A new law passed by the Chilean government has paved the way for Canadian mining companies to participate in exploration joint ventures with Codelco, Chile’s largest company. For the first time since …
All mining operations of Cominco (TSE) were profitable in 1992 with the exception of the Trail smelter, which lost $53 million, and the Sullivan mine which lost $19 million. As a result, Cominco repor…
Two new mineralized zones were uncovered by Canchrome Mines (ME) on the company’s Belanger chromite property near Thetford Mines, Que. One of the zones, Reed-A, sits 25 metres north of the Main zone a…
A June 24 meeting is planned by Sikaman Gold Resources (TSE) with the owners of its $6.1 million, 10% convertible debentures to consider a company proposal to convert the debt into preference shares a…
Gold sales by the Bank of Canada in 1991 were almost 1.8 million oz., the highest level since the program was initiated in 1980 and 462,000 oz. more than 1990 sales. Gold sales will continue at a rate…
The high-grade 21B zone on the Eskay Creek property north of Stewart, B.C., now hosts probable reserves of 1.19 million tons grading 1.91 oz. gold and 85.5 oz. silver per ton. This updated and upgrade…
Total world gold supply in 1991 dropped for the first time since 1983 to 2,815 tonnes from 2,913 tonnes in 1990, according to Gold Fields Mineral Services’ annual survey Gold 1992. However, primary mi…
Toronto-based Canadian Overseas Exploration (VSE) has acquired the right to a 50% interest in a joint venture to develop and exploit a 650-sq.-km diamond concession off the coast of Namibia. The conce…
Halifax-based Scotia Prime Minerals (ASE) has optioned a base metals property near Five Islands, N.S., to the Canadian unit of U.S.-based giant Phelps Dodge Corp. — the fourth in a series of agreemen…
The Nerco Con mine at Yellowknife, N.W.T., could change hands if Nerco (NSYE) finds a buyer for its minerals division. The diversified resource company recently announced it had retained J.P. Morgan, …
The Casa Berardi Est gold mine in northwestern Quebec is expected to be back in operation by mid-July, TVX Gold (TSE) President Martin Robinson said at the company’s annual meeting in Toronto. Operati…
Suppose for example the provincial government decided it wished to have a good selection of Emily Carr paintings in its provincial gallery and it passed legislation which permitted a committee appoint…
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