U.S. REOPORT
Startup operations are expected to begin soon aimed at bringing the Formosa-Silver Butte zinc-copper mine near Riddle, Ore., back into full production this summer. Operator Formosa Resources (VSE) bro…
Articles by Northern Miner Staff
Gwen finds pipe on open pit wall
Gwen Resources (ASE) says it has discovered a kimberlite pipe on the side wall of its New Buffonta open pit in the Harker-Holloway camp east of Matheson, Ont. The pipe has been exposed to a depth of 9…
Dickenson moves back into black
After a $47.9-million writedown in 1990, Dickenson Mines (TSE) regained its feet in 1991. Revenues generated from the Arthur W. White gold mine at Red Lake, Ont., Havelock Lime in New Brunswick and Sa…
Production boost at Aurora mine
The continued successful performance of the Aurora Partnership mine enabled operator and 50% owner Minerex Resources (TSE) to boost net earnings to $959,000 for the three months ended March 31, from $…
Trail smelter operation adds to Cominco losses
All mining operations of Cominco (TSE) were profitable in 1992 with the exception of the Trail smelter, which lost $53 million, and the Sullivan mine which lost $19 million. As a result, Cominco repor…
Chile’s Codelco looks north for exploration partners
A new law passed by the Chilean government has paved the way for Canadian mining companies to participate in exploration joint ventures with Codelco, Chile’s largest company. For the first time since …
Mining at Casa Berardi Est to resume in July, says TVX
The Casa Berardi Est gold mine in northwestern Quebec is expected to be back in operation by mid-July, TVX Gold (TSE) President Martin Robinson said at the company’s annual meeting in Toronto. Operati…
Shaft being deepened at Joe Mann
Deepening the No. 2 shaft at the Joe Mann gold-copper mine of Campbell Resources (TSE) southwest of Chibougamau, Que., to 2,700 ft. is under way. The shaft excavation and related work is expected to b…
Golden Star merges with South American Goldfields
The planned merger of Golden Star Resources with South American Goldfields into a new company known as Golden Star Resources Ltd. (TSE) was approved by shareholders of both companies recently. About 1…
$20-million offering by Cominco Res.
The final prospectus for a $20-million offering of units was recently released by Cominco Resources International (TSE). The company plans to issue 8.334 million units at a price of $2.40 per unit. Th…
Westmin alliance with Noranda Sales
Noranda Sales was recently appointed exclusive sales agent for copper and zinc concentrates produced by Westmin Resources (TSE) at its Myra Falls mine complex near Campbell River, B.C. Westmin, which …
TORONTO STOCK EXCHANGE INDICES (June 01, 1992)
May 26 May 25 May 22 May 21 May 20 High Low Composite”300″3382.30 3370.31 3372.15 3358.05 3381.21 4009.47 3009.91 Metals&Minerals 3046.84 3018.31 3027.60 3030.43 3061.98 3453.06 2502.63 Integrated Min…