EDITORIAL PAGE — Squeezing securities dealers
Securities dealers, those orphan stockbrokers in Ontario that aren’t members of either The Toronto Stock Exchange or the Investment Dealers Association (IDA), have few friends these days. The Ontario …
News
MINER DETAILS — Mining an off-the-wall enterprise
The mining industry and its personalities have on occasion made interesting fodder for books that generally fall into two categories, the trash-for-cash expose or those so glowing they transform even …
PRODUCER PRICES (October 05, 1992)
ALUMINUM: MW U.S. market US58.25-58.75 cents per lb. (Sept. 10, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 19…
Noranda pulls out of eastern U.S.
Toronto-based Noranda Minerals has effectively curtailed exploration activities in the eastern half of the U.S. by putting the brakes on projects in Wisconsin and closing its small North Carolina offi…
Hol-Lac amends agreement
Hol-Lac Gold Mines (CDN) and White Plains Resources (VSE) have amended their agreement of Feb. 7, 1992. Under the new agreement, Hol-Lac can participate up to 10% in the Gilbert wollastonite project i…
GOLD FUNDS (September 28, 1992)
BGR Central Net Value $8.66 $5.10 Price $7.00 $4.95 Discount 19.2% 2.9% Value $51,235,000 $83,280,285…
Soquem options Minnova properties
Soquem has optioned six gold properties from Minnova (TSE) in northern Quebec’s Chapais area. The properties, covering 66 sq. km, are between the Lac Shortt and Bachelor gold mines, 80 km west of Chap…
Oneida owns Mexican Hat
The Mexican Hat gold property in Cochise Cty., Ariz., is owned 100% by Oneida Resources (VSE) now that the junior has bought out an 80% interest held by a former joint venture partner.
NEWS ROUNDUP — Euro-Nevada repays loan
A $9.5-million loan has been repaid to Prime Resources Group (VSE) by Euro-Nevada Mining (TSE). The loan was exchanged for $9.1 million par value 8% second preferred shares of International Corona, no…
NEWS ROUNDUP — Founder sampling Jellicoe property
A surface sampling program is under way on Founder Resources’ (VSE) 100% owned Blackwater gold property near Jellicoe, Ont. A 2,000-ft.-long mineralized zone will be tested with 70-100 short plugger d…
Queen’s seminar
Governments’ increasing neglect of the mining industry has prompted it to contend with the political agendas. The 23rd policy discussion seminar, held in Toronto by the Centre for Resource Studies of …
Mines ministers seek consensus on industry’s future
A trio of mines ministers will spearhead plans to pull together mining, governments and other interest groups to create an action plan for the troubled industry, the Yukon’s mines minister said during…