Save Our North goes national
Save Our North, the grassroots organization that has been spreading like wildfire across northern Ontario, recently launched a national campaign that will solicit support from resource-based communiti…
1992
El Condor expands proposed financing
After consultations with its underwriters, El Condor Resources (VSE) recently increased the size of its proposed financing to $7.2 million from the previously planned $6 million. As a result, the comp…
Elliot Lake miners undergo retraining
Mine closings are always difficult situations for communities dependent on such operations for their economic well-being. Workers and their families in the uranium-mining community of Elliot Lake, Ont…
Galleon, BMR plan drilling
A US$200,000 drilling program is planned for the Madison gold-copper property about 25 miles southeast of Butte, Mont., by owners Galleon Mining (VSE) and BMR Gold (VSE). The companies can earn a 100%…
TORONTO STOCK EXCHANGE INDICES (June 08, 1992)
Composite “300” 3410.20 3403.98 3387.93 3375.34 3382.86 4009.47 3009.91 Metals & Minerals 3148.85 3110.82 3110.19 3097.07 3087.21 3453.06 2502.63 Integrated Mines 3358.41 3314.22 3315.05 3300.61 3291….
Cameco president presents positive long-term view
Producer Cameco (TSE) of Saskatoon remained profitable in 1991 despite low uranium prices. Earnings were $1.03 per share compared with $2.21 in 1990. Despite a lacklustre year, President Bernard Miche…
Noranda gains full ownership of Magnola magnesium project
Noranda (TSE) recently spent $500,000 to purchase the 50% interest it didn’t already own in a plant designed to extract magnesium from old asbestos tailings in the Thetford mines area of southeastern …
Dickenson moves back into black
After a $47.9-million writedown in 1990, Dickenson Mines (TSE) regained its feet in 1991. Revenues generated from the Arthur W. White gold mine at Red Lake, Ont., Havelock Lime in New Brunswick and Sa…
Production boost at Aurora mine
The continued successful performance of the Aurora Partnership mine enabled operator and 50% owner Minerex Resources (TSE) to boost net earnings to $959,000 for the three months ended March 31, from $…
Chile’s Codelco looks north for exploration partners
A new law passed by the Chilean government has paved the way for Canadian mining companies to participate in exploration joint ventures with Codelco, Chile’s largest company. For the first time since …
Trail smelter operation adds to Cominco losses
All mining operations of Cominco (TSE) were profitable in 1992 with the exception of the Trail smelter, which lost $53 million, and the Sullivan mine which lost $19 million. As a result, Cominco repor…
Mining at Casa Berardi Est to resume in July, says TVX
The Casa Berardi Est gold mine in northwestern Quebec is expected to be back in operation by mid-July, TVX Gold (TSE) President Martin Robinson said at the company’s annual meeting in Toronto. Operati…