Vior gets another good intersection
A single high-grade drill intersection of 30.7 ft. grading 0.69 oz. gold per ton has been reported by Inco (TSE) and its two partners from the Douay joint venture, eight miles northeast of Joutel, Que…
1990
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…
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 …
Gulf crisis brings volatility back to gold prices
The gold price is proving to be extremely volatile as investors react quickly to political manoeuvering in the Middle East. In recent days, gold soared to US$415.50 as the likelihood of armed conflict…
Horsham earnings up 46% in quarter
The controlling shareholder of American Barrick Resources (TSE), Horsham (TSE), achieved record second-quarter earnings, thanks to the performance of its oil producing subsidiary. Horsham said net ear…
Ascot, Beauchamps have gold assays
Joint venture partners Ascot Resources (VSE) and Beauchamps Exploration (VSE) say they have identified two anomalous zones of gold and base metals mineralization on their Kiniskan Lake property, 112 m…
American Mining Congress
The American Mining Congress (AMC) has recommended the adoption of specific provisions in the final U.S. clean air bill to “preserve a viable domestic mining industry.” The provisions, submitted to th…
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…
Placer promises $53 million to gain stake in Mt. Milligan
Perhaps taking a cue from rival Corona’s wheeling and dealing in the Eskay Creek saga, Placer Dome (TSE) has secured a lockup agreement with certain shareholders of Continental Gold (TSE) whereby they…
U.S. REPORT Infill drilling on Crown Jewel shows continuity
Drilling on the Crown Jewel project in northeastern Washington State continues to return encouraging results. Battle Mountain Gold (NYSE) is earning a 51% interest in the project from Crown Resources …
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…