Equity Silver earnings steady
Earnings for the first half of 1990 for Equity Silver Mines (TSE) stood virtually unchanged over the previous year. The company reported earnings for common shareholders of $8.2 million for the six mo…
1990
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…
Alberta Stock Exchange Durvada moves ahead
Although gold slipped below US$400 per oz. after reaching US$406 earlier in the week, a number of Alberta issues benefited from a rally sparked by continuing tensions in the Middle East. During the we…
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…
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 …
Dome mine plan for Timmins
A new long-term mining plan has been completed by Placer Dome (TSE) for the company’s high-cost Dome gold mine at Timmins, Ont., where 587 unionized Steelworkers have been on strike since May 7. The p…
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…
Corona boosts gold output by 15% but earnings drop during first
Although Corona’s (TSE) first- half gold production increased by 15% in 1990, lower gold prices and the strong Canadian dollar resulted in an earnings drop for the gold producer. For the first six mon…
Eldorado facing pollution charges
Twenty-one charges have been laid against Eldorado Mines by the Quebec government relating to arsenic-contaminated soil at an abandoned mine near the small community of Duparquet, Que. Ten of the 21 c…