Horsham earnings up 46% in quarter
The controlling shareholder of American Barrick Resources (TSE), Horsham (TSE), achieved record second-quarter earnings, thanks to the performance of its oil producing subsidiary. Horsham said net ear…
News
Ascot, Beauchamps have gold assays
Joint venture partners Ascot Resources (VSE) and Beauchamps Exploration (VSE) say they have identified two anomalous zones of gold and base metals mineralization on their Kiniskan Lake property, 112 m…
American Mining Congress
The American Mining Congress (AMC) has recommended the adoption of specific provisions in the final U.S. clean air bill to “preserve a viable domestic mining industry.” The provisions, submitted to th…
Alberta Stock Exchange Durvada moves ahead
Although gold slipped below US$400 per oz. after reaching US$406 earlier in the week, a number of Alberta issues benefited from a rally sparked by continuing tensions in the Middle East. During the we…
FUTURES PRICES (August 20, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug — — 134.00 + 6.50 Sept — — 132.85 + 5.55 Oct — — 129.85 + 4.40 SILVER (in US cents per oz.) Aug — — 5…
PROFILE Goldbelt’s Muzylowski turns vision into ore
The Galore Creek area, part of the Golden Triangle in northwestern British Columbia, is teeming with geologists hunting for precious metal and polymetallic deposits. Among the active players is Goldbe…
Placer promises $53 million to gain stake in Mt. Milligan
Perhaps taking a cue from rival Corona’s wheeling and dealing in the Eskay Creek saga, Placer Dome (TSE) has secured a lockup agreement with certain shareholders of Continental Gold (TSE) whereby they…
U.S. REPORT Infill drilling on Crown Jewel shows continuity
Drilling on the Crown Jewel project in northeastern Washington State continues to return encouraging results. Battle Mountain Gold (NYSE) is earning a 51% interest in the project from Crown Resources …
Cambior reports earnings of $6.9 million as output increases,
Net earnings of $6.9 million (22 cents per share) on revenue of $39.2 million were recorded by Cambior (TSE) for the second quarter, compared with $5.2 million (22 cents per share) on revenue of $30.2…
Agnico breaks out red ink despite production increase
The recent merger with Dumagami Mines may have boosted Agnico-Eagle Mines’ (TSE) second quarter gold output but the Toronto-based company is still operating in the red. Agnico-Eagle reported a net los…
Dome mine plan for Timmins
A new long-term mining plan has been completed by Placer Dome (TSE) for the company’s high-cost Dome gold mine at Timmins, Ont., where 587 unionized Steelworkers have been on strike since May 7. The p…
Bond, Kenora settle Shoal Lake dispute
A legal battle between Kenora Prospectors and Miners (COATS) and Bond Gold Canada concerning the Shoal Lake mining claims in northwestern Ontario has been settled. To end the year-old litigation betwe…