NEWS ROUNDUP — Ontario suffers drop in spending
Exploration and development expenditures in Ontario dropped by 31% to an estimated $300.8 million in 1992, according to the Ministry of Northern Development and Mines. General and mine-site exploratio…
News
NEWS ROUNDUP — Vior drilling Douay property
Three drills are active at the Douay gold property of Societe d’Exploration Miniere Vior (ME) near Joutel, Que., the company reports. Aim of the $600,000 drilling program is to increase the reserves o…
GUEST COLUMN — Claim jumping government style
In September, 1991, Michael Harcourt, then leader of British Columbia’s opposition, said: “We believe that compensation should be paid for the loss of pre-existing mineral rights in new park or wilder…
Calgary Forum calls for papers
The Calgary Mineral Exploration Group Society is seeking speakers and exhibitors for its second Calgary Mining Forum to be held March 3-4. The theme of this year’s conference is “Mineral industries –…
Aronos plans private placement
A $1-million private placement, subject to shareholder approval, is planned by Aronos Multinational (CDN) for its gold project in the Mexican state of Sonora. The placement will involve the issue of o…
STOCK MARKETS — Toronto market slides but penny stocks boost
The average daily trading volume on The Toronto Stock Exchange surged to about 50 million shares during the week ended Jan. 12, compared with 30-35 million shares on any given day last year. Market wa…
STOCK MARKETS — Juniors gain from positions in Venezuelan
Continued weakness in diamond-related issues after the previous week’s selloff hampered western markets during the period ended Jan. 12. The Vancouver Stock Exchange resource index was left unchanged …
Swedish parent would sell Geonics
A policy of privatization by the Swedish government has placed Geonics Ltd. of Mississauga, Ont., on the sales block. Geonics is wholly owned by the SGAB Group, a state-controlled Swedish enterprise c…
EDITORIAL PAGE — Power for all
Among the “hot” issues of the day is electricity. What will be the source of future production? Will it be affordable? What about any harmful effects to the environment? Perhaps the only question not …
COMMENTARY — Of cash flow and gold prices
Analyst John Lydall of First Marathon Securities, writing in The Senior Canadian Gold Producers, 1993 Preview: In looking ahead, it is important not only to focus on likely earnings but also on each c…
Program named after Aitken
A new sustainable development internship program will be named in memory of the late W.R.O. (Roy) Aitken, federal Environment Minister Jean Charest announced recently. Aitken, who died last November a…
VSE resource index posts 50% increase
Market activity on the Vancouver Stock Exchange increased during 1992, with both higher volume and value reported. Total volume trading in 1992 reached almost 3.9 billion shares compared with about 3….