Trimin sitting on cash
The sale of its 32.9% interest in the Hanson Lake copper-zinc- silver property in northern Saskatchewan boosted earnings for Trimin Resources (TSE) to $7.3 million for the year ended Feb. 28, 1991. Th…
1991
Inco, union form green team
The United Steelworkers of America has teamed up with Inco (TSE) to create an Environmental Awareness Committee, the first of its kind in Canada. To be co-chaired by Inco vice-chairman Walter Curlook…
Losses in 1990 push B.C.’s coal producers to the brink
British Columbia’s coal producers reported a record loss of $88 million in 1990, marking the worst yearly performance since the Coal Association began its compilation of results in 1982. The primary …
More results from Myra Falls
More assay results were released by Westmin Resources (TSE) from a recent stepout hole drilled 140 metres west of the discovery hole on its Myra Falls mine property near Campbell River, B.C. In late …
Verde gold project on track in Chile
Development of the Refugio gold property in Chile is proceeding as planned. Bema Gold (TSE), 50% owner of the property, recently released a positive feasibility study calling for a 33,000-ton-per-da…
Camp mobilized on SIB claims
Mobilization of an exploration camp is expected to begin in mid-June on the SIB claim group adjacent to the Eskay Creek project north of Stewart, B.C. Joint venture partners Silver Butte Resources (VS…
Total Energold reports loss
A loss of $2.4 million was reported by Total Energold (TSE) on net sales of $13.1 million for the 1991 first quarter, compared with a loss of $1.7 million on sales of $9.2 million for the first three …
Sex discrimination at Key Lake mine
A human rights tribunal has ordered Cameco to change its housing policy at the Key Lake uranium mine in northern Saskatchewan after a male employee was suspended for entering women’s quarters. Power p…
St. Genevieve nets $15 million in Louvem deal
St. Genevieve Resources (TSE) is currently considering its options after recently agreeing in principle to sell 4.35 million common shares of Societe Miniere Louvem (TSE)to Noranda (TSE) for $28.3 mil…
NovaGold gains licence for recovery process
Following an agreement with the Canada Centre for Mineral Energy Technology (CANMET), NovaGold Resources (TSE) will acquire rights to a new base metal recovery process. The original technology, calle…
Cambior drilling Aurizon property
Surface drilling at the Sleeping Giant mine property north of Amos, Que., has verified the apparent south extension of the previously mined A vein, Cambior (TSE) and Aurizon Mines (TSE) reported. Camb…
Vananda reports reserve increase
Following a review of drilling results from a program completed earlier this year, Vananda Gold (VSE) has increased its estimate of preliminary reserves on the Little Billie mine to 195,000 tons gradi…