MINER DETAILS; Diamond find won’t help mining
The recent rush to find diamonds in Canada’s far north is fun, but it really isn’t what Canada’s mining industry needs today. The money being spent finding the makings of future diamond rings would be…
News
Madeleine settles legal problems
Almost six months after taking over the reins at Madeleine Mines (TSE), representatives of Oklahoma-based Kaiser-Francis Oil have resolved all remaining charges pending against the Toronto company. Ma…
PROFILE (April 13, 1992)
Always mindful of being an ambassador for the mining industry, Mark Rebagliati wastes no opportunity to communicate his belief that British Columbia’s explorationists and miners are the most environme…
Galactic looks to the future
With the recent sale of its 50% interest in the Ivanhoe joint venture in Nevada for US$13.4 million, Galactic Resources (TSE) is a step closer to completing a restructuring of its assets. The company …
Cyprus completes first phase of smelter expansion project
The first phase of a US$100-million modernization and expansion project was recently completed by Cyprus Minerals (NYSE) at its copper smelter in Miami, Ariz. Copper concentrate feed was loaded into t…
Pine Cove wins environmental OK, seeks financing
Having won environmental approval for its Pine Cove gold project in Newfoundland, NovaGold Resources (TSE) is preparing to raise $14 million to build a 1,500-ton-per-day vat leach operation. NovaGold …
33 mines shut down in 1991, net job loss reaches 2,000
Ore depletion, low metal prices and depressed market conditions resulted in the permanent closure or suspension of 33 Canadian mines in 1991, according to the Mineral Policy Sector of Energy, Mines an…
Cameco drilling finds new zone at Contact Lake
Cameco (TSE) has discovered a new gold zone on the Contact Lake (Preview Lake) property north of La Ronge, Sask. Drilling along the Bakos structure, where three zones have already been identified, Cam…
Hemisphere samples Australian pipe
Results from four samples taken on the Leopold Downs lamproite pipe in Western Australia indicate that the pipe’s diamonds can be recovered by gravity separation, says Hemisphere Development (VSE). Th…
Coeur losses reflect merger
The recent losses reported by Coeur d’Alene Mines (NYSE) reflects substantial non-recurring, non-cash writedowns related to the company’s acquisition of Callahan Mining which became effective at the e…
Sale of interest in Cominco, Afton lifts Metall income
Proceeds of $18 million from the sale of its interest in Cominco (TSE) and Afton Mining boosted Metall Mining’s (TSE) earnings to $15.2 million (35 cents per share) in 1991 from $2.9 million in 1990. …
Teck invests in Chilean venture
Armed with funds from a recent private placement, Arauco is planning to accelerate exploration programs on the more developed properties which it has acquired in southern Chile. Funding for this work …