Nerco, Alta Gold open new mine
Officials of Alta Gold (NASDAQ) and Nerco (NYSE) held a dedication ceremony in early January to mark the opening of the 4,000-ton-per-day Elder Creek gold mine near Battle Mountain, Nev. The new mine,…
News
Noranda program boosts reserves at New World
Exploration success during the 1989 field season has resulted in a substantial increase in geologic reserves for the New World gold-silver-copper project owned by Crown Butte Resources (VSE). Prepared…
Dolphin requires government help on Cape Ray project
Dolphin Explorations (TSE) says it has received a final feasibility study on the Cape Ray gold project in southwestern Newfoundland which indicates that, under current economic circumstances, Cape Ray…
Pamorex drill results revive interest in Upper Beaver mine
Some innovative geological thinking has been used to define a new, interesting-looking drill target beneath the underground workings of the old Upper Beaver mine property, near Kirkland Lake, Ont. Pam…
Goldstake tailings project moves ahead
New mine development in and around the Black Hills of South Dakota might soon be halted. But that should not affect Goldstake Explorations’ (TSE) Whitewood Creek tailings project. President Robert Cle…
Metal Prices FUTURES PRICES (January 29, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan100.40 98.40 100.10 — 4.90 Feb 98.15 97.60 98.15 — 6.55 Mar 97.90 95.75 97…
Trillion to earn 90% interest of 54-million-tonne nickel bet
There is a lot of work still to be done to develop the huge Ivory Coast nickel deposit optioned recently by Calgary-based Trillion Resources (ASE). It could take as much as seven years and around $10 …
Cambior offering raises $86 million
The initial public offering of Cambior (TSE) raised the gold producer almost $86 million upon the recent exercise of the warrants, increasing the company’s cash account to about $136 million. Val d’Or…
Chevron shuts mine
Because of the deteriorating uranium market, Chevron Resources, a unit of Chevron (NYSE), has decided to shut its Mount Taylor mine near Grants, N.M. The mine will be placed on standby with ventilatio…
More gold for Placer
With the first bullion poured at the Granny Smith mine in Western Australia, yet another producing gold mine has been added to the Placer Dome (TSE) fold. Placer’s 75.8% owned Placer Pacific has a 60%…
Gold Vessel deal
Gold Vessel Resources (ASE) has entered into an agreement with St. Genevieve Resources (TSE) to buy the latter company’s interest in the Granada gold prospect near Rouyn, Que. Gold Vessel can buy a 40…
Labor dispute cited as cause for closing B.C.’s Sullivan mine
The surprise announcement by Cominco (TSE) to suspend production at the Sullivan mine has raised speculation the decision was partly the result of a smoldering labor dispute and not strictly a matter …