Cost-cutting Inco stays the course
Though encouraged by the recent buoyancy of nickel prices, Inco (N-T) remains determined to lower production costs as it strives to return to profitability.For the first quarter of 1999, Inco posted a…
News
Abacus expands La Manchuria project
Abacus Minerals (AMC-V) has tabled encouraging reverse-circulation drill results from its La Manchuria gold-silver project in southern Argentina.Drilling has delineated a 450-metre-long system contain…
Thundermin, Queenston tackle Duck Pond
Juniors Thundermin Resources (THR-T) and Queenston Mining (QMI-T) are teaming up to explore the Duck Pond polymetallic property in west-central Newfoundland.Comprising 11,796 ha and situated 30 km sou…
Monopros finds kimberlite outside Kennady Lake
Monopros has discovered a new kimberlite body 12 km northeast of the Kennady Lake cluster of pipes on the AK property in the Northwest Territories.The exploration arm of De Beers Consolidated Mines (D…
Companies (May 17, 1999)
Abacus MineralsAber ResourcesAlberta EnergyAmerica Mineral FieldsAnatolia Minerals DevelopmentAnzex ResourcesArgosy MiningAshanti GoldfieldsAshton Mining of CanadaAsia MineralsAthlone Minera…
Minera Andes cuts high grade
Assay results from shallow drilling have confirmed high-grade gold-silver mineralization at the Huevos Verdes prospect in southern Argentina, reports Minera Andes (MAI-A).The first six angle holes enc…
Debt-free Aur persists with exploration — Production gains at Louvicourt, Andacollo
With $88 million in working capital and no debt, Aur Resources (AUR-T) is well-positioned to expand through mergers and property acquisitions, company president James Gill told shareholders at the com…
Anzex Resources mired in litigation problems
A rift in management has mired Anzex Resources (AZX-V) in litigation, hindering its efforts to advance the Longwoods platinum-palladium property on the South Island of New Zealand.In late November 199…
Restructuring leaves Inmet lean, profitable
The comprehensive restructuring of Inmet Mining (IMN-T) is now complete, management told shareholders at the annual meeting in Toronto.The once-diversified producer has narrowed its focus to copper an…
EDITORIAL & OPINION — EPA targets essential nutrient — Rethinking zinc
Two missives in less than a month might appear excessive, but the United States government’s Environmental Protection Agency (EPA) just won’t stop displaying its scientific ignorance and incompetence….
TSE INDICES (May 17, 1999)
1999May 11May 10May 7May 6May 5HighLowComposite “…
Lyon Lake finances Cerro Crucitas
Junior Lyon Lake Mines (LLL-V) has raised $1.3 million through a private placement of 4.2 million units priced at 32 cents each.A unit consists of one share and a half non-transferable share purchase …