Canyon improves its bottom line
A total of 57,070 oz. gold was produced last year by Canyon Resources (NASDAQ) from the Kendall mine in Montana, an increase of 104% from the company’s gold output in 1990. This improved operating per…
News
INSIDER TRADING (April 27, 1992)
Noramco Capital President Murray Sinclair recently increased his stake in Noramco Mining (TSE) to 24% by paying Breakwater Resources (TSE) $1.4 million for a block of shares. According to the Ontario …
Namibia pins hopes on mining
Namibia is confident that its investor-friendly policies, coupled with favorable mineral prices, will result in an upturn in its economy by the mid-1990s. “Potential investors have been waiting to loo…
Moly producers need rally in steel making to prosper
Molybdenum: A world over-supply of molybdenum is mainly affecting primary producers such as Amax’s Hendersen mine in Colorado and Placer Dome’s Endako mine in British Columbia. Widely used in the stee…
PRODUCER PRICES (April 27, 1992)
ALUMINUM: MW U.S. market US61-63 cents per lb. (Apr. 9, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CADMIUM: …
Yakutia, De Beers in diamond deal
The Republic of Sakha (Yakutia), a member nation of the Russian federation, has secured the right to retain 10% of its rough diamond production for independent sale, De Beers Centenary reports. Yakuti…
Amax wins award for reclamation plan
Amax Gold (TSE) has won an award from the California Mining Association for a comprehensive plan to reclaim the Hayden Hill gold mine in Susanville, Calif. A combined effort involving environmental an…
Western Copper, Thermal stake additional claims
The staking of an additional 89 claims on and around the Williams Creek property by partners Western Copper Holdings (VSE) and Thermal Exploration (ASE) brings the companies’ holdings in the area up t…
NEWS IN BRIEF (April 27, 1992)
Tournigan Mining Exploration Ltd. (TGN:VSE) has changed its name to International Tournigan Corp. (ITG:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Mont…
NEWS ROUNDUP (April 27, 1992)
An agreement to acquire the 52-sq.-km Sagar-1 property south of Fermont, Que., in the province’s North Shore area has been negotiated by Virginia Gold Mines (ME). The company says an ultramafic comple…
Wage increases slow in minerals sector
Wage increases in the Canadian mining, smelting and refining industry were slightly lower in the first eight months of 1991 than they were in all of 1990, according to the Ministry of Energy, Mines an…
Cazador increases Slocan holdings
The historic Hewitt-Van Roi property in the Slocan Mining division in southern British Columbia was recently purchased by Cazador Explorations (VSE), significantly increasing the company’s holdings in…