Valdez reports loss for 1991
A net loss of $6.5 million was reported for 1991 by Valdez Gold (ASE), which has a 25% interest in the Valdez Creek gold placer mining project in Alaska. For the first quarter of 1992, the company rec…
News
Inland Gold and Pegasus terminate proposed merger
Due to a lack of shareholder response, Inland Gold and Silver (NASDAQ) and Pegasus Gold (TSE) will not proceed with a previously proposed merger. Pegasus offered Inland shareholders the equivalent of …
Franklin awarded top medal twice at GAC-MAC meeting
(Staff) — The Duncan R. Derry Medal — the highest award that can be bestowed on a geoscientist in Canada — was given here twice recently to Jim Franklin of the Geological Survey of Canada (GSC). Th…
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…
Mining at Casa Berardi Est to resume in July, says TVX
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…
Chile’s Codelco looks north for exploration partners
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 …
Trail smelter operation adds to Cominco losses
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…
Production boost at Aurora mine
The continued successful performance of the Aurora Partnership mine enabled operator and 50% owner Minerex Resources (TSE) to boost net earnings to $959,000 for the three months ended March 31, from $…
Dickenson moves back into black
After a $47.9-million writedown in 1990, Dickenson Mines (TSE) regained its feet in 1991. Revenues generated from the Arthur W. White gold mine at Red Lake, Ont., Havelock Lime in New Brunswick and Sa…
Gwen finds pipe on open pit wall
Gwen Resources (ASE) says it has discovered a kimberlite pipe on the side wall of its New Buffonta open pit in the Harker-Holloway camp east of Matheson, Ont. The pipe has been exposed to a depth of 9…
U.S. REOPORT
Startup operations are expected to begin soon aimed at bringing the Formosa-Silver Butte zinc-copper mine near Riddle, Ore., back into full production this summer. Operator Formosa Resources (VSE) bro…
U.S. REPORT (June 01, 1992)
Reserves at the Imperial County project in southeastern California received a significant boost upon completion of a preliminary feasibility study on the Indian Rose and Ocotillo deposits. The project…