1990


Claude’s Seabee may be the next Saskatchewan mine

Based on the results of a final feasibility study, Claude Resources (TSE) says it has decided to place its Seabee gold project in northern Saskatchewan into production. A 400-ton-per-day mill is plann…


IOCC GOLD OPTIONS (May 21, 1990)

Options Open Series Volume Last Interest May 370 C 65 1.50 218 Aug. 380 C 319 9.00 403 Aug. 390 C 144 5.50 689 Aug. 400 C 142 3.60 1,537 Aug. 410 C 433 1.80 687 Aug. 440 C 49 0.50 1,487 Nov. 390 C 61 …


Akiko options two Ontario gold bets

Vancouver-based Akiko-Lori Gold Resources (VSE) has reached an agreement in principle with Gold Fields Canadian Mining to earn a 50% stake in two gold prospects situated south of Kirkland Lake in nort…


Crown drops Goldfields option

After completing a due diligence review, Crown Resources (VSE) has dropped its option to acquire a package of properties and equipment from Nevada Goldfields (TSE). The transaction was valued at about…


TRAPPER RESOURCES

Gerry Curtis appointed president and chief executive officer and director succeeding Hugh Cameron who has resigned but continues as a director; Neil Paget appointed chairman of the board.



While others struggle Corona doubles earnings

At a time when high interest rates and the strong Canadian dollar are sending corporate profits on a downhill slide, Corona (TSE) has managed to buck the trend, doubling its first-quarter earnings to …


OBITUARY (May 14, 1990)

Donald Hurd, a well-known prospector, died in Kirkland Lake, Ont., May 5. He was a member of both the Prospectors and Developers Association and the Canadian Institute of Mining and Metallurgy. Born i…


Mining opportunities exist in Soviet Union

If miners are not already doing business in Western Europe, it will become increasingly difficult to do so after Jan. 1, 1993. As well, the Soviet Union is open for mining business. That was the messa…


Cambior output nears 40,000 oz.

Increased revenue and gold output were reported by Cambior (TSE) for the first quarter of 1990. Net income declined slightly. The Val d’Or, Que.,-based producer recorded net earnings of $4.6 million (…


Editorial Do we need mines?

“Do we need minerals? Only if we want buildings, roads, ships, cars, airplanes, glass windows, plates, cutlery, industrial machinery, communications equipment, energy generation and transmission, and …


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