1992

The Giant Copper property owned 100% by LAC Minerals (TSE) was recently optioned to Bitterroot Resources (VSE) under a sale-option agreement. The property is north of Lillooet in south-central British…

Shareholders of Fort Rupert Resources have cleared the way for a takeover by Kingswood Explorations (ASE). Under the deal, which is subject to regulatory approval, Kingswood will issue one of its shar…

Shareholders of New Kelore Mines (TSE) and private Vancouver company Pan Orvana Resources were recently told to expect a “more vibrant future” after voting almost unanimously in favor of a merger prop…

Every week I read The Northern Miner hoping to see a change in the stability of the mining industry, and yet it never comes. The articles describing the bickering between the provincial and federal go…

The Sulphurets property in northwestern British Columbia has been divided into three parts as a result of the closing of recent agreements among Newhawk Gold Mines (TSE), Placer Dome (TSE) and Granduc…

A net loss of $4.6 million was reported by Skyline Gold (TSE) for 1991, compared with a loss of $46.1 million in 1990 which includes writedowns of $31.4 million for mining properties and $9.3 million …

Guest speaker at the Feb. 20 luncheon of the Canadian Institute of Mining, Metallurgy and Petroleum, Toronto branch, will be Ian Telfer, Executive Vice-President of gold producer TVX Gold. Telfer’s to…

The proposed merger between Hillsborough Resources (TSE) and Consolidated Brinco (TSE) was recently approved by shareholders and the Alberta courts. Under the merger arrangement, Consolidated Brinco s…

A net loss of $41.3 million was reported by Cominco (TSE) for 1991, compared to a profit of $54.8 million in 1990. The company attributed its drop in earnings primarily to the worldwide decline in met…

A third drill rig has been added to the Benoit gold project in the Quevillon area northeast of Rouyn, Que., where Freewest Resources (TSE) made a significant gold discovery last winter. Two of the rig…

P.T. Inco, Inco’s (TSE) Indonesian division, produced a record amount of nickel in matte during 1991 75.9 million lb. compared with 59.6 million lb. in 1990. But despite the production increase, P.T. …

Queenston Mining (TSE) has signed a letter of intent to purchase 30.5%, or 3.5 million shares, of Thermal Exploration (ASE) at 35 cents per share. Thermal has a 50% interest in the Williams Creek copp…