Minerals lead Noranda’s recovery
Better results from its mining division helped Noranda (TSE) boost its earnings to $49 million or 10 cents per share during the first half of 1992 compared with $33 million or 2 cents per share for th…
1992
Jarvis raising marble funding
Financing plans, including a rights offering that will allow shareholders in Ontario and Quebec to acquire up to almost 1.4 million common shares, are nearing completion, Jarvis Resources (VSE) report…
Maps planned for 8 townships
Three geological mapping projects will be conducted to identify mineral potential in an area in northwestern Ontario extending across eight townships from Kashabowie to Murillo, Ontario’s Ministry of …
Production decision for Sleeping Giant
Sleeping Giant mine partners Cambior (TSE) and Aurizon Mines (TSE) say they will place the Quebec gold project into production during the second quarter of 1993.
O&C sells stake in Panamanian firm
Osborne & Chappel Goldfields (TSE) has reached an agreement in principle to sell its main asset, a 25% interest in Los Lilenes S.A., to Odin Mining and Investment. Odin currently owns the remaining 75…
Metall affiliate awards mine contract
The first major contract at Turkey’s largest mine development project has been awarded by Metall Mining (TSE) affiliate Cayeli Bakir Isletmeleri A.S. A consortium comprised of Lurgi Metallurgie GmbH o…
NEWS ROUNDUP — Teck’s mines report profits
With all mining divisions operating profitably, Teck (TSE) reported net earnings of $12 million for this year’s second quarter ended June 30, up from $9 million in the previous quarter and similar to …
Mikwam drill results released
Drill results from Trader Resources’ (TSE) 50% owned Mikwam property in northwestern Quebec’s Casa Berardi area have not been able to match results from the first hole which included a 14.1-ft. sectio…
Cominco boosts earnings
Net earnings of $18.1 million were reported by Cominco (TSE) for its 1992 second quarter ended June 30, a substantial improvement over this year’s first-quarter loss of $4.9 million. The latest result…
Hemisphere tests lamproite pipe
Testing is under way on a 1,000-tonne bulk sample taken from the Leopold Downs lamproite pipe in western Australia by Vancouver-based Hemisphere Development (VSE). Hemisphere, which is earning a 80% i…
Western Troy commences work on bulk sample
Western Troy Capital (ASE) has started work on a program to take a 500-ton bulk sample from its gold prospect in Menary Twp. in northwestern Ontario. The company says it has recovered 24 oz. gold from…
Golden Rule buys Jolu mill for eight La Ronge deposits
In a bid to move its Saskatchewan gold deposits closer to production, Golden Rule Resources (TSE) has agreed to purchase the Jolu mine and mill assets near La Ronge, Sask., for $786,000. Owned by a 70…