GUEST COLUMN (June 01, 1992)
Suppose for example the provincial government decided it wished to have a good selection of Emily Carr paintings in its provincial gallery and it passed legislation which permitted a committee appoint…
News
New staking beats previous records at Lac de Gras
One of the biggest staking rushes in North American history gathered momentum recently as crews representing junior and senior mining companies from across the continent flew in to claim more ground i…
Homestake extends offer for Corona
By agreement of all parties, the date by which Homestake Mining (NYSE) is to make a share exchange offer to shareholders of International Corona (TSE) was recently extended to June 15, 1992. The exten…
Placer’s earnings fall despite lower production costs
Despite a 29% increase in gold production and the lowest cash production costs since 1987, Placer Dome’s (TSE) net earnings fell to US$11 million for the first three months of this year from US$15 mil…
Coeur d’Alene posts earnings
Idaho-based Coeur d’Alene Mines (NYSE) posted net earnings of US$494,000 for its 1992 first quarter, an improvement over the US$2.24-million loss reported for the comparable 1991 period. A total of 1….
Lenora drills Rickard project
Encouraging results have been returned from drilling of the Rickard Twp. property about 40 miles east of the Kidd Creek mine at Timmins, Ont., Greater Lenora Resources (TSE) says. The four holes retur…
Cominco Int’l options copper project in Chile
Globe-trotting Cominco Resources International (TSE) recently optioned a Chilean copper property where previous work has already identified several million tonnes grading about 1% copper as well as nu…
Prospects of finding economic diamond deposits lure
While gold may have lost some of its traditional lustre, the prospects of discovering economic diamond deposits is luring investors back to western markets. The Vancouver Stock Exchange composite inde…
Stratmin restructures debts of $18 million
Montreal-based Stratmin (ME) says 75% owned Stratmin Graphite has completed the restructuring of $18 million in long-term debt owed to the Canadian Imperial Bank of Commerce. Under the restructuring, …
NEWS ROUNDUP (June 01, 1992)
Quebec Crown mining exploration company Soquem is set to begin exploration on the copper properties of Corner Bay Minerals (TSE) near Chibougamau, Que., after signing two option agreements with the To…
MINER DETAILS (June 01, 1992)
Eat my words? Not quite, but I’ve spent a lot of time recently explaining my opinion on diamond exploration, particularly in light of the promising results of a bulk sample from the Lac de Gras diamon…
LETTERS TO THE EDITOR (June 01, 1992)
To say that diamonds are virtually worthless is a gross misrepresentation of the facts (“Diamond find won’t help mining,” T.N.M., April 20/92). Yes, synthetic industrial diamond production exceeds nat…