South Kemess may be next porphyry elephant
The discovery and development of the Mt. Milligan porphyry copper-gold deposit generated an exploration rush for the next elephant in British Columbia’s Quesnel Trough, particularly since Placer Dome’…
News
P.T. Inco earnings decline by 60% in 1990
P.T. Inco, like its parent, Inco…
PRODUCER PRICES (February 25, 1991)
ALUMINUM: MW U.S. Market US66.50-68.50 cents per lb. (Jan. 31, 1991). ANTIMONY: New York dealer US80-83 cents per lb. (Jan. 31, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CA…
Best output at Con in 50 years
The Con mine produced 117,116 oz. gold in 1990, establishing a new annual production record for the underground operation which has churned out gold for more than 50 years on the outskirts of Yellowkn…
Inco shuffles top executives
As part of several changes in the executive ranks at Inco (TSE), Donald Phillips will step down as president of the company and continue as chairman and chief executive officer. Michael Sopko, 52, wil…
Scintilore drops gold mine claim (February 25, 1991)
Private companies Orapro Resources and Shannon Oils are planning to conduct a joint exploration program to search for diamond-bearing kimberlites in western Manitoba and eastern Saskatchewan. Shaun Sp…
Corona chairman resigns
Ned Goodman has resigned as chairman of Corona (TSE) to concentrate on his merchant banking and investment counselling business. Taking his place is Norman Anderson, former president and chief executi…
GOLD FUNDS (February 25, 1991)
Gold funds as of Feb. 19 BGR Central Net Value $9.04 $5.09 Price $7.75 $4.600 Discount 14.27% 9.6% Value $53,817,306 $77,391,780…
LETTERS TO THE EDITOR One spoke that started the Noranda wheel
I have read with interest the profiles of people who have been inducted into the Canadian Mining Hall of Fame (T.N.M., Jan. 14/91) since it started in 1989. There have been hundreds of people involved…
OBITUARY Marcel Konings
Marcel Konings, Holland-born geophysicist, died recently in a car accident in Zimbabwe. He was 39. Holder of a B.A.Sc. degree from the University of Toronto, Konings specialized in geological engineer…
Vancouver Stock Exchange Eurus and Thios results disappoint
Although the Vancouver Stock Exchange’s composite index remained virtually unchanged at the 524-level, the resource index did an about-face during the week ended Feb. 19, dropping 27.46 points to 557….
Agnico completes 61 holes at Eagle West gold discovery
More than 31,000 ft. of surface drilling in 61 holes have been completed by Agnico-Eagle Mines (TSE) at its Eagle West zone showing in northwestern Quebec, the gold-silver producer reports. Original d…