New Canamin options Kennecott ground
A recently completed agreement gives New Canamin Resources (VSE) the right to acquire a 100% interest in the Huckleberry and Whiting Creek copper deposits owned by Kennecott. The two deposits are abou…
News
Northgate selling shares in MSV
An approximate 33% ownership interest in MSV Resources (ME) is being sold by Northgate Exploration (TSE) in a deal which subsequently involves directly and indirectly several junior companies. Nova-Co…
METALS MARKETS (June 08, 1992)
Base metal markets are exhibiting signs that the long downturn may be nearing an end. Scrap generation is low and any pickup in demand must draw on relatively small inventories in producers’ hands and…
Asarco poised for metal price upswing
Commenting on the 1991 performance of Asarco (NYSE) at a recent meeting of the Toronto Society of Financial Analysts (TSFA), Chairman Richard de J. Osborne said it was “not a great earnings year.” Asa…
Cameco president presents positive long-term view
Producer Cameco (TSE) of Saskatoon remained profitable in 1991 despite low uranium prices. Earnings were $1.03 per share compared with $2.21 in 1990. Despite a lacklustre year, President Bernard Miche…
Bulk sample at Raglan (June 08, 1992)
Activity at the Raglan nickel-copper property in northern Quebec increased dramatically with the decision by Falconbridge last year to proceed with $35 million in advanced exploration and development …
Preferred shareholders halt Eastmaque, Equinox merger
A proposed merger between Equinox Resources (TSE) and Eastmaque Gold Mines (TSE) hit a regulatory snag when the British Columbia Supreme Court recently declined to approve the combination. The two com…
Placer Dome’s Pipeline find subject of Gold Fields’ lawsuit
A unit of Placer Dome (TSE) is continuing work on the Pipeline gold deposit in Nevada although Gold Fields Mining recently launched a lawsuit seeking the return of claims believed to contain about 45%…
Rayrock plans Marigold drilling
Drilling at the Marigold gold project in Nevada, south of the East Hill deposit, indicates potential for additional heap leach reserves, Rayrock Yellowknife Resources (TSE) reports. The company, which…
Homestake extends offer for Corona
By agreement of all parties, the date by which Homestake Mining (NYSE) is to make a share exchange offer to shareholders of International Corona (TSE) was recently extended to June 15, 1992. The exten…
Others’ Words (June 01, 1992)
Our industry is the target of many ill-informed groups that seldom reflect the views of local communities. However, we believe that our strong environmental performance, community involvement and educ…
NEWS IN BRIEF (June 01, 1992)
Musto Explorations Ltd. (MUX:VSE) has changed its name to International Musto Explorations Ltd. (IMZ:VSE) with a consolidation of capital on a 1-new-for-20-old-share basis.