COATS (over-the-counter) Windy up 50 cents
Shares of Windy Mountain Explorations responded positively to confirmation of a large, low- grade copper discovery on the MacLeod Lake property north of Chibougamau, Que., jumping 50 cents to close at…
News
Franco-Nevada’s 1990 plans focus on Hemlo gold claims
An after-tax profit of $3.5 million reported recently by Franco- Nevada Mining (TSE) was attributed by the company to a royalty held on American Barrick Resources’ (TSE) Goldstrike gold mine in Nevada…
Giant, Pamorex set production date at Nighthawk Lake
Commercial production on the Nighthawk Lake property near Timmins, Ont., will be under way within two years, according to a recent agreement between Giant Yellowknife Mines (TSE) and property owner Pa…
Pay contract terms of Childers leaked
The president of Potash Corp. of Saskatchewan has a 5-year contract which pays him $700,000 per year. Details of C.E. Childers’ salary agreement with the Saskatchewan government were recently leaked t…
Ontario prospectors to get $30 million in exploration incentives
Ontario has allocated $30 million in incentives for mineral exploration in the province over the next three years. Provincial Treasurer Robert Nixon included the allocations in his 1990-91 budget unve…
No plans to close producing mine, Skyline says
Gold producer Skyline Gold (TSE) has no plans to close its wholly owned Johnny Mountain mine in the Iskut River camp of northwestern British Columbia. Skyline President William Price said rumors of an…
Spot prices at a glance (April 30, 1990)
Week’s Price (US) Change Gold* $374.80 + $0.10 Silver* $5.02 — $0.07 Platinum* $480.75 + $2.75 Nickel** $4.29 + $0.36 Lead** $0.37 — $0.01 Copper- $1.22 Zinc $0.80 + $0.06 Courtesy of Scotiabank. In…
Montreal Exchange: Prices in decline (April 30, 1990)
The decline continued on the ME, with the market portfolio down more than 61 points and the mining and minerals index off by more than 92 points for the week ended April 24. Daily trading volumes were…
The Inco barometer
If there’s one company that is synonymous with Canada’s mining industry, it’s Inco. That’s not to say that the nickel producer represents all things about Canadian mining. It doesn’t. Looking at Inco …
Insider Trading Aur, Stikine execs. primed for windfall
Over the past couple of months, mining insiders were busily increasing their exposure to any future developments at the Eskay Creek, B.C., and Louvicourt Twp., Que., exploration projects. Buyers inclu…
Manville seeking buyer for its stake in Stillwater mine
Denver-based Manville (NYSE) is looking to sell its 50% interest in the Stillwater mine, the world’s only economically viable primary source of platinum group metals outside South Africa. Manville, an…
Money-losing Hope Brook keys on four problems
Management of Hope Brook Gold (TSE) is under heavy pressure this year to bring about a turnaround in operations at the company’s problem-plagued gold mine on the southwest coast of Newfoundland. Last …