Denison has loss in first quarter
Improvements at Denison Mines’ (TSE) uranium operations at Elliot Lake, Ont., were offset by a number of other factors including lower oil and gas production during the three months ended March 31. As…
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PEOPLE ACADEMY RESOURCES
Ted Yardley appointed to the Board of Directors.
LETTERS TO THE EDITOR Noranda clarifies `tin suit’
For the record, your April 23 issue referred to “Tin suit fails” in which it was indicated that Noranda lost its suit against the federal government over the International Tin Council affair. In fact,…
Third Eskay zone boosts neighbors
Recent drilling by Prime Explorations below the 21B and 21A zones on the Eskay Creek project north of Stewart, B.C., has encountered a new and discrete mineral zone that lies well beyond existing rese…
Newmont Gold sales record for quarter
North America’s largest gold producer Newmont Gold (NYSE) had a record quarter with gold sales from its Australian and Carlin, Nev., mining operations of 395,700 oz. That represents a 46% increase on …
Ptarmigan mine output growing for Treminco
Vancouver-based Treminco Resources (TSE) appears to be making progress in its bid to become a successful small-mine operator in North America. Record monthly gold production was achieved recently at t…
Environmental cleanup could cost $7 billion
Repairing the damage caused by mining companies to the environment and developing the technology to ensure compliance with new environmental legislation will have a serious financial impact on the ind…
Byproduct mining sends supply of silver soaring
The increasing supply of silver from new mine production is weighing heavily on the price of the precious metal. “Because the large proportion of this production comes from the byproduct mining of cop…
Little relief seen from industry downturn
The Canadian diamond drilling industry has plunged into another economic downturn and things could get worse before they get better. Tim Bremner, general manager of Logan Drilling and outgoing preside…
Corrections (May 21, 1990)
Contrary to what was reported (T.N.M., April 16/90), the Caribou lead-zinc mine in New Brunswick, which Breakwater Resources (TSE) has agreed to acquire, contains proven reserves of 1.9 million tonnes…
Bethlehem, Goldnev plan to merge; An agreement in principle has
Both companies recently appointed independent consultants to prepare a fairness opinion for the proposed merger, specifically to determine a share exchange ratio. The principal assets of the two compa…
INSIDE Australian rig a major innovation
Hailed by some as the most exciting and innovative development in the drilling industry since the introduction of the wire-line core system, the multi- purpose drill rig system developed in Australia …