Metal Prices FREE MARKET (August 20, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date August 14 August 13 August 10 August 9 August 8 Copper 1559-1560 1582-1583 1615-1617…
News
Corona boosts gold output by 15% but earnings drop during first
Although Corona’s (TSE) first- half gold production increased by 15% in 1990, lower gold prices and the strong Canadian dollar resulted in an earnings drop for the gold producer. For the first six mon…
Eldorado facing pollution charges
Twenty-one charges have been laid against Eldorado Mines by the Quebec government relating to arsenic-contaminated soil at an abandoned mine near the small community of Duparquet, Que. Ten of the 21 c…
EDITORIAL PAGE Quebec loses by staying away
When federal and provincial mines ministers gather in Winnipeg, Man., this month, there will be one delegation noticeable by its absence. Quebec has chosen not to participate in this year’s conference…
COATS (over-the-counter) Eastern gold search
At the Shamrock property in Newfoundland, Eastern Goldfields continues to search for the source of gold previously discovered in soil samples. To date, more than 4,000 grains of gold, ranging in size …
Noranda baffled by vanishing Karpa Spring gold find
What had at first appeared to be a significant new gold discovery in the Karpa Spring region of Western Australia has turned out to be a disappointment for joint venture partners Noranda (TSE) and Per…
Record production fails to improve Hope Brook results
Despite record production at Hope Brook Gold’s (TSE) underground gold mine on the southwest coast of Newfoundland, lower gold prices and high production costs continue to hurt the company’s balance sh…
Metal Prices FREE MARKET (August 13, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date August 7 August 6 August 3 August 2 August 1 Copper 1562-1564 1492-1550 1547-1550 15…
Noranda defers Lynne results
Further results from the Lynne project in Wisconsin, where Noranda (TSE) made a major zinc discovery in June, will not be released until Aug. 21, said Walter Nash, director of U.S. exploration. Nash s…
BLM Mines closes United Keno deal
Sudbury-based Bharti Laamanen Mining says its wholly owned subsidiary BLM Mines has completed the purchase of Falconbridge Ltd.’s 44.8% stake in United Keno Hill Mines (TSE). Under terms on the deal, …
Board prepares for showdown with Sherritt shareholders
A showdown between the board of Sherritt Gordon (TSE) and a group of minority shareholders who are attempting to win control of the company is expected to occur at a special shareholders’ meeting in T…
Mining enthusiast enjoys behind-the-scenes work
While out to lunch the other day, some friends suggested that one Leon LaPrairie just might be an admirable subject for this column, pointing out how much behind-the-scenes good work this mining enthu…