Akiko options two Ontario gold bets
Vancouver-based Akiko-Lori Gold Resources (VSE) has reached an agreement in principle with Gold Fields Canadian Mining to earn a 50% stake in two gold prospects situated south of Kirkland Lake in nort…
News
Crown drops Goldfields option
After completing a due diligence review, Crown Resources (VSE) has dropped its option to acquire a package of properties and equipment from Nevada Goldfields (TSE). The transaction was valued at about…
TRAPPER RESOURCES
Gerry Curtis appointed president and chief executive officer and director succeeding Hugh Cameron who has resigned but continues as a director; Neil Paget appointed chairman of the board.
Princeton president confident of healthy balance sheet
With net earnings of $2.3 million for the 1990 first quarter, Princeton Mining (TSE) is still firmly in the black and paying dividends even though this year’s results are off considerably from the 198…
While others struggle Corona doubles earnings
At a time when high interest rates and the strong Canadian dollar are sending corporate profits on a downhill slide, Corona (TSE) has managed to buck the trend, doubling its first-quarter earnings to …
Claude awaits final feasibility for Seabee bet
Results of an underground exploration program on the Seabee gold deposit in northern Saskatchewan have been incorporated in an updated reserve report which will form part of the soon-to-be-completed f…
Placer Dome sells oil and gas unit
Oil and gas operations owned by Placer Dome (TSE) in the U.S. will be sold to the Prairie Producing group of companies of Houston, Tex., a subsidiary of Unocal Corp. of Los Angeles. The international …
U.S.Report Asarco enhances expansion program of copper works
An enhanced US$350 million program to expand and modernize copper production facilities has been announced by Asarco (NYSE). Additional expenditures at the Ray mine in Arizona and the El Paso smelter …
OBITUARY (May 14, 1990)
Donald Hurd, a well-known prospector, died in Kirkland Lake, Ont., May 5. He was a member of both the Prospectors and Developers Association and the Canadian Institute of Mining and Metallurgy. Born i…
U.S.Report South Dakota mining under renewed attack
Now that the mining-initiated 2-year moratorium on new mine development is law in South Dakota, the mining industry’s foes are at it again. Environmental groups are gathering support for a statewide i…
Editorial Selling gold is a short-term solution
The Canadian government has sold almost six million ounces of gold since the end of 1979 when John Crosbie, as finance minister, initiated the policy saying it would help reduce Canada’s deficit. Sinc…
Higher gold production for LAC in 1st quarter
Increased gold production and lower net earnings have been reported by Toronto-based LAC Minerals (TSE) for the first quarter of 1990, reflecting the consolidation of 65% owned Bond International Gold…