Coeur losses reflect merger
The recent losses reported by Coeur d’Alene Mines (NYSE) reflects substantial non-recurring, non-cash writedowns related to the company’s acquisition of Callahan Mining which became effective at the e…
News
Hemisphere samples Australian pipe
Results from four samples taken on the Leopold Downs lamproite pipe in Western Australia indicate that the pipe’s diamonds can be recovered by gravity separation, says Hemisphere Development (VSE). Th…
Cameco drilling finds new zone at Contact Lake
Cameco (TSE) has discovered a new gold zone on the Contact Lake (Preview Lake) property north of La Ronge, Sask. Drilling along the Bakos structure, where three zones have already been identified, Cam…
33 mines shut down in 1991, net job loss reaches 2,000
Ore depletion, low metal prices and depressed market conditions resulted in the permanent closure or suspension of 33 Canadian mines in 1991, according to the Mineral Policy Sector of Energy, Mines an…
Pine Cove wins environmental OK, seeks financing
Having won environmental approval for its Pine Cove gold project in Newfoundland, NovaGold Resources (TSE) is preparing to raise $14 million to build a 1,500-ton-per-day vat leach operation. NovaGold …
Cyprus completes first phase of smelter expansion project
The first phase of a US$100-million modernization and expansion project was recently completed by Cyprus Minerals (NYSE) at its copper smelter in Miami, Ariz. Copper concentrate feed was loaded into t…
Galactic looks to the future
With the recent sale of its 50% interest in the Ivanhoe joint venture in Nevada for US$13.4 million, Galactic Resources (TSE) is a step closer to completing a restructuring of its assets. The company …
PROFILE (April 13, 1992)
Always mindful of being an ambassador for the mining industry, Mark Rebagliati wastes no opportunity to communicate his belief that British Columbia’s explorationists and miners are the most environme…
Madeleine settles legal problems
Almost six months after taking over the reins at Madeleine Mines (TSE), representatives of Oklahoma-based Kaiser-Francis Oil have resolved all remaining charges pending against the Toronto company. Ma…
KWG, Soquem in option deal
An option to earn up to a 50% interest in the Louvax property in Louvicourt Twp., Que., has been acquired by Soquem from property owner KWG Resources (ME). Soquem, the Quebec Crown mining exploration …
NEWS IN BRIEF (April 06, 1992)
Gunnar Gold Mining Corp. (GGO:ASE) has changed its name to Attn Aveca Entertainment Corp. with a consolidation of capital on a 1-new-for-10-old-share basis. The transfer agent is Montreal Trust.
Mining for Miracles
Donald McLeod, newly appointed chairman of “Mining for Miracles,” will launch this year’s fundraising campaign in April. Last year the drive raised more than $400,000 for Children’s Hospital in Britis…