1992

A. Tonken appointed president and chief executive officer.

The 571 unionized employees at Canadian Electrolytic Zinc (CE Zinc) have voted 89% in favor of a new 3-year collective agreement. Under the terms of the new contract, effective Nov. 1, the average wag…

Drilling on Glimmer Resources’ (VSE) Beatty-Hislop property in northeastern Ontario has intersected a new zone of alteration. The new zone is about 300 metres north of the other known mineralized zone…

The Canadian Institute of Mining, Metallurgy and Petroleum’s economics committee in Toronto heard an enlightening talk by Robert Adams, who recently returned from the Commonwealth of Independent State…

Semi-monthly reports as of Nov. 15, showed 36,786,868 shares of 593 issues compared with 38,169,498 shares of 570 issues on Oct. 31. Larger individual positions included: Amer. Barrick 273,674, up 29,…

Exploration activity has slowed this year in the isolated, mineral-rich area of MacMillan Pass, up the North Canol Road near the Yukon-Northwest Territories border. “It’s getting marginal whether they…

With engineering planning now under way for the development of the Sanchez copper project, owner Azco Mining (TSE) has retained First Boston as its lead financial adviser. Pending the receipt of final…

Canadian and Belgian central bank gold selloffs, Japanese investors liquidating assets and the post-electoral doldrums in the U.S. are all cited as reasons for continued soft gold prices. However, gol…

A Euro-equity offering with European investors for 520,000 common shares at 63 cents per share has been completed by Queenston Mining (TSE). Brokerage house Deacon Barclays de Zoete Wedd acted as Quee…

Mineral exploration spending in British Columbia has sagged to $90 million in 1991 from $190 million in 1990, and according to Jack Patterson, managing director of the British Columbia & Yukon Chamber…

Following up previously announced plans, Amax Gold (NYSE) is proceeding with the acquisition of a 50% interest in the Refugio gold property in central Chile. Amax originally announced its intention to…

Placer Dome’s (TSE) Porgera mine in Papua New Guinea chalked up another first with the recent successful commissioning of a 670-ft. underground vertical ore conveyor. The conveyor, the first of its ki…