Latin America focus at Miami conference
A 4-day mining conference focusing on “Investing in the Americas” attracted 500-600 delegates to this southern U.S. city recently. Speakers from the various nations of Latin America, from Mexico to Ch…
News
Amax earnings cut in half
Despite a very successful price protection program, earnings for Amax Gold (NYSE) slipped to US$4 million in the first quarter of 1992. This compares with earnings of US$8 million in the first quarter…
Global bargains provide Lac’s best opportunity `in 40 years’
Formed recently to pursue joint venture and acquisition opportunities worldwide, LAC Minerals’ (TSE) business development group is now “very, very active”, president Peter Allen said at the company’s …
Gays River changing hands one more time
Officials at Dundee-Palliser Resources (TSE) are attempting to put together a $5 million financing package after signing a letter of intent to buy the Gays River lead-zinc mine in Nova Scotia from Wes…
Others’ words (April 27, 1992)
A country that decides it wants mining to happen will do something about it. It will establish regulations and taxes that favor mining and loosen restrictions on foreign ownership. Canada used to be t…
Goldbar plans drill program for Glover Island gold project
Newfoundland Goldbar Resources (CDN) plans to start a 12,000-ft. drill program on the Glover Island gold property in western Newfoundland to follow up on work completed last year. Under an option agre…
Martel retains cabinet post
A 2-month inquiry into the conduct of Ontario’s mines minister, Shelley Martel, ended recently without reaching a clear-cut conclusion. Martel, from the Sudbury, Ont., area, remains the minister of No…
OBITUARY (April 27, 1992)
William B. Dix, the former vice-president of McIntyre Porcupine Mines, died in Toronto recently at the age of 81. Born and educated in England, Dix spent almost his entire working life within the McIn…
LETTERS TO THE EDITOR (April 27, 1992)
I commend your stimulating editorial “Capital for Latin America” (T.N.M., Mar. 23/92). You do well to encourage the Canadian resource industry to participate in Latin America’s growing opportunities f…
CIM Meeting
Chilean mining joint venture law and privatization will be the subject of the next CIM Mineral Economics Society discussion group meeting at the Toronto Board of Trade, May 5. Jorge Bande, vice-presid…
Trout Lake, Crofoot improve for Granges
Record production was achieved by Granges (TSE) at its two producing mines during 1992. The company holds a 29% interest in the Trout Lake polymetallic mine near Flin Flon, Man., and operates the Crof…
Cazador increases Slocan holdings
The historic Hewitt-Van Roi property in the Slocan Mining division in southern British Columbia was recently purchased by Cazador Explorations (VSE), significantly increasing the company’s holdings in…