Gold production at the low-cost Golden Giant mine of Hemlo Gold Mines (TSE) in northern Ontario probably peaked in 1991 at 443,400 oz., according to the Noranda (TSE) controlled company. Hemlo Preside…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 5 May 4 May 1 Apr 30 Apr 29 Copper 1231-1232 NA 1233-1234 1242-1243 1245-1246 Le…
The recent acquisition of the Hope Brook gold mine in southwestern Newfoundland means Peggy Witte will probably end 1992 with more frequent flyer miles than any other Canadian mining executive. The ha…
With reserves at its open pit silver mine near Houston, B.C., expected to be depleted this summer, Equity Silver Mines (TSE) is left reviewing its future. The mine originally opened in the third quart…
A labor strike at the Balmer coal mine in southeastern British Columbia threatens plans by Westar Mining (TSE) to restructure the company’s debt. Westar operates the Balmer and Greenhills open pit met…
Partners Cross Lake Minerals (VSE) and Glen Auden Resources (VSE) report that New Legends Metals has spent more than $100,000 on their claim package in the Casa Berardi region of northwestern Quebec. …
Junior mining company Silver Bar Mines has been found guilty by a provincial court judge in North Bay, Ont. of filing a press release containing misrepresentations. Ronald Gilson, president and a dire…
A recent hole drilled by Yellowjack Resources (VSE) to further test the Main zone on the Katie claims returned 426 ft. grading 0.2% copper and 0.008 oz. gold per ton from 226-650 ft. The company recen…
In order to fund expansion plans at the Glenbrook nickel refinery and development work at a copper project in Turkey, Cominco Resources International (TSE) recently announced plans to raise $20 millio…
The federal government has awarded a total of $125,000 to participants in the federal environmental assessment of a proposed expansion at the Rabbit Lake uranium mine. The northern Saskatchewan mine i…
Stepout holes on the Hurdman Twp. joint venture property north of Timmins, Ont., have confirmed that the zinc-rich zone intersected in the first drill program (T.N.M., Jan. 20/92) of Noront Resources …
Copper oxide specialist Arimetco International (TSE) has raised $24.9 million via a private placement of 5.2 million special warrants at $4.75 each. Acting as underwriters were Midland Walwyn Capital …
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