Breakwater aims to reverse losses
A loss of $3.6 million was reported by Breakwater Resources (TSE) for its 1991 third quarter ended Sept. 30, which brings losses for the first nine months of the year to $16 million. The company is co…
News
Magnola project under review
The Magnola project in Quebec, aimed at developing a new magnesium production technology, is under review because of the excess capacity in the magnesium market and the economic environment, LavalinTe…
Prime, Galico active in Jamaica
A number of possible acquisitions in Jamaica are currently being reviewed by Prime Explorations, a division of Prime Equities International (VSE). The review follows a visit to Jamaica to examine prop…
Aurizon amends Aurex deal
Vancouver-based Aurizon Mines (TSE) recently entered into a private placement agreement to purchase 500,000 common shares of 36% owned affiliate Aurex Resources (VSE) for 35 cents a share. In addition…
CIM sponsors Students’ Nite in Toronto
The president of Brian E. Felske and Associates Ltd. will discuss “international mining: challenge and opportunity” at the Students’ Nite Dinner on Jan. 23 of the Toronto branch of the Canadian Instit…
AquaGold to produce limestone
AquaGold Resources (ASE) says it will concentrate on bringing the Glen Morrison limestone deposit near Sydney, N.S., into production after a reverse takeover of the company by Municipal Capital. Munic…
Staking reopens in four townships near Temagami
Although activity was noted around James, Best, Strathy and Cassels twps., Ont., by several observers on Jan. 7, the day the townships were reopened for staking, the number of claims staked will not b…
Madeleine seeking to file new applications for mine permits
Officials of Madeleine Mines (TSE) will meet in mid-January in Thunder Bay, Ont., with representatives of the Ontario Ministry of the Environment to allow the company to file new applications for the …
Falconbridge hits on Moneta ground
Drilling a 600-metre-long geophysical anomaly on Moneta Porcupine Mines’ (TSE) property in Godfrey Twp., near Timmins, Ont., Falconbridge intersected a narrow vein containing high-grade gold mineraliz…
On the level (January 13, 1992)
Before closing the books on 1991, there are still a few comments from readers that I’ve failed to address, including the following letter from Westmin Resources’ project geologist Paul Lhotka, Ph.D. “…
Pioneer debt settlements net gain
A gain from the recent settlement of secured and unsecured debt pushed Pioneer Metals (TSE) of Vancouver into the black for the 9-month period ended Sept. 30. Net earnings for the period were $12.4 mi…
Sulphur producers form export group
A new marketing organization has been formed by 27 Canadian sulphur producers. Prism Sulphur Corp. began selling western Canadian sulphur to markets outside of North America as of Jan. 1. Prism will i…