Prefeasibility shows potential for Mel project
Operating costs at Breakwater Resources’ (TSE) Mel zinc property have been estimated at $18 per tonne for the open pit and $32 per tonne for the underground operations. The recently completed prefeasi…
1989
Jan 1, 1990
It was no secret that Alf Powis and Noranda Inc. (TSE) wanted Falconbridge Ltd. Noranda had been foiled once before in a takeover bid for the free world’s second largest nickel producer and its lucrat…
Toronto Stock Exchange Major indices advance on stable commodity
All the main mining indices firmed today, Dec 20, a trend which was reflected in the composite’s gain of 4.35 points to close at 3920.15 points. Both metals and minerals and gold and silver registered…
People (December 25, 1989)
ALBAN EXPLORATIONS — Robert Miller has joined the company as a management advisor.
Editorial Commercializing Christmas
As Christmas shoppers rush from store to store, who can fail to lament the commercialization of the holiday season? Somehow the spirit of giving has been lost since the Magi bore their gifts of franki…
Bema’s Chilean deposit could be a big one
A drilling program has been completed on the Refugio gold-copper porphyry deposit 50% owned by Bema Gold (TSE). Bema is earning the 50% interest in the property from Cia Minera Refugio by funding expl…
Rouyn has revenues
Rouyn Mining Resources (TSE) generated revenue of $4.9 million for the year ended Aug 31. Earnings were $808,330 or 9 cents per share. There are no comparative results from prior years. The company’s…
New chairman of QSC named
A new chairman has been named for the Quebec Securities Commission. Paul Fortugno, 43, currently vice-chairman of the regulatory organization, will begin his 5-year term Jan 3. Fortugno will replace P…
People (December 18, 1989)
NUSPAR RESOURCES — Alex Burton appointed to the board of directors and named vice-president of operations.
Spot prices at a glance (December 18, 1989)
Week’s Price (US) Change Gold* $417.10 +$15.05 Silver* $ 5.67 +$ 0.13 Platinum* $512.25 +$13.50 Nickel** $ 4.06 –$ 0.14 Lead** $ 0.33 +$ 0.01 …
San Paulo stops work at Leitch
Exploration work has been discontinued at the Leitch gold mine project near Geraldton, Ont., San Paulo Explorations (ASE) says. Held under joint venture from Teck Corp. (TSE), the exploration effort w…
Fancamp to explore Mattagami gold bet
Montreal-based Fancamp Resources (VSE) and privately owned partner Fort Rupert Resources are preparing to begin drilling early in 1990 at their jointly owned Lac Marcaut gold-silver property, 136 mile…