1990

The railway parent of Santa Fe Pacific Minerals is spinning off its oil and gas and real estate assets into public companies but has no plans at the moment to take the mining company public. Santa Fe …

Encouraged by a new discovery on optioned property about five kilometres southeast of their Grevet zinc project near Quevillon in northwestern Quebec, VSM Exploration (TSE) and Serem-Quebec have launc…

The most significant technological factor affecting our production during the 1980s was size of equipment. Bigger is better, and cheaper. . . . We now use bigger trucks — 150 tons versus the 50- and …

Results took a turn for the worse for Westmin Resources (TSE) with the company reporting a loss of $3.2 million for the third quarter ended Sept. 30. This compares to earnings of $1.1 million in the t…

Caught in a cycle that repeats itself every few years, dozens of industry geologists — victims of yet another downturn in exploration spending — are packing up their hammers and compasses. Although …

Having completed a 22-hole program on the MacLeod Lake property north of Chibougamau, Que., Windy Mountain Explorations (COATS) has increased its preliminary reserve estimate to 37.5 million tonnes gr…

The Northwest Territories has become the first jurisdiction in Canada to have an “Environmental Bill of Rights.” While superficially attractive as a way of protecting the environment, the environmenta…

In the hope that Audrey Resources (TSE) will eventually be the object of a takeover bid, Montreal investment firm Invesfor has increased its interest in the Rouyn- Noranda polymetallic miner to 6.5%. …

U.S. uranium exchange company Nuexco reports that the exchange value of uranium (U/c3h/O/c8h/) fell in October to its lowest level ever in constant 1990 dollars, slipping US$1.75 to US$8.35 per lb. Th…

Recent drilling on a sulphide lens discovered last year at the north end of Brunswick Mining and Smelting’s (TSE) No. 12 mine near Bathurst, N.B., has extended the zone along strike and at depth. Most…

Near the bottom of every business cycle major mining companies suddenly realize they’re going to lose money unless metal prices go up or operating costs go down. They can’t control metal prices, but t…

A 3,000-ft. drilling program is under way on the Bourlamaque Twp., Que., base metal property of Noranda (TSE) and Kingswood Explorations (ASE). The latter company is earning a 50% interest in the 18-c…