Cominco Res. records operating profit
The Glenbrook Nickel, Buckhorn and Maria operations achieved a combined operating profit of $6.79 million for Cominco Resources International (TSE) in 1991. But after writing off abandoned properties …
News
Dome cuts costs by 40% following bitter strike in 1990
In an extremely impressive turnaround, the Dome mine here of Placer Dome (TSE) has become one of North America’s lower-cost gold producers. At a recent Chamber of Commerce seminar, Dome general manage…
PRODUCER PRICES (March 09, 1992)
ALUMINUM: MW U.S. market US58.75-60.50 cents per lb. (Feb. 20, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.90-3.10 per lb. (Jan. 23, 1992). CAD…
Falconbridge cuts 1992 exploration budget by 20%
Toronto-based Falconbridge plans to spend $40 million on exploration in 1992, compared with $50 million in 1991. Grassroots funds will be directed mainly at projects in Ontario and Manitoba, including…
More work planned on Stewart property
Calgary-based Trev (ASE) recently announced that Cameco (TSE) will proceed with a second-phase program of reconnaissance and detailed follow-up work on the Stewart property in northwestern British Col…
NEWS IN BRIEF (March 09, 1992)
Eden Roc Mineral (ASE) recently announced its first production pour — 313 oz. of dore — from its Afema heap leach gold mine project in the Ivory Coast, West Africa.
FINANCING (March 09, 1992)
Axagon Resources Ltd – 300,000 units consisting of 1 sh and 1 wt offered @ $1.40 per unit. GHZ Resource Corp – 600,000 shs offered @ 20 cents per sh. Aquila Resources Ltd – 1,000,000 shs offered @ 35 …
Tri Origin tests potential of its Australian property
With the application of “Canadian-style” exploration techniques, Tri Origin Exploration (TSE) figures it has a good chance of finding a polymetallic massive sulphide deposit on its Lewis Ponds propert…
Morgain drilling in New Hampshire
Drilling is under way at the Higgins property in New Hampshire, says owner Morgain Minerals (VSE). The company will test two geophysical conductors, one on the southern half and the other on the north…
Lyndhurst program
Preliminary field work is under way at the Lyndhurst base metal project in Destor Twp., Que., Globex Mining Enterprises (ME) reports. Globex’s joint venture partner is Noranda Exploration. Survey work…
Jordex boosts Hushamu reserves
With the recent completion of a 16,000-ft. drilling program on the Expo property on Vancouver Island, Jordex Resources (VSE) estimates that minable open pit reserves in the Hushamu deposit have jumped…
NEWS ROUNDUP (March 09, 1992)
The transfer of the majority interest in an Australian uranium project is expected to net Denison Mines (TSE) about $25 million, the company says. The purchaser is not named but Denison said the trans…