1992

Ontario Hydro sues Denison

Toronto-based Denison Mines (TSE) is being sued by Ontario Hydro. The dispute centres around a long-term uranium purchase and sale agreement signed by Denison and the huge provincial utility in 1977. …


LAC back in the black

A cleaner balance sheet, a strong hedging program and increased gold production pushed LAC Minerals (TSE) well into the black in 1991. For the year ended Dec. 31, 1991, LAC recorded earnings of US$15 …


Melinga tests Honduran project

A first-phase induced polarization survey was recently completed by Melinga Resources (VSE) on the Macuelizo concession in northwest Honduras. The company reports that several prospective gold-copper …


Pegasus eyes new opportunities

Spokane-based Pegasus Gold (NYSE) kicked off the new year by joint-venturing a Nevada gold property held by Athena Gold (VSE), and in a separate development, announced plans to make an additional equi…


Agnico’s Joutel mines to close

Unless exploration yields a big discovery around Agnico-Eagle Mines’ (TSE) Joutel Division north of Val d’Or, Que., the aging Eagle and Telbel gold mines are likely to close by April, says President P…


Industry favors fly-in operations

We are surprised that David Johnston takes issue in his letter to the editor (T.N.M., Oct. 14/91) with our research findings cited by Olav Svela (T.N.M., Sept. 2/91) with respect to the growth of comm…


Alberta Stock Exchange — Kingswood active

Active Kingswood Explorations 1985 has started up a drilling program on its 60-claim gold property at Eastmain, Que., where surface work indicated a number of anomalies. The company, whose stock slipp…


Taking lessons from Mount Milligan

Placer Dome’s $266-million writedown of its Mount Milligan project in British Columbia was unequivocal acknowledgment that it had made a mistake. The company simply paid too much for a project that di…


Landowners attack, close mine

In an attack reminiscent of the still unresolved 3-year-old Bougainville copper mine conflict, disgruntled Papua New Guinea (PNG) landowners have brought the operations of another mine site in the Sou…


Curragh facing gap’ in Faro output

Curragh Resources (TSE) is facing the possibility of having to lay off at least some of the 400 miners employed at its Faro zinc-lead mine in the Yukon, unless it can come up with financing for develo…



Montreal Exchange — Aurizon benefiting

Volumes remained buoyant but the market portfolio and mining and minerals index went in opposite directions during the week ended Feb. 4, the former closing up by 7.8 points and the latter slipping by…


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close