Cambior output rises by 29%
Gold production increased by 29%, to 233,321 oz., during the first half of 1993 compared with the same period last year, Cambior (TSE) reports. The increase is attributed to start-up of production in …
Articles by Northern Miner Staff
Amax writes down Hayden Hill
High operating costs resulting from lower-than-expected head grades at the Hayden Hill mine prompted Amax Gold (NYSE) to take a second-quarter writedown of US$69 million. Since June, 1992, when the mi…
Jordex reviews Hushamu project
A team of independent specialists has completed a review of the Hushamu copper-gold project on northern Vancouver Island, B.C. The study was commissioned by Jordex Resources (TSE), which is earning a …
NEWS ROUNDUP — Chesbar, Spirit option third play
Two Montreal-listed companies, Chesbar Resources and Spirit Lake, have clinched a deal on a third Venezuelan gold property. Known as the July Concession, this prospect covers 2,000 hectares in the act…
TSE Short Positions (August 02, 1993)
Semi-monthly reports as of July 15, showed 82,360,427 shares of 728 issues compared with 80,138,215 shares of 704 issues on June 30. Larger individual positions included: Aber 107,000, down 25,000; Ag…
NEWS ROUNDUP — Loubel options Messeguay play
A Quebec-based junior has acquired from Messeguay Mines (ME) an option to earn a half interest in the Verneuil gold property near Quevillon, Que. Loubel Exploration (ME) may earn its interest by spend…
DIAMOND PAGE — DHK results represent next milestone in
At presstime, investors were eagerly awaiting results of recent drilling on property held by DHK Resources in the Lac de Gras area. The DHK group of companies, along with partner Kennecott Canada, has…
THE DIAMOND PAGE — Matkin hearing tours B.C.
The inquiry into the operations and regulation of the Vancouver Stock Exchange (VSE) and British Columbia Securities Commission has taken to the road for public hearings. The inquiry headed by James M…
Barytex reorganizes, joins with Romanex; VSE-listed
Besides changing its name from Barytex Resources, the company has announced a change of control and a rollback of one new share for every four old shares. It has also amalgamated with a private compan…
Initiative buys chemical business
CDN-listed Initiative Explorations has bought a 12% interest in Riba Corp., a Delaware-based chemical company. The price: US$200,000. Initiative plans to provide Riba, which is operating on a break-ev…
Teddy Bear Plan approved by court
Members of a 66-year-old syndicate will be reinstated as shareholders of Teddy Bear Valley Mines (CDN) following approval of the company’s Plan of Arrangement by the Ontario Court of Justice. The plan…
Correction (August 02, 1993)
The share consolidation when Zahavy Mines (ZVY:ASE) recently changed its name to Xavier Mines (XXX:ASE) was one new share for five old shares. It was incorrectly stated as a one-for-one swap.