Venezuela lures Jordex Resources
Vancouver-based Jordex Resources (VSE) recently formed a Venezuelan joint venture company called Cofemina whose main objective will be to acquire base and precious metal properties in that South Ameri…
News
Thios,Eurus target Black Dog horizon
Assay results have been released by partners Thios Resources (VSE) and Eurus Resource (VSE) from 13 of 18 holes drilled on the Rock & Roll property in the Iskut River district of northwestern British …
U.S. REPORT Coeur d’Alene continues gold development program
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…
Amax profit down from 1989 due to weak aluminum price
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…
PEOPLE MENDOCINO RESOURCES
Thomas Callaghan appointed president succeeding Brian Gilmer who resigned; David Pinkman appointed secretary-treasurer and director.
Lower base metal prices slash profit at HudBay
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…
Liberian earnings (March 04, 1991)
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…
Kingswood options Lithium property
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…
U.S. REPORT New tax laws in 27 states a mixed bag, survey finds
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…
Health and safety issues should be industry focus
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…
Spot prices at a glance (March 04, 1991)
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…
Sphinx buying into gas well
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 …