Gowest in deal with Placer Dome
A letter of agreement has been signed between Gowest Amalgamated (ASE) and Placer Dome (TSE) whereby Placer may earn a 75% interest in Gowest’s property in northeastern Ontario. The property comprises…
News
EXPLORATION ’92 — Peru’s mineral resources diverse
Mining accounts for 11% of Peru’s gross domestic product and about 45% of total exports, the country’s minister of mines and energy said at a recent meeting in San Francisco. The industry employs more…
NO HEADLINE (November 30, 1992)
A. Tonken appointed president and chief executive officer.
CE Zinc union accepts contract
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…
Glimmer reports alteration zone
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…
Chase boosts interest in Taysan
The recent purchase of an option on a further 7.5% interest in Taysan Copper, a Philippine company, gives Chase Resources (VSE) control over 67.4% of the Taysan project. On assignment of the 7.5% inte…
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…
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…