More drilling for Glimmer property
Due to lower than anticipated drill costs, two additional holes will be drilled on the Glimmer Resources’ (TSE) Hislop-Beatty gold property in northeastern Ontario. The new holes will be drilled to fu…
News
Agreement focuses on the environment
Montreal-based St. Genevieve Resources (TSE) is joining forces with the Institut national de la recherche scientifique on the environmental front. The pair will focus on environmental problems related…
METALS MARKETS — Seasonal shutdowns may be extended
In an attempt to bring inventories in line with demand, much of the Western World’s heavy industry is planning extra-long shutdowns during the normally slow Christmas and New Year’s period. Along with…
STOCK MARKETS — Diamond exploration interest sustains
Western markets enjoyed a relatively buoyant month in November, particularly the Vancouver Stock Exchange where all measures of market activity rose along with stock prices. The turnaround can be larg…
TORONTO STOCK EXCHANGE INDICES (December 14, 1992)
Dec.8 Dec.7 Dec.4 Dec.3 Dec.2 High Low Composite”300″3290.86 3293.09 3289.42 3264.91 3265.25 4009.47 3009.91 Metals&Minerals 2803.18 2555.97 2759.39 2747.71 2777.06 3453.06 2502.63 Integrated Mines291…
Global opportunities, challenges abound
Delegates to the recent Northwest Mining Association convention were given a whirlwind “tour of the world” in three days without having to leave their comforts here. Following the theme “New World of …
Funding for Pend Oreille study
A conditional waiver from the formal valuation and minority approval requirements of an Ontario Securities Commission policy as it relates to an unsecured 7% convertible debenture issue to minority sh…
ODDS ‘N SODS — Legend of miners’ patron saint
Saint Barbara is the patron saint of miners, among other people. She has her special day on Dec. 4. I first learned of Saint Barbara from Hans de Ruiter, a Dutch-born mining engineer living in Kirklan…
EDITORIAL PAGE — Recessionary blues
The federal finance minister’s recent economic statement or “mini-budget” has its supporters and its detractors, the more vocal, apparently, being the latter. If anything, Donald Mazankowski’s stateme…
Black Hawk purchasing Redstone nickel mine
Ownership of the Redstone nickel mine near Timmins, Ont., which closed in June, will change hands under a recent deal between Black Hawk Mining (TSE) and Timmins Nickel (TSE). For $150,000, Black Hawk…
Kingswood in property deals with majors
Kingswood Resources (ASE) has negotiated agreements with Kennecott Canada and Soquem on two of its gold and base metal properties in northern Quebec. Kennecott has an option to earn 100% interest in K…
HudBay plant costs soar, layoffs loom
The estimated cost of building a new zinc plant in Flin Flon, Man., has jumped to $171 million from $120 million, according to Hudson Bay Mining and Smelting’s (TSE) 1992 annual report. Although compa…