Comaplex settles with Swiss bank
After a 4-year hiatus, shares of Comaplex Resources (TSE) are expected to resume trading following a settlement agreement between the Calgary-based company, its major shareholder, and staff of the Ont…
News
Long round concept benefits productivity, Dynatec Mining
During the sinking of the Craig shaft at Sudbury, Ont., Dynatec Mining says it developed the ability to drill and blast extremely long rounds. The concept was based on the use of a single large diamet…
Beaufield acquires claims near Benoit
In return for $13,000 and 500,000 shares, Beaufield Resources (TSE) has acquired a 75% interest in three claim groups in Wilson, Verneuil and Ralleau twps., east of Quevillon, Que. Totalling 117 claim…
Merger proceeds smoothly between Homestake, Corona
The proposed merger between Homestake Mining (NYSE) and International Corona (TSE) is moving steadily toward completion, Corona President Peter Steen told shareholders at the company’s recent (and pos…
NEWS ROUNDUP (May 18, 1992)
Ontario Hydro has failed to make two payments worth about $3.2 million each for the delivery of shipments of uranium, Denison Mines (TSE) says. The mining company says Hydro has instead forwarded the …
Metal Prices (May 18, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 12 May 11 May 8 May 7 May 6 Copper 1226-1227 1235-1236 1240-1241 1231-1232 1226-…
Westray disaster threatens company’s future — Curragh on
Although Curragh Resources (TSE) will likely survive the Westray coal mine disaster in Nova Scotia, it will emerge from the wreckage with a severely damaged reputation in the eyes of investors and cre…
Methane gas always a hazard in underground coal mines
Lighter than air and colorless, methane is abundant in nature. It is the main component of natural gas and it is a common accompaniment of coal. While the gas is typically odorless, the commercial pro…
Weak results from Shining Tree play
A phase-three, 2-hole drilling program on Fort Knox Gold Resources’ (TSE) Fawcett Twp. property near Shining Tree, Ont., has returned weak copper-nickel mineralization from the south grid. Hole SG-12 …
Precious metals in price slump
A slight decline in metal prices in March didn’t prevent Scotiabank’s commodity price index from recording a small gain of 0.8%. Stronger forestry prices and a small gain in energy prices offset decli…
Gold sales hurting price, says Cambior president
Gold prices have dropped partly because of dumping on the world market, including by the owners of the fraud-riddled Bank of Credit and Commerce International, says Cambior (TSE) President Louis Gigna…
EDITORIAL PAGE (May 18, 1992)
Since the May 9 Westray mine disaster at Plymouth, N.S., rocked the nation, there has been no shortage of critics to say the mine should never have been opened. Everyone is suddenly an expert who beli…