Timmins Nickel producing again
Junior nickel miner Timmins Nickel (TSE) has resumed production and is increasing output at its 51% owned Redstone mine near Timmins, Ont. The company says it will return to an annual production rate …
News
US$9.3 million budget for Fort Knox
The development of the Fort Knox property, near Fairbanks, Alaska, is scheduled to resume May 1. Fairbanks Gold (VSE), 51% owner of the property and the project operator, plans to spend US$9.3 million…
Strike at Doyon Mine ends
The strike at the Doyon Mine in northwestern Quebec has ended. Doyon is owned by equal partners LAC Minerals (TSE) and Cambior (TSE). The 380 hourly employees, who have been on strike since Feb. 4, vo…
B.C. exploration programs during 1989 raised profile of key base
deposits Last year was an exciting time for new discoveries in British Columbia, and also a year of change for mineral exploration. Junior exploration companies maintained a prominent role on the prov…
Exploration programs key on base metal prospects
Even though base metal prices have softened, the mining industry is in better shape now than it has been for many years, and exploration directed toward polymetallic deposits is still being conducted …
Northern shareholders sue Canamax
A group of Alberta-based shareholders of Northern Minerals (TSE) who lost a small fortune after the company ran into financial difficulties two years ago, are suing Northern and former joint venture p…
PRODUCER PRICES (March 12, 1990)
ALUMINUM: MW U.S. Market US67.50- 70.00cents per lb. (Mar. 1, 1990). ANTIMONY: New York dealer US84-86cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CADMI…
Ottawa puts an end to CEIP grant scheme, flow-through still in
for exploration Dismemberment of the Canadian Exploration Incentive Program (CEIP) by the federal government in its 1990 budget announcement follows a year in which the national financing scheme for g…
Substitution trends in Steel industry
An economic analysis of general trends determining to what extent the reduction in steel intensity in the industrialized countries is ascribed to the substitution of steel for other materials, such as…
Long Range busy on Newfoundland claims
After raising $525,000 in its first public share offering, Long Range Resources (ASE) is gearing up to explore several gold properties in Newfoundland this spring. The main focus of this year’s work w…
Cash flows for Cheni
Gold and silver miner Cheni Gold Mines (TSE) reported net earnings for the year ended Dec. 31 of $4 million, or 36 cents per share, on revenues of $26.7 million. Since 1989 marks the first year of pro…
Gold production up, net income down
Although gold production was up 25.5% over last year, net income for Coeur d’Alene Mines (AMEX) dropped. The company reported net earnings for the year ended Dec. 31 of US$9.4 million (or US94 cents p…