News


Mines Gaspe to develop new copper deposit

The Mines Gaspe division of Noranda (TSE) says it plans to proceed with the development of a new copper deposit at the company’s mining operation near Murdochville, Que. Development of the new orebody…


Outlook for platinum tied to autocatalysts

In 1989 the world platinum market paused for breath as demand for the white metal came more closely in balance with supply when compared with 1988. “Total demand for platinum in the Western World in 1…


1st-quarter earnings drop for Cons. TVX

Production problems and increased operating costs at Consolidated TVX’ (TSE) Novo Astro gold mine in the Amazon region of Brazil was reflected recently in the company’s first-quarter financial results…


IOCC GOLD OPTIONS (June 04, 1990)

Options Open Series Volume Last Interest Aug. 380 C 96 7.80 772 Aug. 390 C 140 5.50 1,185 Aug. 400 C 103 3.30 1,680 Aug. 430 C 220 0.50 1,237 Nov. 380 C 52 16.25 116 Nov. 400 C 68 9.50 210 Nov. 440 C …


Unexpected developments affect Audrey earnings

Some unexpected developments at Audrey Resources’ (TSE) Mobrun polymetallic mine near Rouyn-Noranda, Que., contributed to an unprofitable first quarter for the company. Audrey reported a net loss of $…


U.S.REPORT Uranium Resources plans production

Planning to increase annual production capacity from one million to more than four million pounds in the near future, Uranium Resources (TSE) has borrowed $23 million from Citibank. The 6-year credit …




High grade values found at Marlin bet

Partners Golden Marlin Resources (VSE) and Cameco are currently analyzing the results of a winter program at the Northwest gold joint venture near Yellowknife, N.W.T. Under an agreement, Cameco can ea…


Placer bids for Eskay

Placer Dome (TSE) has made an all cash offer of $67.50 per share for Stikine Resources (TSE), the 50% owner of the Eskay Creek property. Alternatively, shareholders have the option to take 3.5 common …


Hemlo, Mishibishu explore Pukaskwa River bet

Joint venture partners Hemlo Gold Mines (TSE) and Mishibishu Gold (VSE) have started a summer work program of backhoe trenching, sampling and prospecting on their 371-claim Pukaskwa River gold propert…


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