Toronto-based Noranda (TSE) may begin selling off core assets including Hemlo Gold Mines (TSE) if cost-cutting measures fail to contain the company’s $3.9-billion long-term debt. Senior executives at …
Employees of the smelting and refining plants at the Sudbury, Ont., operations of Inco (TSE) will take a 5-week vacation next summer beginning July 1, the company announced. The company’s mining and m…
Vancouver-based International Mahogany (TSE) has agreed to acquire a 33% initial stake in Columbia Gold Mines (VSE) through a private placement deal. Under an agreement, Mahogany is acquiring one mill…
Halifax-based Scotia Prime Minerals (ASE) and Phelps Dodge of Canada, a unit of major copper producer Phelps Dodge (NYSE), have teamed up to explore three base metal properties in Nova Scotia. Under a…
Great Lakes Minerals (TSE) has just received the best assays yet from their copper project on the Keeweenaw Peninsula in northern Michigan. Hole 9, drilled on the 543-S deposit, intersected 41.7 ft. g…
Through two private placements totalling 700,000 units, Central Crude (TSE) expects to raise $7.7 million for continued exploration on its Eagle River and Moss Lake gold properties in northern Ontario…
Although Treminco Resources (TSE) reported a net loss of $70,000 for the year ended July 31, cash flow was $1.61 million. This compares with net income of $317,000 and cash flow of $1.96 million in 19…
Dale Scholz appointed chairman of the board and director succeeding W. Danke who resigned; Terry Holland and Norm Tribe appointed directors succeeding G. Carlson and R. Handfield who resigned.
Edmonton-based Integrated Resources says it raised $339,560 from a unit offering which closed last month. Each unit consisted of 2,000 shares comprising 1,600 flow-through shares and 400 common shares…
A national mining industry communications workshop will be held at the Westin-Tabor Center in Denver, Colo., March 5-7. The workshop is sponsored by The American Mining Congress and the National Coal …
A series of short courses on mining will be given at the University of Nevada, Reno, during the Spring of 1991. It is designed to provide information on some of the industry’s latest technological dev…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 110.00 109.00 109.70 — 3.25 Jan 109.55 108.90 109.50 — 1.00 Feb 109.30 108.50 109.30 0.10 SILVER (in US cen…
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