Value of trades increases on ME
The total value of stock traded on the Montreal Exchange increased by 16% in 1992 over 1991, compared with an increase of 13% of equity value traded for the Canadian market as a whole, preliminary fig…
News
1992 — A LOOK BACK — New mining projects create job
Six new mines were opened and six former producers were reactivated across Canada in 1992. The mining projects created or saved 1,131 jobs, according to the federal department of Energy, Mines and Res…
1992 — A LOOK BACK — Year of the diamond hunt
Without doubt, 1992 will be remembered within the industry as the year diamonds gripped the imaginations of prospectors and investors alike. Slow to react at first, junior companies staked millions of…
1992 — A LOOK BACK — Calendar of events
September, 1991: BHP Minerals Canada (then BHP-Utah Mines) options a 51% interest in the claim blocks of Dia Met Minerals (TSE) in the Northwest Territories by funding exploration and a mine feasibili…
1992 — A LOOK BACK — Project owners in B.C. experience
Several advanced mineral projects moved forward in British Columbia in 1992, while others were put on hold to await better financing conditions, or were placed in regulatory limbo by government decree…
Tiomin completes share placement
A private placement of two million special warrants has been completed by Tiomin Resources (ME). Upon clearance of a final prospectus, the two million special warrants will be exchanged for two millio…
INSIDER TRADING — Jennings sells Aber shares
A director of Aber Resources (TSE) was a seller recently of some of the company’s shares. According to the Ontario Securities Commission’s OSC Bulletin, on Nov. 13, the day after the Aber-Commonwealth…
1992 — A LOOK BACK — New U.S. mining projects
Several projects in the U.S. came on stream last year. Marking its third producing property, USMX (NASDAQ) brought its Yankee mine into production by pouring gold on June 24. The Yankee operation, nea…
1992 — A LOOK BACK — Placer ponders `super pit’ for Dome
Having completed an extensive surface exploration program at the Dome mine, Placer Dome (TSE) is now evaluating the possibility of creating a “super pit” on the gold property at Timmins, Ont. The prop…
1992 — A LOOK BACK — Westray inquiry postponed
In the early hours of May 9, a gas explosion that left behind lethal concentrations of methane ripped through the Westray coal mine, killing 26 miners. After the blast, rock fall obstructed access int…
EDITORIAL PAGE — The overseas look
More than a few words come to mind when trying to describe the past year, but two in particular — cutbacks and globalization — seem appropriate in trying to capture the flavor of 1992. At first glan…
Crown drops Kettle River
Disappointing operating results and a poor forecast prompted Crown Resources (TSE) to withdraw from the Kettle River joint venture in northeastern Washington state. The project originally went into pr…