The gross proceeds of US$50.2 million realized by Coeur d’Alene Mines (NYSE) through the sale of two million of its shares last October will be used primarily to develop the Kensington and Fachinal go…
New York metals giant Amax (NYSE) succeeded in weathering both the recession and weak aluminum prices to post a substantial profit during fiscal 1990, albeit a smaller one than in 1989. For the year e…
Thomas Callaghan appointed president succeeding Brian Gilmer who resigned; David Pinkman appointed secretary-treasurer and director.
Lower copper, nickel and zinc prices added up to a fourth-quarter loss for Hudson Bay Mining & Smelting (TSE) and its parent Inspiration Resources (TSE). HudBay reported a loss of $2.3 million on reve…
Net earnings of US$8.01 per share have been reported by Liberian Iron Ore (TSE) for the year ended Dec. 31. A special dividend of US$11.38 per share has also been declared payable to shareholders of r…
Toronto-based Kingswood Explorations (TSE) has signed an option with a private company to acquire a 22-claim lithium property in Lacorne and Lamotte twps., about 40 km northwest of Val d’Or, Que. King…
A survey of 1990 mining tax legislation showed no clear winners in 27 states, reports Mining Cost Service, a publication of Western Mine Engineering of Spokane, Wash. An assortment of laws were passed…
It is politically impossible to rein in a bureaucracy of managerial environmentalists” that has overseen expenditures of US$10 billion since 1980 while implementing and administering Superfund progra…
Week’s Price (US) Change Gold* $360.00 — $ 3.75 Silver* $ 3.61 — $ 0.09 Platinum* $393.50 + $ 5.50 Nickel** $ 3.92 — $ 0.06 Lead** $ 0.27 $ 0.00 Copper{ $ 1.12 — $ 0.01 Zinc{{ $ 0.55 + $ 0.01 Cour…
Societe Miniere Sphinx (VSE) is diversifying into oil and gas. President Michel David said his company has bought (subject to regulatory approval) a 15% interest in a gas recompletion well in Alberta …
Noranda Minerals, a unit of Noranda (TSE), has decided to shut down operations this spring at its Mattabi and Lyon Lake base metal divisions, about 80 km north of Ignace, Ont. The company cited recent…
A 50-50 joint venture has been formed between Minera Rayrock (TSE) and Battle Mountain Gold (TSE) for the purpose of exploring a number of gold properties in Costa Rica. Initially, Battle Mountain wil…
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