Barrick extends search for new mines
The game plan of American Barrick (TSE) from the beginning has been to use hard cash to buy partly developed mining properties and then take them into production. Or, the Toronto-based gold producer h…
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Echo Bay developing pair of Alaskan projects
Gold producer Echo Bay Mines (TSE) has two major development projects in southeast Alaska, Alaska-Juneau and Kensington. Together, they have the potential to increase annual gold production by about 4…
EXPLORATION ’92 — LATIN AMERICA ROUNDUP — Menora acquires
Toronto-based Menora Resources (ME) says it has acquired an exclusive lease over the Estrella del Norte gold project in the Mexican state of Zacatecas. The company says it will continue to test the pr…
GUEST COLUMN — Journey to China’s nickel heartland
On Oct. 16, along with four colleagues from the mining and brokerage communities, I left for China on a 16-day fact-finding mission. Our visit was divided into four areas: Beijing, where the centre of…
Drift from Joubi reaches Dubuisson East property
Operator Western Quebec Mines (TSE) expects to be hauling ore from the Dubuisson East deposit near Val d’Or, Que., before month-end after completing a 1,000-metre drift from its neighboring Joubi gold…
Con mine still on the block
Despite weak market conditions, Nerco (NYSE) is still considering the possible sale of its minerals subsidiary which owns and operates a number of precious metal mines, including the Con gold mine at …
FREE MARKET (November 30, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov. 24 Nov. 23 Nov. 20 Nov. 19 Nov. 18 Copper 1410-1411 1403-1404 1396-1397 1393-13…
Cyprus shuts down molybdenum mine
As a result of weak demand in the worldwide steel business, Cyprus Minerals (NYSE) recently announced a temporary shutdown of its Thompson Creek primary molybdenum mine in Idaho. The operation employe…
Red Lake costs hurt Dickenson
Higher costs at the Red Lake mine, lower realized gold prices and lower revenues at Havelock Lime contributed to a 82% drop in earnings at Dickenson Mines (TSE) for the first nine months of the year. …
OBITUARY — Cuthbert Dixon
Noted mining broker Cuthbert (Cuffy) Batten Dixon died of a heart attack on Nov. 22. He was 83. Born and educated in Cobalt, Ont., Dixon started as an underground miner at the Wright-Hargraves gold mi…
Second mineral agreement signed
The governments of Canada and British Columbia recently agreed to spend $10 million over five years to strengthen and diversify the western province’s mineral industry. British Columbia Mines Minister…
Minnova, Kerr test Troilus potential
If the Troilus gold property in northern Quebec gets the go-ahead, it will be one of Canada’s larger mine developments in recent years. It will be the largest gold producer in the Chapais-Chibougamau …