Earnings improve at Rio Algom
Recently cut loose by its parent, RTZ (NYSE) of London, Toronto-based Rio Algom (TSE) realized earnings of $8.2 million in the second quarter compared with $6.4 million for the same period of 1991. Ri…
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TORONTO STOCK EXCHANGE INDICES (August 10, 1992)
Aug 4 Aug 3 July 31 July 30 July 29 High Low Composite”300″3426.04 N/A 3443.42 3425.63 3424.62 4009.47 3009.91 Metals&Minerals 3050.08 N/A 3076.69 3069.92 3081.65 3453.06 2502.63 Integrated Mines3211….
Program under way at More Creek
An exploration program is under way at the More Creek property owned by joint venture partners Adrian Resources (VSE) and Hemlo Gold Mines (TSE). The polymetallic mineralization on the More Creek prop…
NEWS IN BRIEF; West Pride changes course, moves into granite
A planned reverse takeover of West Pride Industries (VSE) will result in a change in the company’s principal business. West Pride reached an agreement in principle to purchase all the outstanding shar…
EDITORIAL PAGE — We all sink or swim
When Price Waterhouse talks mining, people listen. For the past 24 years, the firm has summarized the financial results and economic impacts of British Columbia’s mining industry, and its annual repor…
LATIN AMERICA — Peruvian mine set for mid-1993
Subject to suitable financial arrangements and regulatory approval, the Yanacocha gold project in Peru will enter production in mid-1993, its owners say. Anticipated annual output is 100,000 oz. Capit…
LATIN AMERICA — Trade mission to Argentina
About two dozen mining firms took part in a mining investment mission to Argentina during the first week of August. The mission, sponsored by the Washington, D.C., office of the United Nations Industr…
Potash Corp. boosts income
Increased earnings and lower output of potash was reported by Potash Corp. of Saskatchewan (TSE) during the second quarter and first half of 1992. The Saskatoon-based company produced 900,412 tonnes d…
LATIN AMERICA — Aruba drilling cuts low grade
Generally disappointing assay results were received from the drilling of five separate target areas on the gold project of Monte Carlo Gold Mines (ASE) and Auromar Development (VSE) on the Caribbean i…
Drilling starts on North Kemess
Diamond drilling was started recently on the North Kemess property, 100% owned by El Condor Resources (VSE). The property covers about 11 square miles adjacent and north of the South Kemess property o…
Mine tailings and their removal
While the metallurgist has accomplished technical marvels — recovering upward of 85-90% of the valuable minerals from low-grade ores — he has also created a mountain of a problem; namely, millions o…
Correction (August 10, 1992)
Contrary to what was reported in the July 20 issue of The Northern Miner, Royal Gold (NASDAQ) was never a minority partner in the Cortez joint venture currently exploring the Pipeline gold deposit in …