Echo Bay suffers loss after Muscocho writeoff
Several factors, including a US$42.4-million (43 cents per share) writeoff of its investment in the Muscocho group of companies, have resulted in a first-quarter loss of US$37.9 million (43 cents per …
News
Westmin says Premier operating at breakeven
After a rocky start down the road to production, operator Westmin Resources (TSE) is reporting an improvement in mining operations at its 50.1% owned Premier gold mine near Stewart, B.C. The company s…
Low base metal prices hurt Hudson Bay Mining
Hudson Bay Mining and Smelting has become yet another victim of lower base metal prices in the first quarter of 1990. Despite an increase in nickel, copper and zinc production, Hudson Bay’s first- qua…
Workers on strike at South Porcupine mine
Close to 600 production and maintenance workers at the Dome mine of Placer Dome (TSE) in South Porcupine went on strike May 7. The members of local 7580 of the United Steelworkers of America voted 52….
U.S.Report Nebraska’s first uranium operation gains approval
It has taken longer than expected, but Ferret Exploration Co. of Nebraska was recently issued a permit by the Nebraska Department of Environmental Control allowing it to bring on stream the state’s fi…
Vancouver Stock Exchange Vancouver market sluggish
If the past week’s action on the Vancouver Stock Exchange were likened to a member of the animal kingdom, the beast most likely to come to mind would be a slug. The market has been unable to shake its…
Hecla shareholders set to vote on buying Bachelor Lake option
Arthur Brown, chairman, president and chief executive officer of New York-listed Hecla Mining has been elected to the board of directors of Acadia Mineral Ventures (TSE). The move clears the way for a…
U.S.Report Higher earnings for CoCa Mines
First-quarter earnings of US$798,700 (6 cents per share) on revenue of US$7.3 million were reported by CoCa Mines (TSE), compared with US$94,900 (1 cents per share) on revenue of US$4.1 million for th…
Giant Yellowknife records loss in first quarter (May 14, 1990)
A loss of $610,000 (7 cents per share) was reported by Giant Yellowknife Mines (TSE) for the first quarter, compared with a loss of $183,000 (2 cents per share) for the same 3-month period in 1989. Re…
Radisson financing
Regulatory approval for a private placement worth $2.1 million has been received, Radisson Mining Resources (ME) reports. The placement involves 3,387,090 shares at a price of 62 cents per share and w…
NovaGold plans takeover of Etruscan Enterprises
Continuing on the acquisition trend, NovaGold Resources (TSE) is planning a takeover of Etruscan Enterprises (VSE), an exploration company with two properties in the Northwest Territories. As part of …
Pegasus, Pioneer face off in legal battle
Court dates have been set for several ongoing disputes involving Pioneer Metals (TSE) and Pegasus Gold (TSE). The two companies’ falling-out can be traced back to November, 1988, when Pegasus loaned P…