New investment being turned off
A growing obsession with environmental regulations and an unnecessarily complicated tax structure are discouraging new investment in Canada’s mining industry, says Lars Eric Johansson, chief financial…
Articles by Northern Miner Staff
TSE Short Positions (May 04, 1992)
Semi-monthly reports as of April 15, showed 26,377,283 shares of 619 issues compared with 24,177,660 shares of 587 issues on March 31. Larger individual positions included: Amax Gold 122,250, down 21,…
S.A. Goldfields looks to future
If a merger between South American Goldfields (TSE) and Golden Star Resources (TSE) proceeds as planned, the amalgamated company would expect to be “a medium-sized and rapidly growing” gold producer b…
TSE STOCK EXCHANGE INDICES (May 04, 1992)
Composite “300” 3337.92 3326.45 3349.69 3371.47 3367.75 4009.47 3009.91 Metals&Minerals 2977.67 2976.85 2990.12 2991.22 2989.13 3453.06 2502.63 Integrated Mines 3160.78 3163.38 3176.46 3178.68 3176.07…
GOLD FUNDS (May 04, 1992)
Gold Funds as of Apr. 28 BGR Central Net Value $7.54 $4.99 Price $6.00 $4.400 Discount 20.41% 11.8% Value $44,887,000 $74,026,920…
Casa Berardi Est mine suspended
Operations at the Casa Berardi Est gold mine of TVX Gold (TSE) in northwestern Quebec were suspended recently after about 12,000 cubic metres of overburden flowed into the underground mine through a f…
NEWS IN BRIEF (May 04, 1992)
Delta Star Resources Inc. (DLS:VSE) has changed its name to Accord Financial Corp. with a consolidation of capital on a 1-new-for-5-old-share basis.
Adrian plans to explore Petaquilla
Junior Adrian Resources (TSE) is heading off to the jungles of north-central Panama to begin exploring the Petaquilla porphyry copper property under the terms of a recent option agreement with Minnova…
Toltec drops Middlemarch option (May 04, 1992)
With the completion of a 7-hole diamond drilling program, Toltec Resources (VSE) has opted to drop its option on the Middlemarch property in Cochise Cty., Ariz. Toltec had the right to earn a 60% inte…
Teck to drill Nebex property
Calgary-based Nebex Resources (ASE) says Teck (TSE) will start drilling the junior’s base metal prospect in northern New Brunswick in early May. The prospect lies 3 km north of the 10,000 tonne-per-da…
Latin America touts its mining potential
Investors looking to participate in mining ventures in Latin America were given an overview of what that part of the world has to offer at a 4-day conference here recently. The conference, titled “Inv…
Magnacon mill deal is extended
A deadline to purchase the Magnacon gold mill near Wawa, Ont., has been extended by two months says Richard Nemis, president of Central Crude (TSE). Nemis says he now has until mid-summer to raise the…