TORONTO STOCK EXCHANGE INDICES (April 13, 1992)
Apr 7 Apr 6 Apr 3 Apr 2 Apr 1 High Low Composite”300″3336.61 3385.95 3385.54 3395.91 3411.87 4009.47 3009.91 Metals&Minerals 2841.65 2875.32 2866.13 2862.69 2870.29 3453.06 2502.63 Integrated Mines300…
1992
NEWS ROUNDUP (April 13, 1992)
Production at the Shebandowan nickel mine near Thunder Bay, Ont., will be suspended for a minimum of three months effective May 15, Inco (TSE) reports. The decision will affect 360 contract workers at…
Minerva options Mexican property
After months of intense negotiations, a Mexican company owned 49% by Minerva Gold Mines (VSE) has emerged with an option agreement to purchase the La Conquista property located entirely within the bou…
Madeleine settles legal problems
Almost six months after taking over the reins at Madeleine Mines (TSE), representatives of Oklahoma-based Kaiser-Francis Oil have resolved all remaining charges pending against the Toronto company. Ma…
War Eagle is encouraged by drilling at La Blanca
Recent drilling on the La Blanca property in the state of Chihuahua in Mexico has owner War Eagle Mining (VSE) optimistic ongoing work will prove up a large silver-gold deposit. Based on eight drill h…
United Pacific posts gain
Claiming top spot as the most active issue on Canadian exchanges for the week ended April 7 was United Pacific Gold (VSE). During this period, the Vancouver-based junior mining company posted a gain o…
NEWS IN BRIEF (April 13, 1992)
Luxor Resources Ltd. (LRL:VSE) has changed its name to Luxor Industrial Corp. (LRL:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Montreal Trust.
GUEST COLUMN (April 13, 1992)
This is a fortuitous time to be marking the Geological Survey of Canada’s 150th anniversary (the official anniversary of the survey is April 14, 1992.) We are in the midst of a profound process of con…
PEOPLE (April 13, 1992)
Donald Shwery appointed president; David Edwards ap- pointed director.
Teck invests in Chilean venture
Armed with funds from a recent private placement, Arauco is planning to accelerate exploration programs on the more developed properties which it has acquired in southern Chile. Funding for this work …
Sale of interest in Cominco, Afton lifts Metall income
Proceeds of $18 million from the sale of its interest in Cominco (TSE) and Afton Mining boosted Metall Mining’s (TSE) earnings to $15.2 million (35 cents per share) in 1991 from $2.9 million in 1990. …
Coeur losses reflect merger
The recent losses reported by Coeur d’Alene Mines (NYSE) reflects substantial non-recurring, non-cash writedowns related to the company’s acquisition of Callahan Mining which became effective at the e…