The economy of the Dominican Republic improved markedly in 1991-92, reports the International Monetary Fund (IMF). Real gross domestic product grew by an estimated 6% in 1992 whereas inflation was est…
Wracked by civil unrest until three years ago, Nicaragua has embraced the mood of Latin America. The doors are open to foreign investment and privatization is in. The operating, 150-ton-per-day (tpd),…
Gold output in 1992 at Dickenson Mines (TSE) increased slightly to 111,872 oz. from 108,477 oz. in 1991. The company’s gold production comes from its 100%-owned Arthur White mine, near Red Lake, Ont.,…
World crude steel production in 1992 totalled 714 million tonnes, off 3% from the 1991 amount, according to preliminary estimates by the International Iron and Steel Institute of Brussels. Output in t…
A decision by Jordex Resources (TSE) to sell stock interests in a Bolivian zinc company was attributed to the general zinc market decline. As a result, substantial losses are being incurred. Jordex ag…
Falconbridge has begun a 3,500-metre diamond drill program on the Robertson Twp. base metal property 14 km north of Matachewan, Ont. The 135-claim property, owned 40% by Strike Minerals (CDN) and 60% …
Although the purchase price was not disclosed, USMX (NASDAQ) reports it has completed the acquisition of the Goldstrike mine near St. George, Utah, from owner Tenneco Minerals. James Knox, president o…
The asbestos assets of Societe d’Exploration Miniere Mazarin (ME) are paying off. The Quebec City-based company reports nine-month net earnings of $9.7 million (27 cents per share, diluted). During th…
A gold zone has been discovered by partners Newfoundland Goldbar Resources (CDN) and New Island Minerals (ASE) on their 14,300-acre Glover Island property in central Newfoundland. The zone, called the…
Vancouver junior Fancamp Resources (VSE) has acquired 10 claims near the recent gold discovery made by PGE Resources (ASE) in the St. Croix sedimentary-volcanic terrane, 50 km north of Saint John, N.B…
Assay results are expected shortly from a stepout hole drilled by Adrian Resources (VSE) on the Petaquilla property in Panama. A $2-million program, funded by Adrian, is earning a 32% interest from Mi…
By July of this year, the Canadian unit of Homestake Mining (NYSE) expects to submit an application to government for permission to build a mine at the Eskay Creek project, north of Stewart, B.C. “We …
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