Coeur d’Alene posts earnings
Idaho-based Coeur d’Alene Mines (NYSE) posted net earnings of US$494,000 for its 1992 first quarter, an improvement over the US$2.24-million loss reported for the comparable 1991 period. A total of 1….
News
Golden Band options Farley
A recently signed option deal with Mingold Resources gives Golden Band Resources (VSE) the right to acquire Mingold’s 44.83% interest in the Farley Lake gold property east of Lynn Lake, Man. The proje…
Equity resumes work at Louis Lake
Drilling is expected to resume shortly at the Louis Lake copper-gold porphyry project, 35 km northwest of Smithers, B.C. Equity Silver Mines (TSE) is earning a 70% interest in the project from owner N…
Reserve increase at Eskay Creek
The high-grade 21B zone on the Eskay Creek property north of Stewart, B.C., now hosts probable reserves of 1.19 million tons grading 1.91 oz. gold and 85.5 oz. silver per ton. This updated and upgrade…
GUEST COLUMN (June 01, 1992)
Suppose for example the provincial government decided it wished to have a good selection of Emily Carr paintings in its provincial gallery and it passed legislation which permitted a committee appoint…
Pacific Gold sale to Westmin
A recent letter agreement provides for Westmin Resources (TSE) to acquire all of Pacific Gold’s (VSE) interest in the Debbie, Yellow and Thistle gold properties near Port Alberni, B.C. Westmin agreed …
Minnova options Ecstall’s claims adjacent to Stronsay
A work program by Minnova (TSE) will begin this month on a large land package adjacent to Curragh Resources’ Stronsay deposit in northeastern British Columbia. Minnova can earn a 60% interest in the 1…
Cuba boosts sales of nickel to West
Cuba says it has quadrupled nickel sales to western countries and it has plans to double its nickel production by the year 2000. Dependent economically in the past on the former Soviet Union (for exam…
Aber share volume heavy as staking activity continues
Diamonds proved to be a mining investor’s best friend during the week ended May 26 as a number of issues responded to the latest developments in the Lac de Gras, N.W.T., area. Since partners Dia Met M…
Stratmin restructures debts of $18 million
Montreal-based Stratmin (ME) says 75% owned Stratmin Graphite has completed the restructuring of $18 million in long-term debt owed to the Canadian Imperial Bank of Commerce. Under the restructuring, …
NEWS ROUNDUP (June 01, 1992)
Quebec Crown mining exploration company Soquem is set to begin exploration on the copper properties of Corner Bay Minerals (TSE) near Chibougamau, Que., after signing two option agreements with the To…
MINER DETAILS (June 01, 1992)
Eat my words? Not quite, but I’ve spent a lot of time recently explaining my opinion on diamond exploration, particularly in light of the promising results of a bulk sample from the Lac de Gras diamon…