Black Hawk purchasing Redstone nickel mine
Ownership of the Redstone nickel mine near Timmins, Ont., which closed in June, will change hands under a recent deal between Black Hawk Mining (TSE) and Timmins Nickel (TSE). For $150,000, Black Hawk…
1992
Kingswood in property deals with majors
Kingswood Resources (ASE) has negotiated agreements with Kennecott Canada and Soquem on two of its gold and base metal properties in northern Quebec. Kennecott has an option to earn 100% interest in K…
EDITORIAL PAGE — Recessionary blues
The federal finance minister’s recent economic statement or “mini-budget” has its supporters and its detractors, the more vocal, apparently, being the latter. If anything, Donald Mazankowski’s stateme…
Caledonia sells Richmont shares
Net proceeds of about $1.5 million were realized by the sale of its 1.36 million shares of Richmont Mines (TSE), says Caledonia Mining (TSE). Richmont reported gold production of 14,162 oz. during the…
HudBay plant costs soar, layoffs loom
The estimated cost of building a new zinc plant in Flin Flon, Man., has jumped to $171 million from $120 million, according to Hudson Bay Mining and Smelting’s (TSE) 1992 annual report. Although compa…
Casino to join in Sentinel merger
In concert with the previously announced combination of Pacific Sentinel Gold (VSE) and Big Creek Resources (VSE), a tentative agreement has been reached with Casino Silver Mines (VSE) to include it i…
MSV negotiates option deal with Soquem for Eastmain
An agreement with the owner of the Eastmain gold project in northern Quebec will allow Soquem to earn a 50% interest in a large portion of the project. MSV Resources (ME) says the agreement allows the…
METAL PRICES — FREE MARKET (December 14, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec. 8 Dec. 7 Dec. 4 Dec. 3 Dec. 2 Copper 1383-1385 1390-1391 1400-1401 1386-1387 14…
Mining’s contribution can’t be overlooked
The “glory days” of mining in Ontario are over, but cooperation between industry and government could foster new growth, says Lars-Eric Johansson, Falconbridge’s chief financial officer. Drawing compa…
STOCK MARKETS — Diamond exploration interest sustains
Western markets enjoyed a relatively buoyant month in November, particularly the Vancouver Stock Exchange where all measures of market activity rose along with stock prices. The turnaround can be larg…
TORONTO STOCK EXCHANGE INDICES (December 14, 1992)
Dec.8 Dec.7 Dec.4 Dec.3 Dec.2 High Low Composite”300″3290.86 3293.09 3289.42 3264.91 3265.25 4009.47 3009.91 Metals&Minerals 2803.18 2555.97 2759.39 2747.71 2777.06 3453.06 2502.63 Integrated Mines291…
Noranda intersects new Matagami zone
A surface drilling program by Noranda Exploration, a unit of Noranda (TSE), on its 100% owned Bell Allard South property near Matagami, Que., has intersected a new deep massive sulphide zone. One of t…