Placer releases resource estimates
In addition to previously announced ore reserves of 18.4 million oz., Placer Dome (TSE) estimates that it holds measured and indicated resources totalling 8.5 million oz. gold at its mines and 8.3 mil…
News
More about diamonds (February 22, 1993)
Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. — Ashton Mining of Australia has elected to exercise the buyback clause in its joint venture agreemen…
EDITORIAL PAGE — Capital spending plans
The good news is that governments are paying more attention these days to aging infrastructure, such as roadways and sewage systems. The bad news is that drivers using newly constructed highways may f…
Cameco to supply Ontario Hydro
Saskatoon-based Cameco (TSE) says it has secured a 7-year agreement to provide Ontario Hydro with more than 2.7 million lb. of U3O8. The company says the uranium, to be supplied from Cameco’s Saskatch…
Metall proposes Minnova takeover
A proposal has been made by Metall Mining (TSE) to acquire all of the shares of Minnova (TSE) that it does not own at a price of one Metall common share and $4 for each Minnova common share. Metall ac…
Cream Silver loses appeal
The British Columbia Court of Appeal recently ruled that Cream Silver Mines (VSE) is not entitled to compensation for the loss of its rights to explore and develop mineral claims in Strathcona Park on…
Possible stratabound gold uncovered in Nova Scotia
A new type of gold occurrence which could have mine-making potential for Nova Scotia has been discovered by a private company Tri-Explorations of Halifax. Mineralization from a strongly carbonitized u…
PEOPLE — DESERT GOLD RESOURCES
William Trimble appointed director.
PEOPLE — THERMAL EXPLORATION
Dale Corman appointed president and chief executive officer; Hugh Harbinson appointed vice-president, corporate development; Charles Page appointed vice-president, exploration.
New gold market
The International Gold Trade. By Tony Warwick-Ching. Published by Woodhead Publishing, Abington Hall, Abington, Cambridge, England CB1 6AH. US$150 (plus US$20 for postage and packaging). New markets a…
TSE SHORT POSITIONS (February 22, 1993)
Semi-monthly reports as of Jan. 31, showed 51,149,175 shares of 567 issues compared with 38,018,192 shares of 571 issues on Jan. 15. Larger individual positions included: Adex Mng. 0, down 71,500; Ame…
COMMENTARY — Foreign borrowing grows
Our nation’s financial condition — as represented by unsustainable trends of both government and foreign debt — clouds the immediate recovery prospects. And if not corrected, these debts will stunt …