Tests inconclusive at Trail smelter
Revisions to the problem-plagued QSL lead smelter at Trail, B.C., will remain on hold while test work continues aimed at resolving major process and mechanical difficulties which forced a shutdown of …
News
Falconbridge hit by metal slump
Toronto-based Falconbridge, the western world’s second largest nickel producer reported net earnings of $9.9 million in the three months ended June 30, down from $26.8 million in the same period last …
200,000-oz. gold producer born by Royal Oak amalgamation
Canada has a new intermediate gold producer. Royal Oak Mines (TSE) is a 200,000-oz.-per-year gold company formed from the recent amalgamation of Royal Oak Resources and four companies in the Pamour gr…
Nerco employee wins award
An employee of the Nerco Con mine was recently awarded US$5,000 by a unit of Nerco (NYSE) for his efforts in developing pressure oxidation methods for gold extraction and toxic waste treatment at the …
Iskut area roadcut reveals ore-grade massive sulphides
Project operator Adrian Resources (VSE) is reporting the discovery of massive sulphide mineralization on the Sky Creek property in the Iskut River region of northwestern British Columbia. Adrian can e…
OSC suspends trading privileges
GR Capital and its president, Glen Harper, have had their trading privileges suspended as part of a settlement agreement after allegedly violating certain takeover bid provisions of the Ontario Securi…
Bull Run extends share purchase
Colorado-based Bull Run Gold Mines (NASDAQ) says its directors have extended the share repurchase plan approved last December. Under the extended plan, Bull Run may purchase up to two million of its c…
Wheaton shares start trading
Shares of Wheaton River Minerals (TSE), the first new junior mining company to be cleared for listing on The Toronto Stock Exchange this year, began trading recently at around 43 cents. With 5.9 milli…
NEWS IN BRIEF (July 29, 1991)
Massif Minerals Corp. (MSF:VSE) has changed its name to World Wide Oil & Gas Inc. The new company has no further interest in mineral mining.
EDITORIAL PAGE (July 29, 1991)
In Watson Lake, Yukon, mining is not the dirty word it seems to be in some of the more isolated ivory towers of this country. The community of 1,800 is happy to be the base for a new lead-zinc mine ex…
Financing (July 29, 1991)
Omax Resources Ltd. – 500,000 shs offered @ 50 cents per sh. Tombstone Explorations Co. Ltd. – 800,000 units consisting of 1 sh and 2 series “A” purch wts offered @ 45 cents per unit Jordex Resources …
Vendors, operators battle over NPI royalties
The confusion surrounding net profits royalties (NPIs) and their definition is resurfacing once again, this time in the form of a dispute between American Barrick Resources (TSE) and part-time prospec…