News



Writeoffs push Crown Res. into red

Property writeoffs have pushed Crown Resources (TSE) well into the red with a net loss of US$8.6 million for the year ended Dec. 31, 1992. The company withdrew from the Kettle River gold mine joint ve…


New program at Verneuil Twp.

The third phase of drilling is under way at a Verneuil Twp. gold prospect in northwestern Quebec, Golden Tag Resources (VSE) reports. The initial holes of a minimum 10,000-ft. program are planned for …


NEWS ROUNDUP — Breakwater splits with Arimetco

The management contract between Breakwater Resources (TSE) and Arimetco Resources (TSE) has been canceled. Formed last year, it provided that Arimetco manage Breakwater’s operations. The companies joi…


Hycroft plans private placement

A planned private placement of special warrants is expected to net Hycroft Resources & Development (TSE) about $10.9 million before deducting issue expenses. The placement includes 10.5 million specia…


MAPAO meeting planned for May

The 62nd annual meeting of the Mines Accident Prevention Association of Ontario will take place May 27-28 at Toronto’s Sheraton Centre. The meeting will feature a mining health and safety conference. …



Exhibit of gems, gold specimens

Almost 1,000 gems and 70 gold specimens will light up the Royal Ontario Museum (ROM) in Toronto this summer when the S.R. Perren Gem and Gold Room opens July 3 to the public. The gems in this permanen…


EDITORIAL PAGE — Short-sighted and mean-spirited

Last year, the British Columbia government was advised, by its own job protection commissioner, to participate in a plan designed to secure a long life for Cominco’s Trail smelter. The restructuring c…



Dynatec winner of safety awards

Dynatec Mining has won a trophy for having the fewest compensable accidents in 1992 and subsidiary Dynatec Qumin has won for accident reduction. The awards were presented at the annual meeting of the …


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