EDITORIAL PAGE (March 23, 1992)
Heading to Latin America for mineral exploration is all the rage these days, but investing south of the Rio Grande is no guarantee of success. In fact, apart from Chile, success stories are few and fa…
News
PROFILE (March 23, 1992)
By 1998, all of Minnova’s currently producing mines would have exhausted their reserves though the company is awash in cash. Last year Minnova earned more than $8-million interest from its cash alone….
NEWS ROUNDUP (March 23, 1992)
Kennecott plans new smelter, refinery Kennecott, a unit of Britain’s Rio Tinto Zinc, is planning to spend US$880 million to build a new smelter and expand the refinery near its Bingham Canyon copper-g…
Save Our North planning rally at PDAC convention
Support for a grassroots government lobbying effort launched by prospectors in the Timmins area has gained widespread support throughout northern Ontario. The group behind the effort is growing increa…
Consultant predicts copper price hitting $1.40 in ’93, $2 by ’95
Copper will rise to US$1.40 per lb. in 1993 and US$2 in 1995 says consultant William Hill of MPH Consultants Ltd. Hill, who has 25 years of experience in consulting to the copper industry, was speakin…
U.S.REPORT (March 23, 1992)
Joint venture partners Texas Star Resources (VSE) and Harrison Western Mining recently signed a deal with a subsidiary of Cyprus Minerals (NYSE) to fund a bankable feasibility for the Keystone project…
OMA alarmed by revised Hydro plan
As environmental hearings on Ontario Hydro’s 25-year, demand-supply plan enter their second year, the Ontario Mining Association (OMA) is growing increasingly concerned about the direction the plan is…
Cambior output up, earnings decline
Gold production in 1991 totalled 312,665 oz., Cambior (TSE) reports, up by 31% from the previous year. Net earnings plunged, however, to $13.9 million from $23.9 million in 1990 on about the same reve…
Arizona Star drilling Aldebaran
A second-phase exploration program is now in progress at the Aldebaran project under option to Arizona Star Resource (TSE) in north-central Chile. Arizona Star is earning a 51% interest in the propert…
Hockey match set for March 30
The third annual Norman Keevil Memorial Hockey Game will be played March 30 at Toronto’s Moss Park Arena, 140 Sherbourne St., in conjunction with the convention of the Prospectors and Developers Assoc…
Bachelor plans ore shipment to Lac Shortt for processing
Toronto-based Bachelor Lake Gold Mines (TSE) says it will send 20,000 tons of broken gold ore from its mine near Desmaraisville, Que., to be processed at Minnova’s (TSE) Lac Shortt mill. Lac Shortt is…
Amax drilling at Haile
With its purchase option expiring May 1, 1992, Amax Gold (NYSE) is operating three drill rigs on the Haile gold property near Kershaw, S.C. Amax can earn a 62.5% interest in the property from Piedmont…