Spot prices at a glance (May 21, 1990)
Week’s Price (US) Change Gold* $369.60 — $0.10 Silver* $5.02 + $0.02 Platinum* $486.60 + $10.35 Nickel** $3.86 — $0.18 Lead** $0.38 + $0.01 Copper- $1.21 — $0.10 Zinc– $0.79 — $0.05 Courtesy of S…
News
Curragh offered government help for Westray mine
Curragh Resources has received loan guarantees and interest buydowns from the federal government needed before getting the necessary debt financing to bring the Westray coal mine near Stellarton, N.S….
Safety important issue says new CDDA President
C.D. (Bud) MacDonald has been president of the Canadian Diamond Drilling Association for only several weeks, but already he expects that safety will be one of the more important issues to be dealt wit…
Merger puts Conwest back in mining
“It’s good to see Conwest Exploration (TSE) getting back in the mining business — and with a great mine, a real winner.” So said Graham Farquharson, president and founder of Nanisivik Mines, which op…
INSIDE Safety awards highlight luncheon
N. Morissette Canada scooped up three awards at a special safety luncheon during the Canadian Diamond Drilling Association’s annual meeting in Vancouver. Page B7…
Epp urges miners to voice land-use views
At the 8th annual mineral outlook conference held in Ottawa recently, Minister of Energy, Mines and Resources Jake Epp advised miners to get involved early in the consultation phase on the issue of la…
Multi-purpose drill rig system seen as a major innovation for the
Hailed by some as the most exciting and innovative development in the drilling industry since the introduction of the wire-line core system, the multi- purpose drill rig system is expected to adapt we…
Toronto Stock Exchange Familiar factors combine to depress share
In a week when the Canadian government was offering a 11.5% return on Canada Savings Bonds, it was hardly surprising that equity investors were taking their profits and sheltering their money elsewher…
B.C. increases grants
Mineral prospectors will get help from British Columbia’s $500,000 Prospector’s Assistance and Training program. “These grants help the prospectors of today search for the mines of tomorrow,” said Min…
Gulf takes Asamera off selling block
Gulf Canada Resources has taken the “for sale” sign off the U.S. and Canadian mineral assets of subsidiary Asamera Minerals (TSE). At Asamera’s recent annual meeting in Calgary, Chairman Chuck Shultz …
Placer Dome’s output rises 46% in quarter
First-quarter gold production for Placer Dome increased by 46% (TSE) to 337,000 oz., compared with 230,000 oz. in the comparable year-earlier period. New mines not in production a year ago added 120,0…
Alberta Stock Exchange Storimin gains 12 cents
A handful of junior gold mining stocks managed to shake their lethargy and post modest gains for the week ended May 15. Among the advancing issues was Storimin Explorations which holds a 50% stake in …