Gibraltar earnings decline slightly
Although 1992 pre-tax earnings for Gibraltar Mines (TSE) increased over 1991 levels, higher income taxes as a result of non-deductible items resulted in lower net earnings. Gibraltar made $3.1 million…
News
Wrightbar options lithium property
Wrightbar Mines (ME) has optioned three lithium properties in northeastern Quebec from Abitibi Lithium Corporation, a private company in Val d’Or, Que. Abitibi will receive $25,000 in cash, 2.2 millio…
NEWS ROUNDUP — Prairie Creek drilling
Step-out drilling at the Prairie Creek project in the Northwest Territories continues to return massive sulphide zinc-lead-silver mineralization. San Andreas Resources (VSE), currently earning a 60% i…
Rio Algom posts profits for 33rd consecutive year
Last year marked the 33rd consecutive year of profits and dividends for Rio Algom (TSE). In 1992, the company posted a net profit of $39.4 million on revenues of $1.03 billion. At the annual meeting i…
Bruneau Minerals drills kaolin play
Two parallel kaolinite zones have been discovered by Bruneau Minerals (ME) on its De Salaberry Twp. property, 120 km northwest of Montreal. The zones were delineated by magnetic and electromagnetic (V…
COMMENTARY — Choosing gold equity stocks
Gold equity markets throughout the Western world have all recorded strong performances since the inauguration of U.S. President Bill Clinton in mid-January. Leaving aside the reasons for our current b…
Island Copper mine to close in 1996 — Garbage dump proposed
Tucked away in the tranquil fjord country of northern Vancouver Island, the Island Copper mine of BHP Minerals Canada is becoming the focus of some unfamiliar media attention. This large open pit has …
Caledonia, Falconbridge Gold report Zimbabwe gold find
The first phase of an exploration program near the town of Kwe Kwe, Zimbabwe, has turned up a gold discovery, Caledonia Mining (TSE) and its 48%-indirectly-owned subsidiary, Reunion Mining (Zimbabwe),…
Starmin, Adex sample anomaly
Encouraging preliminary results were received from rock-chip sampling one kilometre west of the Asia Pacific copper porphyry deposit in the Philippines, partners Starmin Mining (TSE) and Adex Mining (…
Correction (May 03, 1993)
Although a recent Burns Fry report rates the impact of a proposed royalty on Glamis Gold (TSE) as “severe” (T.N.M., April 26/93), the rating applies only if a royalty is placed on all U.S. reserves, i…
Home Ventures cuts mineralization
Home Ventures (VSE) has intersected a strong zone of pyrite and blue quartz mineralization in a second drill hole at the McGarry Twp. gold property near Larder Lake, Ont. The property, two miles east …
NEWS ROUNDUP — Marmora plans amalgamation
Two unlisted companies, Marmora Mineral Products and Gitennes Exploration, plan to amalgamate, and the new company, to be known as Gitennes Exploration, is expected to trade on the Canadian Dealing Ne…