Stillwater posts solid profit
A 20% increase in production and a 13% drop in operating costs enabled Stillwater Mining to post a US$777,000 profit (or 4 cents per share) for the first quarter.These results compare with a loss of U…
1995
OBITUARIES — Lionel York
A native of South Africa who came to Canada in 1958, Lionel York, died recently. He was 61.A professional engineer and hydrologist, his work took him to Saskatchewan, where he was involved in the tech…
OBITUARIES — Robert Hallbauer
Robert E. Hallbauer, the former president and chief executive officer of Cominco, died in Vancouver, B.C., on March 10 after a lengthy illness.Recognized as one of the finest mining men Canada has pro…
Cathedral fleshing out Hicks
Drilling on the Kaburi-Eldorado property in Guyana continues to confirm the continuity of gold mineralization within the Hicks zone, according to project owner Cathedral Gold (TSE).Drilling to date ha…
Rea Gold tops up its treasury
A private placement of 4 million special warrants at $2 each will provide Rea Gold (TSE) with additional funds to continue work at its Bissett gold project in Manitoba.Underwriters Goepel Shields & Ne…
Analysts predict hot summer at Voisey Bay
Four prominent mining analysts agree that the Voisey Bay nickel-copper-cobalt discovery will continue to be the hot spot for market activity this year.The experts Douglas Leishman of Yorkton Securitie…
Eldorado tops up treasury
A private placement of up to 3.4 million special warrants is expected to raise more than $14 million for junior gold producer Eldorado (TSE).Each unit is priced at $4.15 and converts, at no additional…
Chief Cons. works New Burgin play
Drilling and feasibility work on the New Burgin deposit in Tintic, Utah, continue apace under the direction of owner Chief Consolidated Mining (NASDAQ).The New Burgin represents the downdip extension …
Echo Bay allies with TVI Pacific
In a move aimed at uncovering large gold deposits in the Philippines, Echo Bay Mines (TSE) has formed an alliance with TVI Pacific (ASE).The former will purchase, through a private placement, 5 millio…
Azco teams with Phelps Dodge
An agreement with Phelps Dodge (NYSE) will result in completion of a feasibility study on the Piedras Verdes copper project in Mexico and the outright sale of the Sanchez copper project in Arizona.Azc…
Growth forecast for First Dynasty
The success of the Voisey Bay project in Labrador is helping to put the spotlight on another public company in which Robert Friedland, his brother Eric and other family members are significant shareho…
OBITUARIES — Patrick Harrison
One of the great shaft-sinkers in Canadian mining history, Patrick Harrison, has died after a long illness. He was 93.A native of Northern Ireland, “Paddy” was chairman of Patrick Harrison & Co., a mi…