News

Higher gold production and lower costs at its Arthur White mine, near Red Lake, Ont., have enabled Dickenson Mines (TSE) to post higher revenues and earnings during the first quarter. Earnings for the…

A feasibility has prompted Miramar Mining (VSE) to proceed with plans to mine the Bonanza zone at its Golden Eagle mine near Virginia City, Nev. Miramar owns a 60% interest in the property while its 1…

Canadian producers of mining equipment and services are getting serious about marketing their know-how beyond their borders. And they are beginning to see the advantages of a co-operative, joint marke…

Having read the British Columbia government’s A Mineral Strategy for B.C. — Discussion Paper, March, 1993, I can only conclude that the first half of the paper is a realistic appraisal of the problem…

Ontario Premier Bob Rae urged Canadian mining companies to increase their foreign exposure, at a recent “Meet the Miners” reception at the Royal Ontario Museum in Toronto. Rae said that while his gove…

Prince Nawaf of Saudi Arabia has sold four million shares of Horsham (TSE) at US$11.62, cutting his ownership of the investment company in half to 4.5%. The shares were sold on the New York Stock Exch…

Falconbridge will lay off 250 workers at its Kidd Creek complex in Timmins, Ont. A downturn in base metal prices has caused the layoffs, according to the company, a unit of Noranda (TSE) and Trellebor…

A long-range plan to ensure the financial viability of its smelter complex at Trail, B.C., has been unveiled by Cominco (TSE). Last year’s plan, laid out by the province’s job protection commissioner,…

Some of the proceeds from a recent $42-million private placement has been used by Venezuelan Goldfields (VSE) to complete acquisition of the Oro Uno property in Venezuela. The company has $20 million …

Operating losses have prompted Gibraltar Mines (TSE) temporarily to shut down the McLeese Lake open-pit copper mine and mill. The recent drop in the price of copper made it necessary to conserve cash,…

Drilling will soon begin on Stroud Resources’ (TSE) Hislop Twp. gold property near Timmins, Ont. The program will be carried out at the Creek zone where preliminary reserves total one million tons gra…

A private placement of three million units at 75 cents each has been completed by Platinova A/S (TSE). Each unit consists of one common share of Platinova plus one warrant to buy one additional share …