Integrated Resources busy on B.C. property
Edmonton-based Integrated Resources (ASE) has started an exploration program on the company’s properties near Telegraph Creek in northwestern British Columbia. Work completed last fall on the properti…
News
Toronto Stock Exchange Activity in B.C. keeps western companies
Stock market activity took on a decidedly western theme during the week ended April 3, as share prices of a number of Vancouver companies felt the effects of acquisition rumors and other events. It wa…
Pacific Talc sees big profits in the white mineral
A small British Columbia company expects to see some large profits from the mining and processing of talc from a property about 300 km north of Vancouver, near Boston Bar. Pacific Talc (VSE) recently …
Strike ends but tension still high at Highland Valley mine
A short-lived illegal work stoppage threatening operations at Highland Valley Copper near Logan Lake, B.C., appears to be over although the union and management have yet to resolve several contentious…
Cameco selling one-third interest in Rabbit Lake mine to Uranerz
Government-owned mining company Cameco says it has agreed to sell one-third of its 100% stake in the Rabbit Lake uranium mining operation to Uranerz Exploration for $160 million. Situated in northern …
Louvicourt takes back seat at Aur Res. annual meeting
A lawsuit overhanging the Louvicourt Twp. massive sulphide discovery took a backseat at a recent annual meeting in Toronto as President Jim Gill of Aur Resources (TSE) outlined the company’s plans for…
Agnico gets good results at Laronde
While a number of the newer gold mines in this country have been falling short of expectations, Agnico-Eagle’s (TSE) Donald J. Laronde mine in Quebec’s Bousquet area, now owned outright following the …
1,000 reopened claims prompt staking rush near Cobalt, Ont.
The rush is on as mining majors battle small-time prospectors for control of more than 1,000 reopened claims in the Cobalt area of northern Ontario. Since 7 a.m., April 3, official opening time, stake…
Hanson Lake tonnage may rise 45% based on recent drilling
Reserves at the Hanson Lake project in northeastern Saskatchewan may increase by as much as 30-45%, based on recent results from ongoing drilling by partners Cameco and Trimin Resources (TSE). Two of …
Alberta Stock Exchange Lacklustre trading
Last week’s collapse in bullion prices might have created a “second chance” buying opportunity for investors to pick up gold shares at a discount. But, judging by the lacklustre trading pattern during…
Macassa output during March best in 57 years
The Macassa gold mine of LAC Minerals (TSE) near Kirkland Lake, Ont., smashed its previous records by posting a single-month gold output of 12,353 oz. in March. The mine had never before produced more…
Teck, Cominco investments boost Metall Mng. earnings
The acquisition of a U.S. copper producer and investments in two of Canada’s largest mining companies contributed to higher annual earnings for Toronto-based Metall Mining (TSE). Metall, a 62.7% owned…