Writing contest for students
Students are invited to submit papers to a writing contest, which is sponsored by the Marine Minerals Technology Center (MMTC). Topics should pertain to advanced technology applications for marine min…
News
Lyon Lake, Adex in transaction
Full ownership of three gold concessions in Costa Rica is being acquired by Lyon Lake Mines (ME). Subject to regulatory approval, Lyon will purchase the 50% interest of project partner Adex Mining (TS…
STOCK MARKETS — Gold index soars on bullish reports from
Investors with shares in a wide range of industry groups were given reason to celebrate during the week ended Feb. 9 as The Toronto Stock Exchange’s 300 composite index surged by 70 points on heavy vo…
STOCK MARKETS — Furious Venezuelan activity gives push to
Action on western markets showed little sign of abating during the period ended Feb. 9, with the Vancouver Stock Exchange resource index gaining more than 37 points to finish at 785.12, an 8% increase…
Asarco reports a loss after special charges
An after-tax charge of US$122.1 million pushed Asarco (NYSE) into a loss position for the year ended Dec. 31, 1992. The company reported a net loss for the year of US$83.1 million, or about US$2.01 pe…
GOLD FUNDS (February 15, 1993)
BGR Central Net Value $8.27 $4.99 Price $6.00 $4.40 Discount 27.47% 11.8% Value $46,342,000 $74,026,920.
Cutbacks at Falconbridge Gold
In response to depressed gold prices and increasing costs, Falconbridge Gold (TSE) announced it is planning cutbacks at both its Hoyle Pond and Bell Creek operations near Timmins, Ont. At the Hoyle Po…
Granges settles Oxford suit
A suit dating back to 1989 over a 9.167% interest in the Trout Lake polymetallic mine in Manitoba is now settled. Granges (TSE) acquired the interest from Outokumpu on March 22, 1989, prompting Oxford…
More drilling planned for Sulphurets properties
Exploration programs totalling $1.6 million were approved for the 1993 field season on two Sulphurets properties in northwestern British Columbia. About $1.1 million will be spent on the Bruceside pro…
More about diamonds (February 15, 1993)
Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. — Aaron Oil (ASE) has terminated discussions with Monopros related to exploration on Aaron’s claims n…
Positive Chaucha project report leaves Kookaburra confident
The recent completion of a preliminary technical and economic study on the Chaucha copper project in Ecuador has Kookaburra Resources (VSE) confident in the project’s potential and eager to proceed wi…
EDITORIAL PAGE — The business of risk
It’s not uncommon these days to hear speakers, who like to philosophize and theorize about life’s many different activities, refer to the mining industry in Canada as “mature.” Something along the lin…