1992




Cambior buying control of Audrey

Growing gold producer Cambior (TSE) has made another move into the base metal side of the mining industry by agreeing to acquire a control position in Audrey Resources (TSE) of Rouyn-Noranda, Que., fo…



Output up, costs down at Agnico

Lower costs and increased production pushed Agnico-Eagle Mines (TSE) well into the black during the first six months of the year. The gold miner reported a profit of $2.2 million (8 cents per share) c…


Correction (August 31, 1992)

The Pine Cove gold property at Baie Verte in Newfoundland is 100% owned by Varna Gold (ASE). An earlier story (T.N.M., Aug. 17/92) referred to plans by NovaGold Resources (TSE) for the property; NovaG…


METAL PRICES — FREE MARKET (August 31, 1992)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug. 25 Aug. 24 Aug. 21 Aug. 20 Aug. 19 Copper 1275-1276 1271-1272 1318-1319 1308-13…


Teddy, Freewest raise financing

To finance its share of a $12-million underground exploration program at the Holloway gold project near Matheson, Ont., Teddy Bear Valley Mines (CDN) has raised $1.23 million through a private placeme…


Cameco stakes Alberta property

Cameco (TSE) of Saskatoon, Sask., has staked a claim to 6,000 sq. km in Alberta, the same size area as was staked by De Beers subsidiary, Monopros, in 1990. The area staked is in what is known as the …


Storimin acquires Manitoba land

With an improved political climate in Manitoba, mining activity in that province is beginning to return to areas that have been inactive for some time, says A.E. Storey, president of Storimin Explorat…



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