St. Philips share options lapse
An option to purchase 500,000 shares of St. Philips (VSE) at $3 per share recently lapsed after Rio Algom (TSE) declined to proceed with the purchase. The options were part of a larger option deal dat…
News
FINANCING (June 01, 1992)
Primo Gold Ltd – 750,000 shs offered @ 40 cents per sh. Mt. Grant Mines Ltd – 250,000 shs offered @ 25 cents per sh. Vananda Gold Ltd – 300,000 shs offered @ 75 cents per sh. Golden Ring Res. – 500,00…
Work planned on Orvana ground
Work commitments are in place for three British Columbia properties under option from Orvana Minerals (VSE). Placer Dome (TSE), which is earning a 70% interest in the Motherlode and Thimble Mountain p…
B.C. mining groups respond to commission
The Mining Association of British Columbia, the Coal Association of Canada, and the British Columbia & Yukon Chamber of Mines are all making submissions to a commission now examining methods to settle…
Menora options Mexican prospect
An option to earn a 50% interest in a gold property in the Mexican state of Zacatecas has been acquired by Menora Resources (ME). The junior, to act as operator, may earn its interest by spending US$1…
Watkins named president of RFC
A new president has taken over at RFC Resource Finance (TSE). David Watkins, president of Minnova (TSE), has been named to the top RFC position. RFC’s major shareholder is Kerr Addison Mines (TSE), wh…
Others’ Words (June 01, 1992)
Our industry is the target of many ill-informed groups that seldom reflect the views of local communities. However, we believe that our strong environmental performance, community involvement and educ…
Dickenson moves back into black
After a $47.9-million writedown in 1990, Dickenson Mines (TSE) regained its feet in 1991. Revenues generated from the Arthur W. White gold mine at Red Lake, Ont., Havelock Lime in New Brunswick and Sa…
Production boost at Aurora mine
The continued successful performance of the Aurora Partnership mine enabled operator and 50% owner Minerex Resources (TSE) to boost net earnings to $959,000 for the three months ended March 31, from $…
EDITORIAL PAGE (June 01, 1992)
When Royal Oak Mines swung the deal to buy the Hope Brook gold mine in Newfoundland from BP Canada, it was good news for the companies, for the province and for the people who work at the mine. But, l…
Chile’s Codelco looks north for exploration partners
A new law passed by the Chilean government has paved the way for Canadian mining companies to participate in exploration joint ventures with Codelco, Chile’s largest company. For the first time since …
Trail smelter operation adds to Cominco losses
All mining operations of Cominco (TSE) were profitable in 1992 with the exception of the Trail smelter, which lost $53 million, and the Sullivan mine which lost $19 million. As a result, Cominco repor…