News

Now that Northgate Exploration (TSE) is selling its controlling interest in Campbell Resources (TSE), the latter is reviewing financing alternatives for its Canadian operations and Mexican exploration…

First-quarter earnings for Potash Corp. of Saskatchewan (TSE) are down 30% to $8 million (21 cents per share) compared with $11.4 million (29 cents per share) in the first quarter of 1992. Revenues we…

A huge base metals deposit has been confirmed in northern Finland. The 50-100-million ton deposit reportedly contains copper, nickel, platinum and gold mineralization. First discovered in the late 198…

The Haile property near Kershaw, S.C., has proven and probable reserves of 13.2 million tons grading 0.091 oz. gold per ton, a consulting group estimates. Piedmont Mining (NASDAQ), 37.5% owners of the…

A price protection program ensures that Cyprus Minerals (NYSE) will receive a minimum average sales price of about US94 cents per lb. on about 90% of its projected 1993 copper sales. The program also …

Donald Shwery appointed director and elected chairman.

Lawrence Campbell appointed director.

The world’s premier miner and marketer of diamonds is confident it can manage the type of threats to price stability that occurred in 1992, should they recur this year. “Our first three diamond sales …

Randolph Graves elected president and director; George Heras and J. Heras appointed directors.

Jack Day appointed director.

Southern Peru Copper has signed an agreement with Corporacion Andina de Fomento of Venezuela for a $60-million financing to build two solvent extraction-electrowinning plants in Peru.

Several factors have contributed to a loss of $4 million in the third quarter for Firstmiss Gold (NASDAQ). These include a $1-million writedown of low-grade ore stockpiles, high operating costs due to…