News

TORONTO STOCK EXCHANGE INDICES (December 23, 1991)

Dec 17 Dec 16 Dec 13 Dec 12 Dec 11 High Low Composite 300 3325.08 3346.05 3359.47 3348.42 3351.92 4009.47 3009.91 Metals & Minerals 2689.56 2724.79 2768.41 2760.23 2752.01 3453.06 2502.63 Integrated M…


Geologist touts Irish projects

The time is ripe to get involved in a new generation of Irish mineral exploration companies, says a Halifax, N.S., consulting geologist. James Patterson, who did his Ph.D. work at Imperial College in …


Bell Creek mill to be reopened

Having completed the purchase of the Bell Creek mine and mill at Timmins, Ont., from Canamax Resources (TSE), Falconbridge Gold (TSE) says it intends to reopen the mill early in 1992 to process ore fr…


Arimetco completes Yerington expansion

Oxide copper specialist Arimetco International (TSE) has commissioned a new 65,000-lb.-per-day solvent extraction electrowinning (SX-EW) plant at its Yerington copper mine in Nevada. Once the tune-up …


Loss narrows for Goldfields

First-quarter losses for Consolidated Nevada Goldfields (TSE) during the three months ended Sept. 30, narrowed to US$235,000 from a loss of US$2.1 million in the same period last year. The improved re…


JKS Boyles lays off 30 at Orillia

A restructuring plan by international equipment manufacturer JKS Boyles recently resulted in the elimination of 30 jobs at the company’s Orillia, Ont., facility. The Orillia location, which has been d…




FINANCING (December 23, 1991)

Minerva Gold Mines Ltd – 1,000,000 shs offered @ 50 cents per sh. September Resources Ltd – 625,000 shs offered @ 37.5 cents per sh. Canadian Imperial Mines Inc – 600,000 shs offered @ 40 cents per sh…


Soquem options Kingswood claims

Soquem, a Quebec government-owned exploration concern, has taken an option on Kingswood Explorations’ (ASE) 60-claim property in the Eastmain River area of northern Quebec. In order to earn a 50% inte…


Placer Dome opts out — Corona goes alone at Eskay

A $10-million feasibility study to be completed next year will be used by International Corona (TSE) as a bankable document to continue development of the Eskay Creek project, now estimated to contain…


Aur probing Charlim property

Toronto-based Aur Resources (TSE) recently commenced field work on a 63-claim base metal property in the Joutel-Poirier area about 100 miles north of Val d’Or, Que. Under an agreement with Charlim Exp…


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