1997

Geonova expands Chevrier gold deposit

The Chevrier property of GeoNova Explorations (GNE-M) is fast becoming one of the largest undeveloped gold projects in Quebec.Drill results at the project, situated near Chibougamau, Que., have enable…



Tailings spill hampers bottom line of Placer

A tailings spill at the Marcopper copper mine in the Philippines continued to haunt Placer Dome (PDG-T) in 1996, contributing to a loss of US$65 million (or 27 cents per share).By comparison, the comp…


Future producers of red metal get the yellow flag

Copper producers need to exercise caution before proceeding with the next generation of mines, according to a study by London-based CRU International, a commodities research firm.A prolonged period of…


Queenston finds new zone at McBean

The last of three holes drilled by partners Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) has uncovered a new zone of mineralization at the Anoki gold deposit on the McBean property, east o…



OBITUARY — Franc Joubin

Francis Joubin, who helped usher Canada into the nuclear age, has died. He was 85.Born in San Francisco, Calif., in 1911, Joubin obtained his undergraduate and master’s degrees in geology from the Uni…



Western Copper expands Mexican land position

In north-central Mexico, Western Copper Holdings (WTC-T) has entered into a preliminary agreement to option seven properties comprising 180,000 ha.Situated in Zacatecas state, the properties are held …


STOCK MARKETS — Foreign plays add heat to VSE

The Vancouver Stock Exchange composite index was up 12.4 points, or 0.99%, over the report period ended Feb 25, to close at 1,263.05. The resource index gained 46.17 points, or 1.98%, finishing at 2,3…


Sherritt earnings in holding pattern

Higher sales volumes in 1996 offset lower commodity prices and enabled Sherritt International (S-T) to post revenue and earnings similar to those achieved in 1995.Revenue of $199.2 million and operati…


Sunshine Mining sees silver lining

Low silver prices took their toll on Sunshine Mining & Refining (SSC-N), which posted a net loss of US$24.8 million in 1996, compared with a net loss of US$15.4 million in the previous year.On a brigh…


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