Crown drops Kettle River
Disappointing operating results and a poor forecast prompted Crown Resources (TSE) to withdraw from the Kettle River joint venture in northeastern Washington state. The project originally went into pr…
News
Barrick drops Yellow Pine option
After completing a preliminary drilling program, American Barrick Resources (TSE) has decided not to invest in Hecla Mining’s (NYSE) Yellow Pine gold deposit in Idaho. Last summer, Barrick signed a le…
La Teko confirms Ryan Lode tonnage
A recently completed independent calculation of reserves at the Ryan Lode property near Fairbanks, Alaska, confirms and expands previous estimates made by owner La Teko Resources (VSE). Mine Developme…
Richmont shares (January 04, 1993)
Richmont Mines (TSE), owner of the Francoeur gold mine near Rouyn-Noranda, Que., says large pension fund Caisse de Depot et Placement du Quebec recently purchased 1.1 million shares (a 9.2% interest) …
FACTS & FIGURES — USGS deciphers mineralized locations
Laboratory analyses provide vital geochemical information that is not available in the field. U.S. Geological Survey (USGS) geochemists work with branches within the organization and with other federa…
GOLD FUNDS (January 04, 1993)
BGR Central Net Value $7.95 $5.04 Price $6.25 $4.50 Discount 21.42% 10.7% Value $45,301,000 $75,709,350.
1992 — A LOOK BACK — Cambior active in northwestern Quebec
Val d’Or, Que.-based Cambior (TSE), which is developing another gold property in northwestern Quebec, recently announced its involvement in a pair of underground exploration base metal programs in the…
1992 — A LOOK BACK — Big tab for Martel inquiry
Government documents have shown that the 2-month inquiry this year into statements by Ontario’s Northern Development and Mines Minister Shelley Martel over a Sudbury doctor’s billing practices cost On…
1992 — A LOOK BACK — Save Our North springs into action
A grassroots mining campaign from northern Ontario captured the attention of many in 1992, and in particular that of the provincial government. Premier Bob Rae, Mines Minister Shelley Martel and other…
1992 — A LOOK BACK — New mining projects create job
Six new mines were opened and six former producers were reactivated across Canada in 1992. The mining projects created or saved 1,131 jobs, according to the federal department of Energy, Mines and Res…
1992 — A LOOK BACK — Westray inquiry postponed
In the early hours of May 9, a gas explosion that left behind lethal concentrations of methane ripped through the Westray coal mine, killing 26 miners. After the blast, rock fall obstructed access int…
PRODUCER PRICES (January 04, 1993)
ALUMINUM: MW U.S. market US57-58 cents per lb. (Dec. 25, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…