Coeur d’Alene posts earnings
Idaho-based Coeur d’Alene Mines (NYSE) posted net earnings of US$494,000 for its 1992 first quarter, an improvement over the US$2.24-million loss reported for the comparable 1991 period. A total of 1….
News
Lenora drills Rickard project
Encouraging results have been returned from drilling of the Rickard Twp. property about 40 miles east of the Kidd Creek mine at Timmins, Ont., Greater Lenora Resources (TSE) says. The four holes retur…
Cominco Int’l options copper project in Chile
Globe-trotting Cominco Resources International (TSE) recently optioned a Chilean copper property where previous work has already identified several million tonnes grading about 1% copper as well as nu…
Prospects of finding economic diamond deposits lure
While gold may have lost some of its traditional lustre, the prospects of discovering economic diamond deposits is luring investors back to western markets. The Vancouver Stock Exchange composite inde…
Stratmin restructures debts of $18 million
Montreal-based Stratmin (ME) says 75% owned Stratmin Graphite has completed the restructuring of $18 million in long-term debt owed to the Canadian Imperial Bank of Commerce. Under the restructuring, …
NEWS ROUNDUP (June 01, 1992)
Quebec Crown mining exploration company Soquem is set to begin exploration on the copper properties of Corner Bay Minerals (TSE) near Chibougamau, Que., after signing two option agreements with the To…
MINER DETAILS (June 01, 1992)
Eat my words? Not quite, but I’ve spent a lot of time recently explaining my opinion on diamond exploration, particularly in light of the promising results of a bulk sample from the Lac de Gras diamon…
LETTERS TO THE EDITOR (June 01, 1992)
To say that diamonds are virtually worthless is a gross misrepresentation of the facts (“Diamond find won’t help mining,” T.N.M., April 20/92). Yes, synthetic industrial diamond production exceeds nat…
Macuelizo returns gold-copper values
Recent drilling by Melinga Resources (VSE) on the Macuelizo copper-gold project in northwest Honduras, Central America, returned a number of copper-gold intersections. The drilling is part of a 150-ho…
$20-million expansion for Quinsam
Toronto-based contractor Hillsborough Resources (TSE), which has already an equity stake in a producing zinc mine, is moving to take advantage of rising demand for coal in the Far East. At the company…
Shaft being deepened at Joe Mann
Deepening the No. 2 shaft at the Joe Mann gold-copper mine of Campbell Resources (TSE) southwest of Chibougamau, Que., to 2,700 ft. is under way. The shaft excavation and related work is expected to b…
Pacific Gold sale to Westmin
A recent letter agreement provides for Westmin Resources (TSE) to acquire all of Pacific Gold’s (VSE) interest in the Debbie, Yellow and Thistle gold properties near Port Alberni, B.C. Westmin agreed …