Mining opportunities exist in Soviet Union
If miners are not already doing business in Western Europe, it will become increasingly difficult to do so after Jan. 1, 1993. As well, the Soviet Union is open for mining business. That was the messa…
1990
Cambior output nears 40,000 oz.
Increased revenue and gold output were reported by Cambior (TSE) for the first quarter of 1990. Net income declined slightly. The Val d’Or, Que.,-based producer recorded net earnings of $4.6 million (…
Westmin plans restructuring
In an effort to reduce its long-term debt and improve earnings, Westmin Resources (TSE) is planning another restructuring. Despite the sale of its oil and gas division in 1989, Westmin has more than $…
Morrison to earn in at Casa Berardi bets
Having staked 340 claims in Casa Berardi, Que. and optioned three properties further east in Douay Twp., Morrison Minerals (TSE) is attempting to benefit from any new discovery in the region. But sinc…
CAME papers available
The proceedings of CAME’90, a 2-day meeting on computer applications in mineral exploration held recently in Toronto, are now available. Noteworthy are the dos and don’ts for each step of the explorat…
Glamis options Randsburg lands
An option on 30,000 acres of mineral holdings near Randsburg, southern California, was recently acquired by Glamis Gold (TSE) from Denver- based DRX Inc. Glamis notes that much of the land is contiguo…
Editorial Do we need mines?
“Do we need minerals? Only if we want buildings, roads, ships, cars, airplanes, glass windows, plates, cutlery, industrial machinery, communications equipment, energy generation and transmission, and …
Echo Bay suffers loss after Muscocho writeoff
Several factors, including a US$42.4-million (43 cents per share) writeoff of its investment in the Muscocho group of companies, have resulted in a first-quarter loss of US$37.9 million (43 cents per …
Westmin says Premier operating at breakeven
After a rocky start down the road to production, operator Westmin Resources (TSE) is reporting an improvement in mining operations at its 50.1% owned Premier gold mine near Stewart, B.C. The company s…
Vancouver Stock Exchange Vancouver market sluggish
If the past week’s action on the Vancouver Stock Exchange were likened to a member of the animal kingdom, the beast most likely to come to mind would be a slug. The market has been unable to shake its…
Montreal Exchange Heavy Muscocho volume
Volume was light-to-moderate this week but investors seemed to know what they wanted. The general market portfolio index jumped almost 55 points for the week ended May 8, and the mining and minerals i…
U.S.Report Biron Bay busy on U.S. gold bet
Toronto-based Biron Bay Resources (TSE) is planning additional drilling work this year on its Summit gold joint venture with NovaGold Resources (TSE) in the Steeple Rock mining district of New Mexico….