Giant Yellowknife lowers its costs
Improved third-quarter performance of the conventional operations at Timmins, Ont., and Yellowknife, N.W.T., helped Giant Yellowknife Mines (TSE) on the balance sheet. The company reports reduced mine…
News
Writedowns produce red ink for Granges
Property writedowns led to a 1989 third-quarter net loss of $7.86 million or 23 cents per share for Granges Inc. (TSE), compared with a net loss of $1.17 million or 5 cents per share for the third q…
Positive feasibility study for Mazarin graphite play
A positive feasibility study has been received by Societe d’Exploration Miniere Mazarin (ME) for its Lac Knife graphite project near Fermont, Que., and the Labrador border. The project, to operate at …
Zinc prices boost Pine Point earnings (December 04, 1989)
Northern lead-zinc producer Pine Point Mines (TSE) reported earnings of $74.3 million or $16.02 per share for the nine months ended Sept 30. This compares to $43.9 million or $9.47 per share in the pr…
Mitsubishi plans Texas copper smelter
A new smelter featuring continuous copper processing technology is being planned for Texas by Mitsubishi Metal. The smelter, with the capacity to produce 200,000 tonnes per year, is on the drawing boa…
News in Brief (December 04, 1989)
Hisway Mining Corp. has merged with Hisway Resources Corp. (HIS:VSE) under the latter name. Hisway Mining shareholders receive one new share for two old shares; Hisway Resources shareholders receive o…
Nova-Cogesco deals raise $3.5 million
Recently raising $3.5 million in two separate private placements was Nova-Cogesco Resources (TSE). One placement, which raised $1 million, was completed with Aur Resources (TSE) which purchased flow-t…
Rockford offering to finance takeover
Toronto-based Rockford Minerals (TSE) recently announced the terms of a rights offering designed to finance a takeover bid for Tyranex Gold (COATS) and to reduce Rockford’s indebtedness to Northfield …
Brunswick uncovers new sulphide zone north of minesite
Recent drilling by Brunswick Mining & Smelting (TSE) north of its No 12 lead-zinc mine at Bathurst, N.B., has revealed a new sulphide zone. A deep hole, A-248, from surface intersected a 13.4-m lens o…
Calpine shareholders group appeals to regulators
A fairness opinion for the proposed merger between Prime Resources (VSE) and Calpine Resources (VSE) has raised the ire of a group of Calpine minority shareholders. Speaking for the Calpine minority s…
5.8 million tons indicated Tulsequah ups reserves
An updated geological reserve estimate was released by junior partner Redfern Resources (VSE) for the Tulsequah Chief massive sulphide project in northwestern British Columbia. The new calculations in…
Ontario backing down from Bill 208
The Ontario government is backing away from legislation that would let designated workers shut down work places they consider unsafe (Bill 208). This is an outright insult to workers in Ontario. In 19…