1993

Toronto-listed Faraday Resources reports that its $1.20 cumulative, redeemable, retractable, convertible, first-preference shares, Series A, can be redeemed July 20. They are redeemable at $16.50 per …

A private placement of 200,000 shares at $3 per share has been announced by Jarvis Resources (VSE). Regulators have yet to approve the placement, proceeds from which will be used for general purposes….

Bruneau Mining Corp. (N.P.L.) Inc. (BRU:ME) has changed its name to Bruneau Minerals Inc. (BRM:ME) with a consolidation of capital on a 1-new-for-6-old-share basis. The transfer agent is Montreal Trus…

Until a couple of decades ago, terms such as “ecology,” “pollution,” “environmental protection” and “reforestation” were seldom heard in the Mexican mining industry. Today, they are not only heard eve…

Ontario and Quebec * The Le Tac area of Quebec could become the next Lac de Gras, according to SouthernEra President Christopher Jennings who addressed shareholders at the annual meeting. “Quebec may …

The minister of Energy, Mines and Resources Canada (EMR) and the finance minister are retroactively altering the income tax rules relating to diamond exploration. Effective Jan. 1, 1993, all diamond d…

I have waited for a follow-up to the article “Cave-ins occur despite precautions” (T.N.M., Sept. 7/92), expecting some experienced mining engineer to lend a hand to those groping in the dark for the a…

Initial production from the Cerro Colorado porphyry copper deposit in northern Chile is expected to begin by year-end, Rio Algom (TSE) reports. Over an estimated 23-year life, 10,000 tonnes per day wi…

A potential copper deposit in northern Chile, about 140 km northeast of Antofagasta, has been reported by Outokumpu Copper Resources. Santa Catalina hosts preliminary reserves of more than 100 million…

Toronto-listed Conwest Exploration (TSE) and parent Faraday Resources (TSE) are amalgating. The company will continue to be known as Conwest. Pursuant to the merger, Faraday shareholders will receive …

When Lac Minerals (TSE) shelled out $10 per share, or US$378.8 million, for a controlling interest in Bond Gold in 1989, many believed the gold producer had paid too dearly to boost its output and exp…

For the first time in years, annual production from Canada’s largest gold mines has declined rather than increased. Mainly as a result of lower grades at the big Hemlo mines in Ontario, cumulative pro…