News


Noranda boosts earnings

Improved second-quarter and first-half results are attributed by Noranda (TSE) to stronger prices and improved sales volumes for many of the company’s principal products and to more favorable currency…


Aur to deep-drill Mainstreet

A 2-hole, deep-drill program is under way on Beaufield Consolidated Resources’ (VSE) Mainstreet copper-zinc property in Louvicourt Twp., Que., project operator Aur Resources (TSE) reports. The aim of …


World Wide set to resume drilling

A second phase of drilling is expected to begin shortly on World Wide Minerals’ (TSE) Easter project in Nevada. The new program, designed to increase reserves, is a followup to a 21-hole program carri…


Global theme to CIM meeting

More than 500 scientists from 30 nations are expected to attend the Aug. 21-25 conference in Toronto hosted by the Metallurgical Society of the Canadian Institute of Mining, Metallurgy and Petroleum. …


AMERICAS — Talc output in U.S. off 3%

A dozen companies operated 17 talc mines in eight states in 1993, the U.S. Bureau of Mines reports. Most of the domestic talc production was from open-pit mining operations; underground mining was use…


AMERICAS — New Chilean mine for Coeur d’Alene

Historically, Coeur d’Alene Mines (NYSE) has been associated with Idaho and the prolific silver mines of its namesake district in that state. But these days — with operating mines in Nevada and New Z…


EDITORIAL PAGE — The school of hard knocks

A sobering dose of reality hit the Canadian diamond play this past week as disappointing results were released by Kennecott Canada from the DO-27 (Tli Kwi Cho) kimberlite in the Lac de Gras region of …



Vengold decides against acquisition of St. Philips

The proposed acquisition of all the shares of St. Philips Resources (VSE) by Vengold (TSE) will not proceed. Vengold had offered to purchase all the issued shares of St. Philips in return for Vengold …


Starmin, Ivanhoe deal closes

A previously announced arrangement involving Starmin Mining (TSE) and privately owned Ivanhoe Goldfields has closed. The agreement took effect Aug. 11; Starmin shares are trading on a 3-for-1 consolid…


New Island hits gold at Glover

Alberta-listed New Island Minerals has received encouraging gold assays from sampling on its Glover Island property in central Newfoundland. The samples were collected from an outcrop area measuring 2…


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