News


NEWS ROUNDUP — Lime keeps Global Stone in black

Despite severe weather at its operations in Ingersoll, Ont., and Luttrell, Tenn., Global Stone (TSE) managed to post earnings for the three months ended March 31. Net income for the period was $627,00…


OBITUARY — V.N. Harbinson

Canadian mining has lost one of its best-known and most respected promoters from the heyday years of junior mining with the passing of V. Noble Harbinson, who contributed in no small way to raising th…


Minorca, William option Guyana ground

Rouyn-Noranda, Que.-based Minorca Resources (VSE) can acquire the Whanna River gold property in northwest Guyana from Gribaker Mining. The junior is carrying out a 90-day due diligence program of pros…


Dufresnoy raises $750,000 from Mazarin

Montreal-listed Mazarin Mining has subscribed to half of a $1.5-million private financing to be completed by Dufresnoy Industrial Minerals (ME). Marazin will obtain 1.4 million units at 55 cents each …


Meliadine joint venture under exploration

Exploration is under way at the Meliadine gold project, 9 miles north of Rankin Inlet, N.W.T. Partners Cumberland Resources (VSE) and Comstate Resources (TSE) are planning a 3-phase program of ground …


Copperstone options Baja copper project

Under an agreement with Island-Arc Resources (VSE), Copperstone Resources (VSE) can acquire an 80% interest in six copper-cobalt concessions in Baja California, Mexico. Four properties are beside or i…


Hemlo’s gold production down, but earnings up

Despite a 5% drop in production at its two gold mines, Hemlo Gold Mines (TSE) managed to increase earnings in the first quarter, compared with the same period a year ago. Combined production from the …


Trail improvements pay dividends for Cominco

Improvements at the lead-zinc smelter in Trail, B.C., and at the Red Dog mine in northwest Alaska gave Cominco (TSE) a boost in the first quarter. The major posted $2.3 million in consolidated net ear…



Ramrod calls off share acquisition

Plans by Consolidated Ramrod Gold (TSE) to acquire all issued and outstanding shares of San Andreas Resources (TSE) for Ramrod shares have been cancelled. San Andreas President Peter Tsaparas provided…


EDITORIAL PAGE — A taxing history

We don’t pretend to be economists, but we do feel confident in possessing a rudimentary grasp of the major tenets of modern-day economics. We know, for example, that the modern government penchant for…


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