Triathlon draws 140 competitors
The eighth annual Great Porcupine Goldrush Triathlon attracted 140 competitors on 49 teams to Timmins, Ont., this summer. There were 86 entrants (30 teams) in the 55-km competitive event, and 54 entra…
1991
Writedown results in red ink for gold producer Corona
A net loss of $13.3 million or 19 cents per share was reported by International Corona (TSE) for the first six months of this year after taking into account a $21.9-million writedown of its investment…
Metal Prices (August 26, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug 20 Aug 19 Aug 16 Aug 15 Aug 14 Copper 1334-1334 1341-1342 1324-1325 1313-1315 13…
Imperial loss first in six years
Low metal prices and depressed equity markets combined to end a 6-year string of profits for Imperial Metals (TSE). The company reported a loss of $4.47 million, or 21 cents per share, during its fisc…
New mining rules for Saskatchewan
New environmental regulations for Saskatchewan’s mining industry took effect recently, following approval by the provincial cabinet. “These new regulations make Saskatchewan a world leader in environm…
Prices, closure, rainfall all contribute to MinVen’s loss
Lower gold prices, the closure of the company’s Blackdome mine in British Columbia, and unusually wet weather at the Gilt Edge and Stibnite mines helped deepen losses for MinVen Gold (TSE). The compan…
LETTERS TO THE EDITOR (August 26, 1991)
The Institute for Managers and Specialists Continuing Engineering Education is the head organization in post-graduate education on non-ferrous metallurgy in the U.S.S.R. The institute is in Sverdlovsk…
Gem safari to Thailand
Ronald Stokes, a Vancouver-based mining consultant and gemmologist, will be leading a gem safari to exotic Thailand for three weeks from Jan. 12 to Feb. 1, 1992. This will be the third gem safari led …
Spot prices at a glance (August 26, 1991)
Week’s Price (US) Change Gold* $ 356.20 – $ 0.30 Silver* $ 3.93 – $ 0.02 Platinum*$345.50 + $ 2.75 Nickel**$ 3.72 $ 0.00 Lead** $ 0.24 – $ 0.01 Copper $ 1.00 – $ 0.01 Zinc $ 0.47 – $ 0.00 Courtesy of …
Montreal Exchange (August 26, 1991)
Political troubles in the Soviet Union didn’t sit too well with investors around the world, whose immediate reaction was to get out of the market. In Montreal, the pattern was no different. Both the m…
Newhawk pursues theory of bulk tonnage at Sulphurets
Project operator Newhawk Gold Mines (TSE) released assays for the first three holes drilled on two of five bulk-tonnage copper-gold targets being tested on its 60% owned Sulphurets property north of S…
Echo Bay boosts quarterly earnings
A 5% decline in production costs boosted Echo Bay Mines’ (TSE) second-quarter earnings to US$4.7 million (five cents per share) from US$800,000 (one cent per share) in 1990. The company lowered its av…