Siderock drilling
Privately owned Siderock Gold is planning a 30-hole overburden drilling program this winter on its Joe 3 & 4 claim group situated about eight miles east of the former San Antonio gold mine in Manitoba…
News
Abitibi, Golden Rule settle Douay project
Calgary-based Northern Abitibi Mining (ASE) and Golden Rule Resources (TSE) have settled their legal dispute with partners Inco (TSE), Vior (ME) and Cambior (TSE). The legal dispute erupted between th…
METALS PRICES FUTURES PRICES
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 107.40 106.35 106.50 –2.15 Feb 107.10 106.00 106.85 –1.90 Mar 106.40 105.00 105.95 –1.75 SILVER (in US cen…
USMX, INC.
James Knox, Gregory Pusey and John Willson appointed to an interim executive committee of the board of directors; Keith Hulley resigned as president and director.
Alcan earnings tumble in 1990
Fourth-quarter net income picked up for Alcan Aluminum (TSE) but the Montreal-based aluminum producer saw its overall earnings dip in 1990 to US$543 million from US$835 million for the previous year o…
Keno mines on hold
In view of recent silver prices, management of United Keno Hill Mines (TSE) decided not to begin commercial production at its silver-lead-zinc properties in the Keno-Galena Hills area of the Yukon. Th…
EDITORIAL PAGE The wasted potential of COATS
The transfer of authority for Ontario’s over-the-counter securities market from the Ontario Securities Commission to The Toronto Stock Exchange dooms unlisted stocks in the province to a feeble market…
EDITORIAL PAGE Retail investors
If the Ontario’s securities overseers are convinced that small investors are no longer wanted, they should go ahead with its plan to charge a flat rate of 50 cents for every trade made on The Toronto …
Lawsuit against Goldcorp dismissed
A legal action commenced in 1989 in the Massachusetts district court against Toronto-based Goldcorp Investments (TSE) was recently dismissed by the presiding judge for the case. A spokesman for Goldco…
Teck bows out of Platinova play
Vancouver-based Teck (TSE) has withdrawn from participation in the East Greenland gold-platinum project of Platinova Resources (TSE), the latter company reported. Toronto-based Platinova said an assay…
COATS (over-the-counter) Strike soars to 65 cents
Confirming a base metal find on their property near Matachewan, Ont., Strike Minerals soared to new highs for the week ended Jan. 22, gaining 20 cents to close at 65 cents on a volume of 509,700. Part…
Cominco discovers large copper-gold porphyry in Alaska
Just when it seemed junior companies were stealing the limelight in making discoveries, a unit of Cominco (TSE) announced it had discovered a porphyry-style copper-gold deposit at its Pebble Beach pro…