Exploration Drills Fall Silent
After the lavish banquet of the flow-through years (a memory now, nothing more), Canada’s diamond drillers are eking out an existence on crumbs and scraps. It doesn’t make for a healthy industry. “It…
News
B.C. Smelter? Yes!
You’re in select company if you work at a British Columbia mine or mill. And you can count on becoming more select as time wears on. The province has 22 operating mines. Ten are threatened by deple…
OPEN PIT GIANTS OF BRITISH COLUMBIA
Open pit mine operators in British Columbia have fine-tuned their cost-cutting skills to an art. Faced with soft metal prices and rising costs, they survive and prosper by their wits as much as by th…
A NUCLEAR ISSUE: Both Rio Algom and Denison say they can
If mine decommissioning is Issue No. 1 for the mining industry, Rio Algom’s and Denison’s Elliot Lake, Ont. mines will likely become Reclamation Sites No. 1 in terms of public scrutiny. Denison and Ri…
Spirit Lake set to bulk sample Edwards project
Toronto-based junior Spirit Lake Explorations (ME) is set to spend $1.5 million to extract a 1,500-ton bulk sample from its Edwards gold property northwest of Wawa, Ont. With 100,000 tons of grade 0.5…
Rio not funding Kemess work, partners consider alternatives
Partners St. Philips Resources (VSE) and El Condor Resources (VSE) are reviewing financing alternatives after Rio Algom announced it will not fund St. Philips’ portion of this year’s exploration costs…
Inco boosts size of debenture issue
The size of a U.S. dollar debenture offering has been increased by Inco (TSE) to US$200 million from US$150 million (T.N.M., June 15/92) because of strong investor demand, the company says. The debent…
GUEST COLUMN (June 29, 1992)
Meaning “Our Land” in Inuktitut, Nunavut is the new Inuit territory to be formed from the Northwest Territories’ eastern Arctic portion. The creation of Nunavut no later than April 1, 1999, is expecte…
INSIDER TRADING (June 29, 1992)
Freewest Resources (TSE) director Robert Buttars profited recently by exercising stock options and then selling the shares at a substantial premium to the exercise price. According to the Ontario Secu…
Musto seeks funds for Argentine project
In order to raise funding for a feasibility study on the Bajo de la Alumbrera copper-gold property in Argentina, International Musto Exploration (VSE) recently filed a preliminary prospectus for a com…
STOCK MARKETS (June 29, 1992)
Tyler Resources stood out as a winner among softening diamond stocks during the week ended June 23 as the issue moved to a new high of 34 cents on The Toronto Stock Exchange before slipping slightly t…
Queenston builds gold assets but diversifies into copper,
Like most junior gold miners, Queenston Mining (TSE) is feeling the pinch of that metal’s low price and is now getting very much involved in copper. For years this company’s activities have centred ar…