B.C.”s coal and copper star performers
The 1989 value of British Columbia’s mineral and petroleum products rose 5% from 1988 totals to reach an estimated $4.16 billion, according to figures released by Energy, Mines and Petroleum Resources…
1990
Higher Asarco copper sales
Higher sales attributed to strong copper and zinc prices last year boosted the annual earnings of Asarco (NYSE) in 1989 to US$231.16 million or $5.50 per share, compared with $207.24 million, or $4.92…
ABM continues search for future mine reserves
Having proven up enough ore to keep its Colomac mine running for at least eight years, ABM Gold (AMEX) is under no immediate pressure to find new reserves on or outside the 32,000 acres it now control…
U.S. Report Boom in Nevada spreads to neighboring states
Mineral deposits have no respect for state boundaries. That explains why Nevada’s mining boom has spilled over into almost every western state. Precious metals are still the big attraction in neighbor…
Gold funds as of Feb. 20
MVP BGR Central Capital Net value $12.51% $6.57% $0.44 Price $11.25% $6.75% $0.37 Discount 10.07% 2.7%5 19% Value $74,511,862 $110,644,388 N/A…
Granges to fight Abermin lawsuit
A trial date of Nov. 5 has been set in the Supreme Court of British Columbia for a $17.6-million lawsuit by Abermin (TSE) against Granges (TSE). Abermin is Granges’ joint venture partner at the Tartan…
Reserve estimate announced for Eskay Creek
A long- awaited independent preliminary calculation of reserves and grade was announced by Calpine Resources (VSE) and equal partner Stikine Resources (TSE) for the 21 zone discovery on the Eskay Cree…
Henry Kissinger speaks at Boston conference
Henry Kissinger, former U.S. secretary of state, will be the keynote speaker at the International Investment Conference to be held in Boston on May 29. This conference will bring together top mining a…
Kettle River a jewel for Echo Bay, Crown
The Kettle River project is the newest operating mine in Washington State, and owners Echo Bay Mines (TSE) and Crown Resources (VSE) appear to be pleased at how smoothly the operation came on stream. …
COATS (over-the-counter) Hucamp up 30cents
Shares of Hucamp Mines posted a gain of 30cents to close at 40cents for the week ended Feb. 20, after being dormant at the 10-15cents range in recent months. The company holds ground adjacent to Noran…
U.S. Report Eagle Lake in Nevada
Drilling is under way on a gold property near Eureka, Nev., being explored by Eagle Lake Explorations (ASE), following the signing of a recent option agreement with American Ruby Mines. According to E…
Montreal Exchange Casa Berardi interest
Investor attention continues to be directed toward Quebec’s Casa Berardi area where a couple of seniors and a junior pulled an encouraging drill hole in a joint project in Douay Twp. Four initial hole…