PEOPLE — AGATE BAY RESOURCES
Jack Marr and Randy Turner appointed directors.
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PEOPLE — WEST PRIDE INDUSTRIES
Donald Archibald appointed president and director; Dalton Dupasquier and Wayne Morgan appointed directors.
Adex placement
Adex Mining (TSE) says it will sell two million units at 49 cents per unit to Cabot Resources (VSE). Each unit consists of one common share and one non-transferable share purchase warrant exercisable …
Dundee offer (April 19, 1993)
More than 98% of the outstanding common shares of Dundee Capital were tendered under an issuer bid, Dundee Bancorp (TSE) reports. Once the shares tendered are canceled, Dundee Bancorp will own 99.8% o…
Remote sensing applications aid mineral exploration
Geologists have long relied on aerial photographs to supplement their surveys. Now they are able to integrate remote sensing data with geoscience information in the search for mineral deposits. This w…
High-grade, low-cost gold producer — Snip mine an
The extraordinary success of the Snip gold mine is in direct contrast to numerous gold mines developed during the heady years of flow-through financing which all too often failed to live up to expecta…
Royalstar eyes garnet production in New Mexico
With the recent completion of a feasibility study by Consultants Mountain States R&D International, Royalstar Resources (VSE) is reviewing the possibility of bringing its San Pedro garnet property int…
Toronto Stock Exchange Indices (April 19, 1993)
Apr.13 Apr.12 Apr.9 Apr.8 Apr.7 High Low Composite”300″3624.84 3615.01 N/A 3591.80 3601.42 4009.47 3009.91 Metals&Minerals 2866.01 2863.91 N/A 2840.82 2870.32 3453.06 2502.63 Integrated Mines2978.13 2…
STOCK MARKETS — Lower prices for metals drag down mining
Lower nickel and copper prices and a fickle gold price led many of the mining stocks on eastern markets into decline amid the slow trading of Easter week. For our report period, the week ended April 1…
Production record at Sterling mine
The Sterling gold mine, owned 52% by Cathedral Gold (TSE), turned out 14,109 oz. gold in 1992, the most in its 12 year life. Cash costs increased to US$298 per oz. from US$264 per oz. in 1991, when 12…
METAL MARKETS — Global mining competition grows
Metal production and consumption estimates for 1992 and projected volumes for 1993 have begun to appear. Some observations: The restructuring of American and Commonwealth of Independent States defence…
USMX continues Tombstone drilling
Drilling by USMX (NASDAQ) has resumed on the Tombstone, Ariz., gold-silver properties of Excellon Resources (VSE) and Valdez Gold (ASE). The first phase involved 26 holes. USMX must decide by the end …