Asarco closing Montana mine
About 300 employees will be affected by the temporary closure, planned for April, of the Troy silver-copper mine near Libby, Mont. Mine operator Asarco (NYSE) attributed the shutdown decision to persi…
News
Banner year for Centurion
Record revenues and earnings were reported by Centurion Mines (NASDAQ) for its 1992 fiscal year ended Sept. 30. The Utah-based junior noted that revenues increased 375% to US$834,851 over revenues of …
Nevada output of gold rises
Gold production in Nevada totalled 6.5 million oz. in 1992, up from 5.8 million oz. the previous year, the state’s department of minerals reports. Giving the state a major boost was the Goldstrike min…
Newfoundland makes changes to mineral exploration policy
Several changes in mineral exploration legislation were recently announced by the Newfoundland and Labrador government, including: — The term of the exploration licence is increased to 20 years from …
EXPLORATION & DISCOVERY: DIAMONDS SPARK EXPLORATION; Were it
In 1991, Canadian exploration expenditures totalled $532 million, down from $775 million in 1990. Senior companies spent $416 million and junior companies $116 million. Some 732 operators reported exp…
LATIN AMERICA ROUNDUP — Eldorado options Almaden prospects
A letter of intent has been signed with Almaden Resources (VSE) concerning two gold properties in the Mexican state of Sinaloa, Eldorado (VSE) reports. Eldorado has been granted an option to earn a 51…
WINSTON LAKE”S MODIFIED AVOCA: Minnova’s Winston Lake
The Winston Lake mine relies on a modified Avoca method for extraction. But that wasn’t the technique considered in the early planning stages. Back then, flatback mechanized cut-and-fill (MCF) was tho…
Toronto Stock Exchange Indices (March 01, 1993)
Feb.23 Feb.22 Feb.19 Feb.18 Feb.17 High Low Composite”300″3452.78 3447.67 3426.31 3409.42 3417.70 4009.47 3009.91 Metals&Minerals 2893.08 2907.29 2891.83 2889.78 2906.96 3453.06 2502.63 Integrated Min…
UP WITH AATTA!
MEND, OMEP, CORE, MDA, OMA, MABC, MNDM, GAC, MAC, FLIP, SLIP, BLIP, HIP. Enough! Enough! No more acronyms. Or if there must be acronyms, outlaw tongue-twisters like MNDM or MABC. MEND slips easily off…
TSE Short Positions (March 01, 1993)
Semi-monthly reports as of Feb. 15, showed 50,901,585 shares of 622 issues compared with 51,188,527 shares of 567 issues on Jan. 31. Larger individual positions included: Amax Inc. 35,889, up 35,889; …
Waterland leaving Mining Association
Effective March 1, Gary Livingstone will become president and chief executive officer of the Mining Association of British Columbia, replacing Tom Waterland who resigned to pursue a new career. Living…
Teck to cancel Montgay option
Following a small drilling program on the Montgay property about 55 km northeast of Val d’Or, Que., Teck (TSE) indicated its intention to terminate the option, William Resources (ME) reports. Previous…