LATIN AMERICA — New Mining Law for Mexico
Mexico’s 1992 Mining Law, which went into effect in June and which regulates Article 27 of the country’s constitution, lays the groundwork for bolstering the industry and its competitiveness, without …
News
Correction (August 31, 1992)
The Pine Cove gold property at Baie Verte in Newfoundland is 100% owned by Varna Gold (ASE). An earlier story (T.N.M., Aug. 17/92) referred to plans by NovaGold Resources (TSE) for the property; NovaG…
Cambior buying control of Audrey
Growing gold producer Cambior (TSE) has made another move into the base metal side of the mining industry by agreeing to acquire a control position in Audrey Resources (TSE) of Rouyn-Noranda, Que., fo…
TORONTO STOCK EXCHANGE INDICES (August 31, 1992)
Aug 25 Aug 24 Aug 21 Aug 20 Aug 19 High Low Composite”300″3375.82 3380.79 3404.90 3403.66 3385.52 4009.47 3009.91 Metals&Minerals 2952.24 2946.04 2967.08 3001.90 2961.84 3453.06 2502.63 Integrated Min…
EDITORIAL PAGE — Constitution proposal recognizes resources
We owe a large debt of gratitude to Alberta. Through the persistence of Premier Don Getty, the role of natural resources in the nation’s affairs may soon be permanently inscribed in our Constitution. …
Directors resign, Westar fate left to court
The three remaining directors of Westar Mining (TSE) have resigned, leaving the fate of the company in the hands of the Supreme Court of British Columbia. The six outside directors of Westar resigned …
Output up, costs down at Agnico
Lower costs and increased production pushed Agnico-Eagle Mines (TSE) well into the black during the first six months of the year. The gold miner reported a profit of $2.2 million (8 cents per share) c…
Cameco stakes Alberta property
Cameco (TSE) of Saskatoon, Sask., has staked a claim to 6,000 sq. km in Alberta, the same size area as was staked by De Beers subsidiary, Monopros, in 1990. The area staked is in what is known as the …
Storimin acquires Manitoba land
With an improved political climate in Manitoba, mining activity in that province is beginning to return to areas that have been inactive for some time, says A.E. Storey, president of Storimin Explorat…
Shareholders OK Canarc merger
A proposed merger between Canarc Resource (VSE), Suntac Minerals (VSE) and Rembrandt Gold Mines (ASE) recently received shareholder approval and the companies expect to obtain court approval shortly. …
High Lake drilling returns 7% copper across 71 metres
Joint venture partners Aber Resources (TSE) and Kennecott Canada have pulled a 71-metre intersection grading 6.9% copper from the western extension of the AB zone on the High Lake project in the North…
Cominco advances tailings plan despite delays at lead
Uncertainty surrounding the startup date of a new lead smelter at Trail, B.C., has prompted Cominco (TSE) to advance by 18 months its planned move to a land-based system for treated tail slag from the…