Thayer Lindsley entering production
Subject to environmental permitting, the Thayer Lindsley (TL) project in the Sudbury, Ont., area is expected to be a producer in the near future. Though long known to Falconbridge, it wasn’t until rec…
News
Save Our North goes national
Save Our North, the grassroots organization that has been spreading like wildfire across northern Ontario, recently launched a national campaign that will solicit support from resource-based communiti…
El Condor expands proposed financing
After consultations with its underwriters, El Condor Resources (VSE) recently increased the size of its proposed financing to $7.2 million from the previously planned $6 million. As a result, the comp…
Elliot Lake miners undergo retraining
Mine closings are always difficult situations for communities dependent on such operations for their economic well-being. Workers and their families in the uranium-mining community of Elliot Lake, Ont…
Galleon, BMR plan drilling
A US$200,000 drilling program is planned for the Madison gold-copper property about 25 miles southeast of Butte, Mont., by owners Galleon Mining (VSE) and BMR Gold (VSE). The companies can earn a 100%…
TORONTO STOCK EXCHANGE INDICES (June 08, 1992)
Composite “300” 3410.20 3403.98 3387.93 3375.34 3382.86 4009.47 3009.91 Metals & Minerals 3148.85 3110.82 3110.19 3097.07 3087.21 3453.06 2502.63 Integrated Mines 3358.41 3314.22 3315.05 3300.61 3291….
Cameco president presents positive long-term view
Producer Cameco (TSE) of Saskatoon remained profitable in 1991 despite low uranium prices. Earnings were $1.03 per share compared with $2.21 in 1990. Despite a lacklustre year, President Bernard Miche…
Noranda gains full ownership of Magnola magnesium project
Noranda (TSE) recently spent $500,000 to purchase the 50% interest it didn’t already own in a plant designed to extract magnesium from old asbestos tailings in the Thetford mines area of southeastern …
TORONTO STOCK EXCHANGE INDICES (June 01, 1992)
May 26 May 25 May 22 May 21 May 20 High Low Composite”300″3382.30 3370.31 3372.15 3358.05 3381.21 4009.47 3009.91 Metals&Minerals 3046.84 3018.31 3027.60 3030.43 3061.98 3453.06 2502.63 Integrated Min…
Spot prices at a glance (June 01, 1992)
Week’s Price (US) Change Gold* $338.45 + $1.00 Silver* $ 4.10 + $0.02 Platinum*$365.50 + $5.75 Nickel** $ 3.35 + $0.04 Lead** $ 0.23 0.00 Copper $ 1.01 0.00 Zinc $ 0.64 + $0.01 Courtesy of Scotiabank….
Mining companies cut costs to weather lower metal prices
Mining companies the world over are battening down the hatches to weather low metal prices, as rising costs are further eroding their shrinking revenues. One of the most extreme examples comes from Co…
War Eagle drilling Mexican prospect
An additional 10,000 ft. of reverse circulation drilling was recently started at the La Blanca property in Chihuahua, Mexico. War Eagle Mining (VSE), owner of the property, is attempting to further de…