska, will address the audience at a luncheon meeting, April 25, at Toronto’s Royal York Hotel. The gathering is sponsored by the Toronto branch of the Ca…
Vangold drilling returns 15 ft. grading 0.41 oz. gold per ton
Recent drilling by Vangold Resources (VSE) intersected 14.8 ft. grading 0.41 oz. gold per ton on the Gertrude property in the historic Rossland mining camp of southern British Columbia. The camp is be…
Diamond search extends to Alberta
The search for diamonds has now expanded from Saskatchewan into Alberta, and evidence suggests the claim of 6,000 sq. km in northern Alberta belongs to Monopros, the Canadian arm of South Africa’s De …
PRODUCER PRICES (April 15, 1991)
ALUMINUM: MW U.S. Market US65-68 cents per lb. (Mar. 27, 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). CADMIUM:…
First week in June set for Ontario Mining Week
The Ontario Mining Association, in co-operation with the Prospectors and Developers Association of Canada, Ontario’s Ministry of Northern Development and Mines, the Canadian Institute of Mining, Metal…
Aurtec plans final feasibility in Gabon
Aurtec Mining Development (ME) is trying to raise $500,000 to conduct a final feasibility study on its Bakoudou gold property in Gabon, Africa. Detailed exploration work on the property has outlined a…
Simkar project ships first ore to Belmoral mill
Production recently commenced at the Simkar gold mine of Ronrico Explorations (VSE) following the shipment of 10,500 tons of ore and development muck to Belmoral’s (TSE) mill near Val d’Or, Que. Ronri…