Cambior boosts revenue, output
Increased revenue and gold production were reported by Cambior (TSE) for the first quarter of 1991. Revenue jumped by 33% to $36.3 million while output rose to 62,105 oz. compared with 39,582 oz. for …
1991
Northgate mine closing in June
The Colomac gold mine will be placed on care and maintenance late next month when remaining fuel supplies finally run out, shareholders were told at Northgate Exploration’s (TSE) recent annual meeting…
CIM presents annual awards
Peter Tarassoff, outgoing president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), presented awards to a number of well-known resource industry professionals during the associati…
Quarterly earnings turn down for Kerr
Reflecting the general economic slowdown of the world’s major industrial countries, the first-quarter results of Kerr Addison Mines (TSE) were off compared with the same 3-month period in 1989. Net ea…
PRODUCER PRICES (May 13, 1991)
ALUMINUM: MW U.S. Market US62-64 cents per lb. (Apr. 25, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CADMIU…
Thunderwood gets another hint of major Scott Lake find
Thunderwood Resources (TSE) and partner Greenstone Resources (TSE) continue to intersect copper-zinc-rich sulphide mineralization while completing a 25,000-ft. drill program at their equally owned Sco…
Upgrading studies in mineral economics
Mineral economics is not a highly favored academic pursuit in Canada. There are no post-graduate level programs at any Canadian university and virtually nowhere to gain any type of accreditation. Ther…
Insider Trading Pezim sells stake in Prime, Tymar
About a month before signing a financing deal with Teck (TSE), Vancouver promoter Murray Pezim sold a substantial portion of his holdings in Prime Equities (VSE) and Tymar Resources (TSE). In mid-Mar…
Northern B.C. hosts old and new mining operations
The recent Minerals North conference held in this “pro-mining” northern community provided delegates with a snapshot look at a variety of mines operating in the northern portion of British Columbia. A…
Equity devising new solutions to problems of mine closure
Equity Silver’s (TSE) 1992 projected mine closure has driven home the environmental cost of doing business as the long-term effects of acid rock drainage are hitting the northern British Columbia mine…
Snip adept at juggling logistics of operating in rugged northern B.
The new Snip gold mine operated of Cominco (TSE) in the Iskut River camp of northwestern British Columbia is a case study in juggling the logistics of an isolated location. It’s a fly-in, fly-out situ…
Spot prices at a glance (May 13, 1991)
Price (US) Week’s Change Gold* $356.40 + $ 0.15 Silver* $ 4.03 + $ 0.06 Platinum* $393.50 — $ 0.75 Nickel** $ 4.01 — $ 0.09 Lead** $ 0…