Crown Butte continues New World permitting
With field activities completed for the season, Crown Butte Resources (TSE) plans to continue permitting work “at a priority pace” this winter for its New World gold project in Montana. The company re…
News
Gowest in deal with Placer Dome
A letter of agreement has been signed between Gowest Amalgamated (ASE) and Placer Dome (TSE) whereby Placer may earn a 75% interest in Gowest’s property in northeastern Ontario. The property comprises…
Reserves rise at Noble Peak zinc project
Ore reserves at Noble Peak Resources’ (ASE) Crypto zinc property near Salt Lake City, Utah, are nearing the 10-million-ton threshold needed for commercial production, shareholders were recently told a…
Echo Bay developing pair of Alaskan projects
Gold producer Echo Bay Mines (TSE) has two major development projects in southeast Alaska, Alaska-Juneau and Kensington. Together, they have the potential to increase annual gold production by about 4…
EXPLORATION ’92 — Hemlo Gold boosts production
Gold production increased to 378,000 oz., up 6% over the first nine months of 1991 because of higher output from the Golden Giant and Silidor mines, Hemlo Gold Mines (TSE). The company’s share of gold…
LETTERS TO THE EDITOR — Lauding coverage of offshore
I would like to compliment The Northern Miner and the Southam Mining Group on their expanding coverage of global mining issues, especially projects elsewhere in the Americas. I have particularly enjoy…
NEWS ROUNDUP — Cross Lake in option deals
An option to earn up to a 70% interest in 18 claims in Fox and Stimson twps. 45 miles northeast of the Kidd Creek operation near Timmins, Ont., has been negotiated by Noranda Exploration with Cross La…
Ontario conducts environmental tests
Prompted by concerns about environmental impact of previous disposal practices, Ontario’s Ministry of Northern Development and Mines has commissioned a geotechnical assessment of soil and groundwater …
TSE SHORT POSITIONS (November 30, 1992)
Semi-monthly reports as of Nov. 15, showed 36,786,868 shares of 593 issues compared with 38,169,498 shares of 570 issues on Oct. 31. Larger individual positions included: Amer. Barrick 273,674, up 29,…
FREE MARKET (November 30, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov. 24 Nov. 23 Nov. 20 Nov. 19 Nov. 18 Copper 1410-1411 1403-1404 1396-1397 1393-13…
Cyprus shuts down molybdenum mine
As a result of weak demand in the worldwide steel business, Cyprus Minerals (NYSE) recently announced a temporary shutdown of its Thompson Creek primary molybdenum mine in Idaho. The operation employe…
Red Lake costs hurt Dickenson
Higher costs at the Red Lake mine, lower realized gold prices and lower revenues at Havelock Lime contributed to a 82% drop in earnings at Dickenson Mines (TSE) for the first nine months of the year. …