Increased sales boost Cyprus quarterly earnings
Increased sales of produced copper at higher prices enabled Cyprus Minerals (NYSE) to report a 36% increase in net earnings for its 1992 third quarter from the comparable period a year earlier. The Co…
News
Fischer-Watt option agreement amended
An option agreement entitling Fischer-Watt Gold (NASDAQ) to purchase the interest of Compania Minerales de Copan S.A. de C.V. in a gold-mining property in Honduras has been amended, Milner Consolidate…
Barrick’s Carlin reserves growing
Exploration by American Barrick Resources (TSE) along the northern Carlin Trend in Nevada continues to expand the company’s gold reserves at a phenomenal rate. Brian Meikle, Barrick’s senior vice-pres…
PEOPLE — BEAUFIELD CONSOLIDATED RESOURCES
Leslie Redford appointed director. N5…
NEWS ROUNDUP — Tiomin raises $3.2 million
Toronto-based Tiomin Resources (ME) has completed negotiations to raise at least $3.2 million through a private placement of special warrants to institutional investors. The special warrants will enti…
Temporary shutdown at Sa Dena Hes mine
In order to further decrease its inventory of lead-zinc concentrates, Curragh (TSE) plans to close its Sa Dena Hes mine in the Yukon from Dec. 2 until Jan. 6, 1993. The Sa Dena Hes mine produces 12,00…
Louvicourt development continues
Development work at the Louvicourt base metal deposit near Val d’Or, Que., is right on schedule, says Aur Resources (TSE) Executive Vice-President Howard Stockford. Cost of the work program for the Lo…
GUEST COLUMN — China needs expertise for gold hunt
On our return trip to Beijing, we stopped in the city of Lanzhou on the banks of the Yellow River to meet with the top brass of the Ganzhou Provincial Gold Corp. We learned that Ganzhou province curre…
Falco announces further cuts
As a result of weak nickel prices, high inventories, increasing costs and poor market outlook, Falconbridge says it will make further production cuts. Combined with previously announced shutdowns in S…
American Bullion acquires Dot
In concert with the recent acquisition of the Dot copper-oxide property, American Bullion Minerals (VSE) has assigned Zappa Resources (VSE) an option to earn a 50% interest in the property. Zappa can …
U.S. ROUNDUP — Rea options BMR ground
A wholly owned subsidiary of Rea Gold (TSE) recently entered an agreement to earn a 50% interest in the Comstock project owned by BMR Gold (TSE). In order to earn the interest, Rea must spend a total …
EDITORIAL PAGE — Search for diamonds is a learning process
How much difference did news of the Tenby property core contamination from the Northwest Territories make to the various diamond exploration plays across Canada? Precious little, one would think, judg…