PPDA to hold 8th triathlon
The eighth annual Great Porcupine Gold Rush Triathlon, organized by the Porcupine Prospectors and Developers Association (PPDA) in Timmins, Ont., will be held July 27. As in previous years, the triath…
News
Metall’s Copper Range costs unlikely to decline as forecast
Operating costs at the Copper Range mine in Michigan are unlikely to decline as much as originally anticipated, said Klaus Zeitler, president of Metall Mining (TSE), a subsidiary of West German mining…
EDITORIAL PAGE Juniors adapting to new rules
Could things be any worse for junior mining companies? These have to be some of the darkest days anyone in the industry has witnessed. Seldom has there been so little interest in the mineral explorati…
First-quarter results show turnaround for Royal Oak
The latest operating results from the Pamour group of companies reflect the success of a detailed turnaround program implemented by Royal Oak Resources (TSE) since it assumed direct managerial control…
EDITORIAL PAGE Dirty work?
Mining is all too often considered a dirty word when it comes to career choices. That image is changing as young people become aware of the variety of jobs available in the industry — not just engine…
Aranlee cuts Fire Mountain deal
A recently completed deal with Plaskey Development Enterprises gives Aranlee Resources (VSE) the right to earn up to an 80% interest in the Fire Mountain property in the New Westminster Mining Divisio…
GOLD FUNDS (June 03, 1991)
BGR Central Net Value $8.66 $5.05 Price $7.25 $4.650 Discount 16.28% 7.9% Value $51,575,297 $78,232,995…
Unlisted Trading Rhinelander results
Partners Placer Dome, Pelangio-Larder Mines and Quote Resources believe they have intersected the edge of a conductor stretching for several thousand feet along their Rhinelander property in northern …
Drilling at Holloway indicates zone tapers off down plunge
The latest results from the Holloway project indicate that the Lightning zone, which has been characterized by consistently strong widths and grades since its discovery in 1989, may be coming to a dra…
Piedmont chalks up loss due to lower gold price
A drop in gold prices as well as a decrease in ore grade pushed Piedmont Mining (NASDAQ) into a US$394,000 loss for the first quarter ended March 31. Piedmont reported net income of US$406,000 in the…
Cominco sells stake in Indian smelter
After-tax proceeds of about $2.4 million were realized by Cominco (TSE) from the recent sale of its 40% shareholding in Cominco Binani Zinc, a company which operates a zinc smelter in southern India. …
Montreal Exchange Share values jump
The stock market rallied during the week ended May 28, with the market portfolio jumping by 32.6 points and the mining and minerals index climbing by 44.7 points. Daily trading volumes ranged between …