Canamax ups output despite 1989 losses
Even though Canamax Resources (TSE) succeeded in almost tripling its annual gold production last year, the Vancouver-based company couldn’t quite break into the black. Canamax reported a net loss of $…
News
Newhawk obtains Sulphurets feasibility
A draft feasibility study by Cominco Engineering Services on the Sulphurets gold- silver project north of Stewart, B.C., was recently presented to partners Newhawk Gold Mines (TSE) and Granduc Mines (…
Latest approval for Snip cents project
The Snip gold project in the Iskut River Valley of northwestern British Columbia has been given approval-in-principle by the British Columbia government’s mine development review process. It is operat…
Normetal, La Sarre deal with Cominco
Affiliated companies Normetal Mining (ME) and La Sarre Mining (ME) have struck a deal with Cominco (TSE) to fund exploration on the former companies’ claims adjoining the past-producing Normetal coppe…
Halfmile property completes claim puzzle
When Noranda (TSE) and Trelleborg teamed up last year to buy base metal miner Falconbridge Ltd., the two multinationals got more than nickel mines and the Kidd Creek mine in northern Ontario. They als…
Toronto Stock Exchange Indices (March 26, 1990)
Mar. 20 Mar. 19 Mar. 16 Mar. 15 Mar. 14 HIGH LOW Composite “300” 3744.60 3772.13 3760.70 3757.39 3734.63 4009.47 3649.49 Metals & Minerals 3252.39 3287.07 3268.20 3254.57 3175.55 3453.05 2921.03 Integ…
SMA fights hazards
The Saskatchewan Mining Association (SMA) has recently announced an environmental policy as it stresses the importance of its contribution to economic growth in the province. The policy, endorsed by a…
Newmont shrugs off speculation about new Carlin gold find
Management of Euro-Nevada Mining (TSE) is waiting to hear if Newmont Gold’s (NYSE) latest discovery on the Carlin gold trend in Nevada is going to live up to its name. Situated about 200 ft. from the …
International Coast hosts Soviet delegation
A delegation from the Soviet Union visited Vancouver in early March to discuss mining industry opportunities that are becoming available in that country because of economic reforms under perestroika. …
Spot prices at a glance (March 26, 1990)
Week’s Price (US) Change Gold* $389.90 — $8.90 Silver* $5.05 — $0.04 Platinum* $486.75 — $15.75 Nickel** $4.66 + $0.53 Lead** $0.49 — $0.06 Copper- $1.20 + 0.02 Zinc $0.80 + $0.01 Courtesy of Scot…
Ennex set to study Scottish gold bet
Northgate Exploration’s (TSE) 33% owned affiliate Ennex International is moving one step closer to bringing Scotland’s first gold mine into production by 1991. Dublin-based Ennex says it has commissio…
Varna drilling reveals downdip extensions of Lightening gold zone
A drilling program launched earlier this year on the Ming’s Bight property in Newfoundland is confirming strike and downdip extensions of two separate gold zones. Varna Gold (ASE) says Corona (TSE) ha…