Curragh reports loss for 1992
After reflecting a $16.6-million extraordinary charge for the loss stemming from the fatal accident at the Westray coal mine last May in Nova Scotia, Curragh (TSE) reported a net loss for 1992 of $54….
Articles by Northern Miner Staff
Possibilities for foreign investment expanding in CIS
A mining delegation to the Commonwealth of Independent States (CIS) late in 1992 found that investment opportunities are more favorable than in the previous year, although the political risks are stil…
NEWS ROUNDUP — Starmin, Hellens deal with Falconbridge
A letter of intent to explore for massive sulphides near the town of Cobalt, Ont., has been signed by project partners Starmin Mining (TSE) and Hellens Eplett Mining with Falconbridge. Falconbridge ma…
NEWS ROUNDUP — Agnico finances Goldex purchase
To finance the acquisition of the remaining interest in the Goldex gold deposit in Quebec, Goldex Mines (TSE) has issued 1.78 million flow-through shares at $1.15 to parent Agnico-Eagle Mines (TSE). T…
NEWS ROUNDUP — Dundee to reduce company’s holdings
In connection with an issuer bid by its subsidiary DCC Equities to its minority shareholders, Dundee Bancorp (TSE) plans to reduce its direct and indirect investments in Black Hawk Mining (TSE), Break…
CORPORATE TRENDS — Placer to increase copper output
Placer Dome the gold producer has resolved to become Placer Dome the gold-copper producer. The shift recognizes there is money to be made in future years from copper, a building block for world develo…
CIM receives $3,500 in grant
A grant of $3,500 goes to the Canadian Institute of Mining, Metallurgy and Petroleum’s Mineral Economics Society, says Ontario’s Northern Development and Mines Minister Shelley Martel. “The society su…
Workshop focus on diamond exploration
An all-day workshop on practical diamond exploration in North America will take place March 27 at Toronto’s Royal York Hotel in conjunction with the 1993 convention of the Prospectors and Developers A…
NO HEADLINE (February 08, 1993)
Stewart Jackson appointed president.
More about diamonds (February 08, 1993)
Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. and Alberta — Minerais Barexor (ME) and Nevsun Resources (VSE) have reached an agreement whereby Nevs…
STOCK MARKETS — Noranda hammered by selloff of Edper
Shaken by a selloff of the Edper Bronfman stocks, including Noranda, The Toronto Stock Exchange’s 300 composite index managed a gain of only 10 points during the week ended Feb. 2. Even though Noranda…
STOCK MARKETS — Market action focuses on players at
Western markets continued to charge ahead during the period ended Feb. 2, posting a number of successive new highs not seen for more than two and a half years. The Vancouver Stock Exchange composite i…