Noranda drills Todd Creek
A first phase 10-hole drill program was recently completed on the Todd Creek property, 28 miles northeast of Stewart, B.C. Goldnev Resources (VSE) has a 50% interest in the project, held under the ter…
1990
U.S.REPORT Brush Creek reports discovery
Keewatin Engineering was recently retained by Brush Creek Mining and Development (NASDAQ) to assist in evaluating a high-grade gold discovery made on a former producer in California’s famed Motherlode…
Barrick set to raise $122.5 million
American Barrick Resources (TSE) recently filed a preliminary prospectus for a $122.5-million public offering designed to enable the Toronto company to pay down debt and finance exploration and develo…
Investors ponder implications of judge’s Aur/:Louvem decision
Dozens of brokers and mining investors were forced to play an unexpected waiting game recently while a Quebec judge considered a request by Noranda (TSE) for a temporary injunction to prevent St. Gene…
Giant Yellowknife earnings slip
Consolidated earnings of $198,000 (2 cents per share) for the first half of the year were reported by Giant Yellowknife Mines (TSE), compared with $544,000 (6 cents per share) for the same six months …
EDITORIAL PAGE Desperate measures
It is sad to watch one of the country’s great mines, now fallen on hard times, become the battleground for a bitter labor dispute that threatens to prove tragic. The Dome gold mine in South Porcupine …
FUTURES PRICES (August 20, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug — — 134.00 + 6.50 Sept — — 132.85 + 5.55 Oct — — 129.85 + 4.40 SILVER (in US cents per oz.) Aug — — 5…
PROFILE Goldbelt’s Muzylowski turns vision into ore
The Galore Creek area, part of the Golden Triangle in northwestern British Columbia, is teeming with geologists hunting for precious metal and polymetallic deposits. Among the active players is Goldbe…
Cambior reports earnings of $6.9 million as output increases,
Net earnings of $6.9 million (22 cents per share) on revenue of $39.2 million were recorded by Cambior (TSE) for the second quarter, compared with $5.2 million (22 cents per share) on revenue of $30.2…
Agnico breaks out red ink despite production increase
The recent merger with Dumagami Mines may have boosted Agnico-Eagle Mines’ (TSE) second quarter gold output but the Toronto-based company is still operating in the red. Agnico-Eagle reported a net los…
Bond, Kenora settle Shoal Lake dispute
A legal battle between Kenora Prospectors and Miners (COATS) and Bond Gold Canada concerning the Shoal Lake mining claims in northwestern Ontario has been settled. To end the year-old litigation betwe…
Metal Prices FREE MARKET (August 20, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date August 14 August 13 August 10 August 9 August 8 Copper 1559-1560 1582-1583 1615-1617…