Tin suit fails
An attempt by Noranda (TSE) to sue the federal government over losses suffered during the collapse of the international tin cartel in 1985 has been struck down by the Supreme Court of Canada. Noranda …
News
Low silver prices subdue United Keno Hill meeting
With silver prices at their lowest level since 1977, the subdued atmosphere at United Keno Hill Mines’ (TSE) recent annual meeting in Toronto was understandable. United Keno must wait for an upswing i…
U.S. Report Queenstake acquires Nevada properties
Encouraging results from early stage exploration work have prompted Queenstake Resources (TSE) to expand a first- phase geological and geochemical program to better define drill targets on its recentl…
Bonanza drill results
Assay results from four recent drill holes on the past-producing Poirier base metal property near Joutel, Que., have been released by Bonanza Metals (ASE). The best result is 28 ft. grading 6.66% zinc…
Pezim hearing adjourned until summer
Murray Pezim and several directors of his flagship company, Prime Resources Group (VSE), will have until early July to prepare for a hearing before the British Columbia Securities Commission. Pezim, J…
Fleck believes Dunka feasible
An in-house after-tax cash flow assessment by Fleck Resources (VSE) on the company’s Dunka Road deposit in Minnesota estimates a return of 15.9% on invested capital. The Dunka Road deposit was acquire…
Montreal Exchange: Volume slackens
Investors shied away from the market during the holiday-shortened week ended April 17; daily trading volumes ranged between a puny 3.1 million and 5.2 million shares. Key indicators showed a negative …
Barringer, Accurassay combine assay services
Two assaying companies, Barringer Laboratories and Accurassay Laboratories, have merged their services to create one continent-wide organization. Barringer has several labs in mining centres across No…
FUTURES PRICES; New contract at David Bell hikes wages by 22%
Management and union workers at the David Bell Mine at Hemlo, Ont., have signed a 3-year contract agreement that will increase wages by about 22%. The agreement, approved by 80% of local 9165 of the U…
Aber farms out two properties
An option to earn a 70% interest in the 74,000- acre Tikiraq property owned by Aber Resources (TSE) was recently granted to Echo Bay Mines (TSE). The property, 320 miles northwest of Yellowknife, N.W….
Gibraltar revises production forecast
The recent annual meeting of Gibraltar Mines (TSE) revealed a pleasant surprise for shareholders anticipating a reduction in throughput at the company’s copper mining operation near Williams Lake, B.C…
Shareholders vent frustrations at Muscocho group meetings
Questions about what went wrong at the Magino and Magnacon gold mines in northern Ontario took centre stage at the annual meetings of Flanagan McAdam Resources (TSE), McNellen Resources (TSE) and Musc…