Big loss for Timmins Nickel
Poor recoveries and lower nickel prices battered Timmins Nickel (TSE) during the second quarter ended Nov. 30, leaving the company with a quarterly net loss of $2.73 million (15 cents per share). Sinc…
News
Australian firm joins hunt for Great Lakes diamonds hunt
A part owner of the world’s largest diamond producer, the Argyle mine in Western Australia, has acquired control of a diamond prospect on the Michigan-Wisconsin border. Melbourne-based Ashton Mining, …
Landowners attack, close mine
In an attack reminiscent of the still unresolved 3-year-old Bougainville copper mine conflict, disgruntled Papua New Guinea (PNG) landowners have brought the operations of another mine site in the Sou…
Curragh facing gap’ in Faro output
Curragh Resources (TSE) is facing the possibility of having to lay off at least some of the 400 miners employed at its Faro zinc-lead mine in the Yukon, unless it can come up with financing for develo…
Barrick, Newmont team up at Post
After failing to merge his company’s gold-producing assets with those of Newmont Gold (NYSE), American Barrick Resources (TSE) Chairman Peter Munk has gone ahead and done the next best thing. Just six…
New formations uncovered at Eden Roc gold project (February 10, 1992)
New gold-bearing formations at eight locations have been encountered by Eden Roc Mineral (ASE) at its Cote d’Ivoire property in West Africa, the company says. Material from widely spaced reconnaissanc…
Galico, Noront strike deal for Hurdman exploration
Vancouver-based Galico Resources (VSE) and Noront Resources (VSE) have reached an agreement to finance further exploration on the Hurdman Twp. property, 45 miles northwest of Cochrane, Ont. To earn a …
Vancouver Stock Exchange — Placer news has ripple effect
Although the perception of local market direction appeared decidedly positive during the recent Cordilleran Roundup in Vancouver, the resource index managed to slip below the 500 level, off by 12.6 po…
Toronto Stock Exchange — Barrick surges on 1991 results, future
A sharp contrast between the fortunes of two of North America’s premier gold producers emerged during the week ended Feb. 4, as Placer Dome and American Barrick Resources laid their cards on the table…
Diamond play buoys Roundup
With mineral exploration in British Columbia and the Yukon in the doldrums, diamond exploration and where best to take Spanish or Russian lessons were popular topics for discussion among the approxima…
Martel’s fate reflects Ontariop mining’s fortunes
Ontario mining representatives have advised Premier Bob Rae that he may not be serving the industry well if he asks Northern Development and Mines Minister Shelley Martel to resign from cabinet over c…
Success, Sheridan style, may come to Guyana
Anyone who has had business dealings with J.P. (Pat) Sheridan agrees one would have to get up early to outwit him — a deal maker extraordinaire. Somewhat of a loner and gadfly but with the patience o…