CIS selling disrupts market
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…
1992
TSE SHORT POSITIONS (November 30, 1992)
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 ’92 — Yukon’s MacMillan Pass has seen more
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…
EXPLORATION ’92 — Azco seeks Sanchez financing
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…
EXPLORATION ’92 — Gold market showing little sparkle
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…
Queenston makes Euro offering
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…
Base metal exploration activity sags on Canada’s West Coast
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…
Kilborn offices in Latin America
The depressed state of the Canadian mining industry is sending companies abroad with different strategies in the search for new business opportunities. Kilborn Engineering and Construction Ltd., for e…
Amax purchasing Refugio interest
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…
Porgera installs vertical conveyor
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…
EXPLORATION’92 — Newfoundland responds to mining
A streamlined environmental assessment process, reduced taxes and the elimination of some fees are among measures Newfoundland and Labrador is taking to revitalize its ailing mineral industry. Mines a…
Trump options Quebec property
Toronto-based junior Trump Reserve Minerals (ASE) has concluded an agreement to earn a 50% interest in a 36-claim gold property just east of Lebel-sur-Quevillon, Que., from Murgor Resources (VSE). Und…