Hall of Fame to induct GSC’s Logan
The founding director of the Geological Survey of Canada (GSC), which will celebrate its 150th anniversary next year, will be inducted into the Canadian Mining Hall of Fame in January, it was announce…
News
Northfield pours Cheminis mine’s first gold output
The Cheminis mine of Northfield Minerals (ASE) near Virginiatown, Ont., yielded its first two gold bars recently, after stockpiled material from above the 695-ft. level was processed through the nearb…
Goldcliff active in Olalla camp
The addition of four Crown-granted mineral claims recently boosted the ground position of Goldcliff Resource (VSE) to 108 claim units totalling 5,680 acres in the historic Olalla gold camp near Kereme…
Changes in Soviet Union affect world gold market
Controversy continues to surround the gold situation in the Soviet Union, where the winds of political change have caused economic instability. The chief beneficiary of the confusion surrounding the y…
Glamis reports lower earnings
Despite record production for the first quarter of fiscal 1992, Glamis Gold (TSE) reported lower earnings than in the first quarter of 1991. First-quarter production totalled 18,041 oz. compared to 11…
Plasma blast marks opening of addition to R&D facility
Resources giant Noranda (TSE) has officially opened the $20-million expansion of its research facility in suburban Montreal — the Noranda Technology Centre. The expansion unites researchers, who were…
Martel rebuts remarks on rehab program
Ontario MPP Frank Miclash recently questioned the provincial government’s commitment to the rehabilitation of abandoned mine sites in Ontario. The Liberal member from Kenora in northwestern Ontario ca…
TSE Short Positions (December 02, 1991)
Semi-monthly reports as of November 15, showed 20,814,254 shares of 604 issues compared with 19,829,016 shares of 582 issues on October 31. Larger individual positions included: Amax Gold 68,300; Amer…
OBITUARY (December 02, 1991)
Renowned geologist William Fleming James died on Nov. 25 in Toronto. He was 96. Best remembered as a pioneer in resource development, James was inducted in-to the Canadian Mining Hall of Fame in 1990….
Toronto Stock Exchange (December 02, 1991)
Activity during the week ended Nov. 26 provided more evidence that the climate is improving for junior mining issues. Shares of Fort Knox Gold, for example, shot up to a new 52-week high of $1.75 as i…
Bethlehem Res. insider trades
Bethlehem Resources (TSE) Vice-President Brian Kynoch recently bought 21,438 shares for 38-45 cents to hold 235,688. A previous story (T.N.M., Nov. 25/91) reported that he sold the shares.
U.S.REPORT (December 02, 1991)
Aside from Noranda’s (TSE) recent decision to option ground held by Great Lakes Minerals (TSE) on the Keweenaw Peninsula, the early 1990s can hardly be described as vintage years for mining in the sta…