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…
1992
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…
Mexico keeps up pressure to boost exploration
Within the next few months, the Mexican government will take another step toward full privatization of its mining sector by selling three million hectares of mineral lands. Having already sold its vas…
Exall begins work in Guyana
Toronto-based Exall Resources (TSE) has signed an agreement to acquire the exclusive right to explore for and develop alluvial gold and diamond deposits along a section of the Mazaruni River in Guyana…
NEBEX options Royal Oak claims
Calgary-based NEBEX Resources (ASE) has optioned a portion of the Northbelt claims near Yellowknife, N.W.T., from Royal Oak Mines (TSE). The claims, covering 5,200 acres, contain three subeconomic gol…
Adonos, Franklin near production
An interim agreement between Adonos Resources (VSE) and Franklin Consolidated Mining (NASDAQ) will allow for the reopening of the Franklin gold-silver-base metal mine in the Idaho Springs area of Colo…
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…