1990

A joint venture agreement will see Chase Resources (VSE) take on a partner to help fund exploration at its Sungold project near Prescott, Ariz. Under the terms of the agreement, Whiskey Creek Resource…

By purchasing seven million shares of Explaura Holdings (COATS), Inco Europe, a unit of Inco (TSE) will earn a 6% interest in the United Kingdom-based mining company. Through a private placement, Inco…

Trading volume during most of the week was in the range of 4.9-6.1 million shares. The general market portfolio index dropped by 39.6 points and the mining and minerals index fell by 86.8 points. At t…

Whether the Vancouver Stock Indices were following gold down or just following through with last week’s drop is debatable. In any event, the Composite and Resources Indices put in dismal performances….

Supplies of copper are expected to tighten through the 1990s despite intense activity in development of new mine projects, a study by London-based Commodities Research Unit says. The tonnage from know…

A northwestern Ontario geologist who was charged with depositing debris from a drilling project on Crown land two weeks before his work permit expired in March was recently found innocent in Provincia…

Having completed the first phase of drilling on a newly discovered massive sulphide lens at the Mobrun polymetallic mine near Rouyn- Noranda, Que., Audrey Resources (TSE) and partner Minnova (TSE) are…

As part of a recent agreement with Murray Pezim and two associates, Corona (TSE) has acquired 5.6 million shares of Prime Resources Group (VSE). Pezim, Lawrence Page and Arthur Clemiss also granted Co…

The Royal Bank of Canada has agreed to provide debt financing to help bring the Simkar gold project, 10 miles east of Val d’Or, Que., into production. The Simkar property, with proven and probable res…

Net income reported by FMC Gold (NYSE) for the three months ended June 30 was US$9.9 million versus US$13.8 million in 1989. The company attributed the drop in earnings to lower gold prices and high u…

Records for both production and earnings were set by Piedmont Mining (NASDAQ) for the first half of 1990. Net income for the six months ended June 30 was US$642,000, or US$0.04 per share on revenue of…

Despite a 7% production increase at its Copper Range copper mine in Michigan, Metall Mining (TSE) has been hit financially by some of the same factors that affected earnings reported recently by its V…