OBITUARY (March 16, 1992)
Norman C. Croome, who has been active in the mining industry for 45 years, died recently. He was 71. Born in Rainy River, Ont., Croome graduated in civil engineering and geological studies from the Un…
1992
Goldteck holdings
Discussions are under way with Teck (TSE) to sell to Teck the Canadian mining properties of Goldteck Mines (TSE), the latter reported. Goldteck also reported that it understands that Teck, Greater Tem…
PRODUCER PRICES (March 16, 1992)
ALUMINUM: MW U.S. market US61-62 cents per lb. (Feb. 27, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.90-3.10 per lb. (Jan. 23, 1992). CADMIUM: …
Wharf opposes United Coin mine deal
Wharf Resources (TSE), the largest unsecured creditor of United Coin Mines (TSE), says it will fight to have a recent agreement between United Coin and MinVen Gold (TSE) revoked. Under the agreement, …
Montreal Exchange (March 16, 1992)
The market turned down during the week ended March 10. The mining and minerals index slipped by 8.1 points and the market portfolio was off by 33.7 points. Daily trading volumes ranged between 3.9 mil…
Denison ends 35-year run of Elliot Lake uranium mining
A brief ceremony March 11 in Elliot Lake, Ont., marked the end of 35 years of uranium mining by Denison Mines (TSE) in the northern Ontario community. President Bill James presided at the mainly symbo…
Martel testifies before committee
Shelley Martel says she became increasingly upset with a Sudbury doctor in the weeks before she lied about his practice. In her first day of testimony before the committee probing her conduct, Ontario…
NEWS ROUNDUP (March 16, 1992)
Edmonton-based Golden Star Resources (TSE) has been granted the exclusive right to explore for gold and other minerals on a 200,000-hectare block of ground in Suriname, South America. Golden Star is t…
U.S. REPORT (March 16, 1992)
Pathfinder Exploration, a wholly owned subsidiary of mining giant Cogema, recently signed an option to earn up to a 65% interest in the Morning Glory/Wallace Creek property owned by Formation Capital …
On the Level (March 16, 1992)
This country is sorely in need of some new mines — big ones. But what in the world will it take to turn the industry around? Over the years it has learned to cope with the cyclical nature of the busi…
Royal Oak takes control of Trader
Shareholders of Trader Resource (TSE) unanimously approved an offer to exchange 15 million shares for interests in two Ontario mineral properties held by Royal Oak Mines (TSE). Royal Oak now owns over…
Cominco won’t up stake in Louvicourt
Faced with mounting debts and a string of new projects to finance, Vancouver-based Cominco (TSE) is giving up its direct participation in the Louvicourt Twp. massive sulphide discovery at Val d’Or, Qu…