Cominco boosts earnings
Net earnings of $18.1 million were reported by Cominco (TSE) for its 1992 second quarter ended June 30, a substantial improvement over this year’s first-quarter loss of $4.9 million. The latest result…
News
Hemisphere tests lamproite pipe
Testing is under way on a 1,000-tonne bulk sample taken from the Leopold Downs lamproite pipe in western Australia by Vancouver-based Hemisphere Development (VSE). Hemisphere, which is earning a 80% i…
Western Troy commences work on bulk sample
Western Troy Capital (ASE) has started work on a program to take a 500-ton bulk sample from its gold prospect in Menary Twp. in northwestern Ontario. The company says it has recovered 24 oz. gold from…
Izok opening up the North
The challenge of further exploring and developing the Izok Lake, Hood River and Gondor massive sulphide properties in Canada’s far north appears to be off to a strong start. Faced with the reality of …
PEOPLE — INTERNATIONAL PRECIOUS METALS INSTITUTE
Francis Curren elected president; Robert Sippel elected first vice-president; Melvyn Frydrych elected second vice-president; Matthew Garfield elected treasurer.
PEOPLE — YUMA GOLD (August 17, 1992)
Joseph Abbinante and Donald Neal appointed directors.
PEOPLE — HOMESTAKE MINING (August 17, 1992)
Peter Steen elected president, chief operating officer and director; M. Anderson, William Humphrey elected directors.
NovaGold gets approval for New Brunswick copper mine
A copper mining and processing operation at the Murray Brook mine of NovaGold Resources (TSE) in northern New Brunswick will proceed now that the environmental permits have been received, the company …
Equinox fires up Van Stone mine
After nine months in mothballs, the Van Stone zinc mine near Colville, Wash., was recently brought back into production at 1,000 tons per day by owner Equinox Resources (TSE). Low zinc prices forced t…
NEWS ROUNDUP — Teck’s mines report profits
With all mining divisions operating profitably, Teck (TSE) reported net earnings of $12 million for this year’s second quarter ended June 30, up from $9 million in the previous quarter and similar to …
Mikwam drill results released
Drill results from Trader Resources’ (TSE) 50% owned Mikwam property in northwestern Quebec’s Casa Berardi area have not been able to match results from the first hole which included a 14.1-ft. sectio…
Western pulls out from Jones Hill
The recent withdrawal of Western Mining from the Jones Hill joint venture came as a surprise to Champion Resources (VSE) which is currently seeking advice from its lawyers because of the unexpected de…