Keno mines on hold
In view of recent silver prices, management of United Keno Hill Mines (TSE) decided not to begin commercial production at its silver-lead-zinc properties in the Keno-Galena Hills area of the Yukon. Th…
1991
EDITORIAL PAGE The wasted potential of COATS
The transfer of authority for Ontario’s over-the-counter securities market from the Ontario Securities Commission to The Toronto Stock Exchange dooms unlisted stocks in the province to a feeble market…
EDITORIAL PAGE Retail investors
If the Ontario’s securities overseers are convinced that small investors are no longer wanted, they should go ahead with its plan to charge a flat rate of 50 cents for every trade made on The Toronto …
Lawsuit against Goldcorp dismissed
A legal action commenced in 1989 in the Massachusetts district court against Toronto-based Goldcorp Investments (TSE) was recently dismissed by the presiding judge for the case. A spokesman for Goldco…
Teck bows out of Platinova play
Vancouver-based Teck (TSE) has withdrawn from participation in the East Greenland gold-platinum project of Platinova Resources (TSE), the latter company reported. Toronto-based Platinova said an assay…
COATS (over-the-counter) Strike soars to 65 cents
Confirming a base metal find on their property near Matachewan, Ont., Strike Minerals soared to new highs for the week ended Jan. 22, gaining 20 cents to close at 65 cents on a volume of 509,700. Part…
Cominco discovers large copper-gold porphyry in Alaska
Just when it seemed junior companies were stealing the limelight in making discoveries, a unit of Cominco (TSE) announced it had discovered a porphyry-style copper-gold deposit at its Pebble Beach pro…
Inlet drilling Chibougamau bet
A 6,000-ft. diamond drilling program is under way on Inlet Resources’ (VSE) Grandroy mine project near Chibougamau in northern Quebec. Inlet said the first hole in the program will be drilled to a dep…
Ontario implicates officers in Matachewan spill
Responsibility for a spill that released tonnes of mine tailings into the Montreal River last October rests not only with the companies involved, but also with their chief officers, according to recen…
U.S.REPORT AZCO advances Arizona copper deposit
The generally bullish outlook for copper has a privately-held junior aiming to develop an Arizona deposit which contains an estimated 168 million tons averaging 0.336% copper at a 0.2% cut-off grade. …
Montreal Exchange Stratmin gains 20 cents
A sagging market during the first week of the new year gave way to one with a small gain for the report period ended Jan. 15. The market portfolio moved up by more than 5 points on daily volumes in th…
Beama sees 225,000 oz. a year from Chile
Armed with a positive preliminary feasibility report, Bema Gold (TSE) is aiming to bring on stream a heap leach gold mine in Chile with an annual production rate of about 225,000 oz. gold. That repres…