Teck joins Loubel at Lemoine in Quebec
In the wake of its acquisition last year of the Lemoine polymetallic property, near Chibougamau, Que., Loubel Exploration (LBX-M) has found a major partner for the project.Serving as operator, Teck (T…
News
Globex gains Poirier base metal property
Rouyn-Noranda-based Globex Mining Enterprises (GMX-T) has secured the mineral rights to the past-producing Poirier copper-zinc mine, near Joutel in northwestern Quebec.In a complex deal involving mini…
Richmont Mines enjoys a record year — Small producer succeeds in clearing debt from books
With higher production coming from all the operations in which it has an interest, Richmont Mines (RIC-T) has paid off its long-term debt in a bid to control its financial costs.The company operates t…
LETTERS TO THE EDITOR — Merits of geostats make for lively debate
I am one of many of your readers with a quick thought on the application of geostatistics. I have been following these letters with interest and have gained a lot from them.As the application of geost…
‘Shifting sands’ theme of CIM/MES symposium
Few industries are as cyclical as mining, or as fraught with technical, social and environmental challenges. To help mining professionals manage risks and meet changing expectations, the Canadian Inst…
Jusuf Merukh loses lawsuit
The Supreme Court of British Columbia has granted AG Armeno Mines & Minerals (AGM-T) default judgment in its lawsuit against Jusuf Merukh in a matter involving the Batu Hijau copper-gold project in In…
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow rebounds after slide
The Dow Jones industrial average ended a 4-day slide during the report period Jan. 13-19, following an all-time high in the previous week. The average gained about 200 points to close at 9,355.22.The …
LETTERS TO THE EDITOR — Greenback as good as gold
The writer would like to take this opportunity to thank you for the editorial “Canada selling again” (T.N.M., Dec. 14-20/98).With the U.S. dollar being the No. 1 accepted currency of world trade, one …
TSE INDICES (January 25, 1999)
1999Jan. 19Jan. 18Jan. 15Jan. 14Jan. 13HighLowCom…
DIAMOND PAGE — Lacklustre results from Buffalo Hills
Ashton Mining of Canada (ACA-T) has met with a setback at the Buffalo Hills diamond exploration project in north-central Alberta: the analysis of a mini-bulk sample from kimberlite K-11 has proved une…
MINING & OPINION – COMMENTARY — Gold hedging here to stay
Although hedging by gold mining companies has had a relatively short history, it has reached a position of great significance, and not just to producers. Nowadays, any potential investor, any dealer i…
Highland Valley falls victim to low metals prices
The Highland Valley copper mine in the Kamloops region of British Columbia is the latest casualty of poor commodity prices.The major decline in world copper prices over the past 18 months has forced t…