Granges to fight Abermin lawsuit
A trial date of Nov. 5 has been set in the Supreme Court of British Columbia for a $17.6-million lawsuit by Abermin (TSE) against Granges (TSE). Abermin is Granges’ joint venture partner at the Tartan…
News
Reserve estimate announced for Eskay Creek
A long- awaited independent preliminary calculation of reserves and grade was announced by Calpine Resources (VSE) and equal partner Stikine Resources (TSE) for the 21 zone discovery on the Eskay Cree…
More production cuts by Inco
Further production changes aimed at reducing costs have been announced by nickel producer Inco (TSE). As of March 1, the lowest-grade, highest-cost mine in the company’s Ontario division, Creighton No…
Newmont’s 1989 income down despite increase in sales
Denver-based Newmont Mining (NYSE) reported unaudited net income of US$123.9 million, or US$1.84 a share, for the year ended Dec. 31, compared with US$174.9 million, or US$2.60 a share, in 1988. Newmo…
Henry Kissinger speaks at Boston conference
Henry Kissinger, former U.S. secretary of state, will be the keynote speaker at the International Investment Conference to be held in Boston on May 29. This conference will bring together top mining a…
Kettle River a jewel for Echo Bay, Crown
The Kettle River project is the newest operating mine in Washington State, and owners Echo Bay Mines (TSE) and Crown Resources (VSE) appear to be pleased at how smoothly the operation came on stream. …
Spot prices at a glance (February 26, 1990)
Week’s Price (US) Change Gold* $420.60 +$ 4.60 Silver* $ 5.34 +$ 0.05 Platinum* $531.15 +$15.05 Nickel** $3.28 +$ 0.13 Lead** $0.38 +$ 0.03 Copper-$ 1.10 +$ 0.05 Zinc $0.65 +$ 0.03 Courtesy of Scotiab…
U.S. Report Nevada mining ventures not restricted to majors
It is easy to get the mistaken impression that small to mid-sized companies, stacked alongside giants like Newmont Mining (NYSE) and American Barrick Resources (TSE), aren’t playing much of a role in …
COATS (over-the-counter) Hucamp up 30cents
Shares of Hucamp Mines posted a gain of 30cents to close at 40cents for the week ended Feb. 20, after being dormant at the 10-15cents range in recent months. The company holds ground adjacent to Noran…
Cameco, Troymin deal
Trimin Resources (TSE) and Cameco have acquired an option from Troymin Resources (ASE) to purchase a 51% interest in 15,000 acres of land along the Hanson Lake polymetallic trend in Saskatchewan. The …
U.S. Report Eagle Lake in Nevada
Drilling is under way on a gold property near Eureka, Nev., being explored by Eagle Lake Explorations (ASE), following the signing of a recent option agreement with American Ruby Mines. According to E…
Montreal Exchange Casa Berardi interest
Investor attention continues to be directed toward Quebec’s Casa Berardi area where a couple of seniors and a junior pulled an encouraging drill hole in a joint project in Douay Twp. Four initial hole…