Conversion of Weights and Measures (March 04, 1996)
1 troy ounce = 31.1 grams1 kilogram = 32.15 troy ounces1 kilogram = 2.2046 pounds1 (metric) tonne = 1,000 kilograms1 (metric) tonne = 2,204.6 pounds1 (short) ton = 2,000 pounds1 (metric) t…
1996
Rayrock buys shares, warrants to make Brazilian investment
Toronto-listed Rayrock Yellowknife Resources has, by way of a private placement, made a $1-million investment in Brazilian Resources (CDN).Rayrock will receive shares, warrants and, subject to shareho…
Globex to buy stake in Tonkin Springs
Globex Mining Enterprises (TSE) has entered into an agreement that could see the company acquire a controlling interest in Gold Capital Corp., which operates and owns a 60% interest in the Tonkin Spri…
Lower copper prices will affect Asarco
The belief that copper prices will continue their downward slide leads New York-based investment firm J.P. Morgan to predict sharply lower earnings for Asarco (NYSE).Morgan revised its forecast for co…
Eastmain cuts zinc, gold at Akweskwa property
Drill results at the Akweskwa property of Eastmain Resources (CDN) have revealed that zinc mineralization exists alongside the gold previously discovered.Hole 95-05 intersected bedded pyrite-sphalerit…
Meetings (March 04, 1996)
March 11, Int’l TME — annual, generalMarch 11, McNickel — annual, generalMarch 11, Pan Pacific Gold — annual, generalMarch 12, Ellios — annual, generalMarch 12, Espalau — annual, generalMarch 12,…
Chase adds to its holdings in Philippines
An agreement with Philippine-based Allah Copper Porphyry gives Chase Resource (TSE) the right to earn a 75% interest in the Allah property on south-central Mindanao Island.The Allah property adjoins C…
Junior partners to resume diamond search in Ontario
Drilling will resume on the diamond property in New Liskeard, Ont., belonging to Vancouver-listed partners Consolidated Pine Channel Gold and JNR Resources.Much of the property, which contains the OPA…
Campbell boosts earnings, reports record output
In 1995, Campbell Resources (TSE) accomplished a triple feat: it almost doubled its earnings from the previous year; reported record gold production; and increased minable reserves at all its mine pro…
Novicourt posts healthy profits
The first year of production at the Louvicourt mine in Quebec has generated net earnings of $4.8 million, or 11 cents per share, for Novicourt (TSE) for the last quarter of 1995.For the year, the comp…
Oroperu Resources starts work at Toro gold prospect in Peru
CDN-listed Oroperu Resources has released early results of its reverse-circulation drill program on the Toro gold project in north-central Peru.The drilling has been applied to areas peripheral to the…
EDITORIAL PAGE — Canadian mining industry plans strategy for the future
The author, president of the Canadian Institute of Mining, Metallurgy & Petroleum (CIM), has written this column at the request of “Keep Mining In Canada,” a grassroots campaign designed to increase a…