LAC cancels expansion plan for Milton quarry
LAC Minerals (TSE) has decided not to proceed with expansion of its limestone aggregates operation at Milton, Ont. The quarry has been a source of revenue for nearly 30 years, but demand from the Toro…
1990
Homestake tops million ounces
Gold producer Homestake Mining (NYSE) exceeded the million- ounce mark in 1989 for the first time in its 114-year history. The company was also able to lower its cash production costs but it also repo…
Metal Prices (April 23, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 17 Apr. 16 Apr. 13 Apr. 12 Apr. 11 Copper 1643-1648 — HOLIDAY — 1…
Agnico offering
Today’s low gold price hasn’t dampened the enthusiasm of Agnico-Eagle Mines (TSE) to try to raise funds. The gold producer has approved a preliminary prospectus for a proposed offering of units (share…
Heenan Senlac assets sold to Laurasia
Despite objections from at least two shareholders, a resolution concerning the sale of all assets of Heenan Senlac Resources (TSE) was recently passed at a special meeting of shareholders. As part of …
Letters to the Editor (April 23, 1990)
I read with interest your editorial “Focus on Canada’s potential” (March 19/90) and the coverage of the Prospectors and Developers Association of Canada’s Latin American push. With the recent push tow…
LAC, Echo Bay added to main ME index
The Montreal Exchange currently includes six mining and metals firms among the 25 companies that make up its market portfolio or general market index. Newly added are LAC Minerals and Echo Bay Mines. …
Sun River, Bre-X plan production at Arizona property
Based on a recent letter of agreement, Sun River Gold (VSE) and Bre-X Minerals (ASE) plan to form a joint venture to place into production the United Western gold mine project near Oatman, Ariz. In or…
St. Genevieve in Scintilore deal
A subsidiary of Montreal-based St. Genevieve Resources (TSE) has signed an option agreement allowing it to earn up to 50% of Scintilore Exploration’s (TSE) P-T gold-base metal property in Quebec’s eas…
Noranda, Major General set reserve figure
Recent drilling results from the Rendell-Jackman gold project in the Springdale area of Newfoundland have allowed equal partners Major General Resources (VSE) and Noranda Exploration (TSE) to establis…
Lithium shares quadruple on Oxford Lake drilling results
Based on recent drilling results from Noranda’s (TSE) Oxford Lake properties in Manitoba, the Rusty gold zone discovered last year appears to be continuing downdip. Narrow zones of mineralization, inc…
U.S. Report Cyprus options Noble Peak’s Crypto zinc deposit in Utah
The Crypto zinc deposit in Utah will undergo further exploration and development as the result of an agreement between Noble Peak Resources (ASE) and Cyprus Metals Exploration, a unit of Cyprus Minera…