United Pacific posts gain
Claiming top spot as the most active issue on Canadian exchanges for the week ended April 7 was United Pacific Gold (VSE). During this period, the Vancouver-based junior mining company posted a gain o…
News
NEWS IN BRIEF (April 13, 1992)
Luxor Resources Ltd. (LRL:VSE) has changed its name to Luxor Industrial Corp. (LRL:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Montreal Trust.
GUEST COLUMN (April 13, 1992)
This is a fortuitous time to be marking the Geological Survey of Canada’s 150th anniversary (the official anniversary of the survey is April 14, 1992.) We are in the midst of a profound process of con…
PEOPLE (April 13, 1992)
Donald Shwery appointed president; David Edwards ap- pointed director.
Teck invests in Chilean venture
Armed with funds from a recent private placement, Arauco is planning to accelerate exploration programs on the more developed properties which it has acquired in southern Chile. Funding for this work …
Sale of interest in Cominco, Afton lifts Metall income
Proceeds of $18 million from the sale of its interest in Cominco (TSE) and Afton Mining boosted Metall Mining’s (TSE) earnings to $15.2 million (35 cents per share) in 1991 from $2.9 million in 1990. …
Cheni to lease Mets gold deposit
A recent agreement with two junior companies sets the stage for Cheni Gold Mines (TSE) to begin a feasibility study and development plan to mine and mill the Mets gold deposit in the Toodoggone distri…
Metall ups stake in M.I.M. to 13.9%
German metals giant Metallgesellschaft AG, has agreed to sell Toronto-based subsidiary Metall Mining (TSE) 75.6 million shares of Australian company M.I.M. Holdings in exchange for 13.1 million shares…
Coeur losses reflect merger
The recent losses reported by Coeur d’Alene Mines (NYSE) reflects substantial non-recurring, non-cash writedowns related to the company’s acquisition of Callahan Mining which became effective at the e…
More study ordered for part-time garnet mine
The British Columbia government is calling for additional study on the Crystal Peak garnet project before a permitting decision is made. Anne Edwards, energy and mines minister, and John Cashore, mini…
Texas smelter plans are withdrawn
Plans to construct a copper smelter at Texas City, Tex., with the capacity to process 182,000 tonnes per year have been withdrawn by Mitsubishi Materials. The company announced in 1989 it would go ahe…
Crown slips into the red
Higher production costs at its 30% owned Kettle River project in Washington state helped push Crown Resources (TSE) into the red for the year ended Dec. 31, 1991. The company reported a loss of US$1.0…