Highland Valley in strike position
Highland Valley Copper, owned 50% by Cominco (TSE), 33.6% by Rio Algom (TSE), 13.9% by Teck (TSE), and 2.5% by Highmont Mining, has been facing the possibility of a strike since September when the uni…
News
Lassonde to depict Soviet sojourn
Pierre Lassonde will be the speaker at a luncheon hosted by the Canadian Institute of Mining, Metallurgy and Petroleum, Nov. 21, at Toronto’s Royal York Hotel. With the aid of slides, he will talk abo…
Prospector Larche recovering from Aug. 7 plane crash
Timmins prospector John Larche was in Toronto recently while travelling to Florida to recuperate from an Aug. 7 plane crash near High Level, Alta. Harris Hanson of Kirkland Lake, a close friend and pa…
High grades from Gap zone
Ongoing drilling by Westmin Resources (TSE) is continuing to return high-grade results from the Gap zone discovery area on the Myra Falls mine property near Campbell River, B.C..T The latest hole, 15-…
Soocana split
Shareholders of Soocana Explorations (ASE) approved a 2-for-1-share split, the company says. Soocana is planning a rights offering, subject to regulatory approval, designed to raise finds for an explo…
Industrial minerals focus of conference (November 11, 1991)
If metals create the skeleton of an industrialized society, then non-metallic minerals form the flesh. Commonplace as they seem, industrial minerals enter practically every phase of life. They are the…
Preliminary Spectrum reserve estimate
A reserve estimate was released by Columbia Gold Mines (VSE) and Eurus Resource (VSE) for the Spectrum gold project in the north Iskut region of British Columbia. The project is operated by Columbia, …
Management at Brunswick launches cost-cutting effort
Management at Brunswick Mining and Smelting’s (TSE) No 12. mine is struggling to control costs in the aftermath of a 10-month strike that decimated the company’s balance sheet and knocked the wind out…
Earnings slip for Amax Gold (November 11, 1991)
A drop in gold output as well as an increase in production costs negatively affected the earnings of Amax Gold (NYSE) for the period ended Sept. 30. Earnings for the third quarter dropped to US$5.4 mi…
Soviet resources focus of symposium
The Colorado School of Mines campus in Golden will be the site of the first international symposium on the vast mineral deposits in Russia and other republics of the Soviet Union on Nov. 18-21. “The i…
Breakwater suspends El Mochito mine
An escalating labor dispute has forced Breakwater Resources (TSE) to suspend operations at its El Mochito mine in Honduras and place the lead-zinc operation on a care-and-maintenance basis. The compan…
Metal prices pull price index down
Falling metal and mineral prices contributed to a decline in the commodity price index of Scotiabank in September of 0.7% from August. The all-items index is at its lowest level since May, 1987. Both …