NEWS ROUNDUP — Orvana to drill Madhat property
A drilling program will begin in early September to further define copper-gold targets identified by Orvana Minerals (TSE) on the Madhat property on Vancouver Island, B.C. The initial drilling program…
News
NEWS ROUNDUP — Lac lays off 5% of workforce
Toronto-based Lac Minerals (TSE) has laid off about 5% of its workforce in a bid to lower its overall cash cost from US$245 to US$237 per oz. The layoffs were spread “across the board,” said John Pear…
NEWS ROUNDUP — Lupin investigation concluded
Mining safety inspectors recently concluded their investigation of an accident which caused the death of a miner at Echo Bay Mines’ (TSE) Lupin gold mine in the Northwest Territories. Chris Pederson, …
Cambior buying control of Audrey
Growing gold producer Cambior (TSE) has made another move into the base metal side of the mining industry by agreeing to acquire a control position in Audrey Resources (TSE) of Rouyn-Noranda, Que., fo…
TORONTO STOCK EXCHANGE INDICES (August 31, 1992)
Aug 25 Aug 24 Aug 21 Aug 20 Aug 19 High Low Composite”300″3375.82 3380.79 3404.90 3403.66 3385.52 4009.47 3009.91 Metals&Minerals 2952.24 2946.04 2967.08 3001.90 2961.84 3453.06 2502.63 Integrated Min…
EDITORIAL PAGE — Constitution proposal recognizes resources
We owe a large debt of gratitude to Alberta. Through the persistence of Premier Don Getty, the role of natural resources in the nation’s affairs may soon be permanently inscribed in our Constitution. …
GSC undertakes mapping of Lake Ontario floor
The Geological Survey of Canada (GSC) has undertaken a late-summer mapping of geological conditions in Lake Ontario. The survey is being conducted by a team from the GSC’s Atlantic Geoscience Centre i…
LETTERS TO THE EDITOR — Canada’s gold sales hurt CIS
We watch with dismay as the Canadian government continues to dump its gold reserves on the world market at a time when low metal prices are threatening the economic viability of numerous gold mines an…
Dickinson, Hunter seek Casino property through merger
After over a year-long search for a major project, Pacific Sentinel Gold (VSE) announced it plans to merge with Big Creek Resources (VSE). The companies expect to merge on a one-for-one basis subject …
GUEST COLUMN — Will the new senate use its natural resource
The natural resource sector — mining, forestry, energy, farming, fishing and trapping — has fuelled the Canadian economy from day one. These industries and the communities dependent on them have gra…
Directors resign, Westar fate left to court
The three remaining directors of Westar Mining (TSE) have resigned, leaving the fate of the company in the hands of the Supreme Court of British Columbia. The six outside directors of Westar resigned …
Output up, costs down at Agnico
Lower costs and increased production pushed Agnico-Eagle Mines (TSE) well into the black during the first six months of the year. The gold miner reported a profit of $2.2 million (8 cents per share) c…