Starrex maintains strong cash position
Last year’s closure of the Star Lake gold mine in northern Saskatchewan was reflected in the 1989 financial results of Starrex Mining (TSE). The company, which holds a 35% interest in the Star Lake mi…
News
Proxy fight at Goldcorp
A proxy fight is brewing at Goldcorp Investments, where Robert Simon and James McCartney are asking holders of the company’s A shares to appoint one of them as a proxy representative at the Goldcorp a…
Juniors trying to develop industrial mineral deposits (June 18, 1990)
It may not garner as much news coverage as the exploration for precious and base metal deposits, but the search for industrial minerals is a serious undertaking of more than a few mining companies. Te…
Terra board shuffle, part of revival plan
As part of an attempt to recover from a $7.9-million loss in 1989 and a writedown in the value of a Mexican affiliate, Edmonton-based Terra Mines (TSE) recently announced some boardroom changes. Forme…
Northwestern B.C.’s pioneer mines finding the going rough (June 18, 1990)
Pioneering mine operators are finding it rough going in the area north of Stewart, B.C., paralleling the border between British Columbia and Alaska and including the Stikine Arch. They hope that the c…
INSIDE Harker-Holloway
One of this summer’s biggest drilling campaigns for gold in Ontario is being conducted by Noranda and Freewest at their Harker-Holloway project near Matheson, Ont. Other nearby projects make this one …
BMR encouraged by drilling
Recent drilling on the America Mine project owned and operated by BMR Gold (VSE) has further delineated the area where the company hopes to start open pit mining. The America Mine is in San Bernardino…
Ferroalloy meeting
Metals Week’s annual Ferroalloy Conference will be held 0ct. 25-26 in Tucson, Ariz. The conference will focus on the market’s new harsh realities and will highlight the nickel, tungsten and molybdenum…
INSIDE Environment watch
For mining companies, the increasingly rigorous environmental standards being established are creating unexpected costs. The larger, cash rich companies have been able to absorb these costs, but the i…
Shaft commissioned at Trout Lake
Ore is now being hoisted up the newly commissioned 2,100-ft. shaft at the Trout Lake mine owned 29% by Granges (TSE), 44% by Hudson Bay Mining & Smelting (TSE), and 27% by the government of Manitoba. …
Vancouver Stock Exchange Trading buoyed by Eskay play
Up until the week ended June 12, gold’s dismal performance wasn’t putting much of a damper on trading activity on the Vancouver Stock Exchange. In fact, recent increases in both volume and value of sh…
Montreal Stock Exchange Val d’Or big trader
News of a deal with Noranda Mines covering exploration of property adjacent to the Bardome zinc project in the Val d’Or, Que., area helped to spark the trading of more than 1.2 million shares of Resso…